“In the beginner’s mind there are many possibilities, but in the expert’s there are few” – Shunryu Suzuki
’19 Thought of the Day
Into ECB
“Every day passes whether you participate or not.” – Ming-Dao Deng, 365 Tao: Daily Meditations
ICYMI our latest ‘House View’ Post, you can go through it > HERE.
DRaghi, US GDP tomorrow and then the FOMC on Wednesday; we’re almost here > here are some of the charts we will be discussing and focusing on today:
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate check out our Premium content.
Wishing you a great day ahead.
Food for Thought
We feel that, especially in the current context, this quote deserves to stand alone in today’s post:
“I now understand why Druckenmiller could have made so much money in these times. A risk seeking mentality in an incredibly liquid leveraged area. I get it. I get that now. And if I had to do my career differently, I would have been trained about rates on the sell side early in my career so I could have made this part of it.”- John Burbank
ICYMI our latest ‘House View’ Post, you can go through it > HERE.
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate check out our Premium content.
Wishing you a great day ahead.
Supporting Charts
“It was character that got us out of bed, commitment that moved us into action, and discipline that enabled us to follow through.” – Zig Ziglar
Here is some of the supporting materials for today’s webinar session:
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate check out our Premium content.
Wishing you a great day ahead.
Chart of the Day
“There’s no talent here, this is hard work. This is an obsession. Talent does not exist, we are all equal as human beings. You could be anyone if you put in the time. You will reach the top, and that [is] that. I am not talented, I am obsessed.” – Conor McGregor
In today’s video update and webinar session, we will focus on updating and reviewing our roadmap for indices into the FOMC and end of the year:
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.
Chart of the Day
“Listening is a master skill for personal and professional greatness.” – Robin S. Sharma
A lot on deck today – no big change to what we have been discussing – as we wait for today’s earnings, data points and FOMC speakers.
In today’s Webinar, we will review what to expect in this OPEX week and why RTY remains a key chart:
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.
Data and FOMC Members
“I like to listen. I have learned a great deal from listening carefully. Most people never listen.” – Ernest Hemingway
Once again, all about the FOMC meeting at the end of the month. As we have discussed, keep an eye on data and on all the FOMC Members speaking this week.
Remember that this is the last week ahead of the Black-Out Period before the meeting so it is the last chance the Members have a chance to point the market in the right direction.
All-in-all, it still looks like the market is really trying to force the Fed despite recent data; heads-up for Retail Sales tomorrow. It will be interesting to see after recent data points showing the stronger NFP and Hotter CPI prints.
Interestingly enough, most market participants seem to be pricing in a clear road-map all the way into the 2020 election; in today’s session, will will review this ‘perfect scenario’, what it means for the main asset classes and what could go wrong.
Don’t forget that Earnings Season start to get into full swing this week with the banks.
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.
Inflection Points
“We keep our cool when others don’t. The point is, markets adapt.” – David Tepper
Markets remain at key inflection points as the Fed continues to be the only game in town.
We can’t stress enough how important the end of the month is going to be, not only for shorter-term opportunities but for setting up the end of the year.
Once again, keep an eye on the data and to listen to what the FOMC Members are telling you; don’t make it harder than it should be. In this business, it is far too easy to let cognitive bias take over and cloud your judgement.
As we have been trying to stress, a lot can happen ahead of the 31st, not only in terms of data points (coming in hot so far) and FOMC Speakers (trying to cool expectations) but also especially in terms of the earnings season kicking-in with what are likely going to be disappointing earnings and more lower guidance. It’s not an easy read with so many moving parts so it’s important to stay nimble and keep an open mind.
intraday we are still seeing a lot of interesting opportunities, especially in indices but remember that longer-term, it’s about strategy and positioning for the long game. More on this in today’s webinar session.
ICYMI > selection of charts we posted yesterday.
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
For newer readers, it’s always worth catching up on our Trading Reflections post.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.
More Powell
“I don’t think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.” – Richard Dennis
What a difference a day makes…
