Into ECB | 14/06/2018

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As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Mid-Week Update

“Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Mid-Week Update

“People with a sense of fulfillment think that the world is good, while the frustrated blame the world for their failure.” – Eric Hoffer
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Super Mario

“Winning is habit. Unfortunately, so is losing.” Vince Lombardi
As we outlined and discussed in our latest Outlook Video focus remains of how equities are trading post these ‘great’ earnings releases. The tape has changed and what we are seeing is the market unable to really capitalize on these gaps higher and this is the most important dynamic/development we should be keeping an eye on. Not only is this key for the bigger picture view and swings but also for intraday trading opportunities. Luckily, the trading Gods have decided to give us a lot of two-sided action and a great trading environment for 2018, may it continue like this for the whole year…
Focus for today will be on Super Mario and the Euro, followed by what the action in FB and AMZN will bring. Remember that we are trading a key inflections points across the board with markets really positioned in an extreme fashion: short bonds, short dollar, short vol, long oil, long equities.
Buckle Up, should be a very interesting day and end of the week… will post some key charts on the Twitter feed.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Morning Call

“Ignorance makes you believe that life functions haphazardly. Wisdom teaches you that everything that happens in this theater of life has profound significance. What you see today is not the fruit of chance but a fruit from seeds planted in the past.” – bkwsu.org
In case you missed our thoughts for the week > Outlook Video.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Mid-Week Update

“We are too much accustomed to attribute to a single cause that which is the product of several, and the majority of our controversies come from that.” – Marcus Aurelius
As discussed in our latest Weekly Outlook Video; we are still seeing a lot of ‘velocity of move’ inside recent ranges. Our base case has not changed and recent action in GC/JPY/CHF may indeed be the tell on what is coming. Here is today’s morning call:
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Fight is ON

“Speed of mind is everything and having the ability to stick with your decision.” – David Kyte
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Morning Update

“You cannot control what happens to you, but you can control your attitude toward what happens to you, and in that, you will be mastering change rather than allowing it to master you.” – Brian Tracy
Weekly Outlook discussed in detail in our latest video.
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Broken

“I will not allow yesterday’s success to lull me into today’s complacency, for this is the greatest foundation for failure.” – Og Mandino
It’s going to be very interesting to see how we trade into the weekend. As you will likely see on the media today; the narrative will be shifting from ‘this market never goes down’ to ‘how could the market have ignored all these risks’…
As we said yesterday:
We cannot put enough stress on the fact that there is more and more risk building up out of Washington. Apart from the Muller investigation, Stormy Daniels and Iran (who would have thought that these 3 would be in the same sentence), do not underestimate the tensions and action/reaction from the China tariff announcement. Once again, the market is being very complacent.
Our base case remains that Facebook is broken and if you look at some of the other names like Apple, the turn is trying to get traction… this is the most important development in the markets.
Naturally, everything is not lining up perfectly and there are still some stocks and asset classes that are not cooperating/not in sync but the potential for all the ducks to line up is definitely increasing.
In terms of intraday action, we always prefer to look at each chart independently and let price guide us but there are times when we need to put a little bit more weight behind the bigger picture/underlying currents.
The theme for the day is how flows react into the end of the week. All things being equal, one would expect markets to continue to trade heavy and to see selling coming in on any rally attempts. Naturally, miracles do happen but as we stand now and as we have repeated highlighted, it seems that something has broken…
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.