Chart of the Day

“Every single qualification for success is acquired through habit. People form habits and habits form futures. If you do not deliberately form good habits, then unconsciously you will form bad ones. You are the kind of person you are because you have formed the habit of being that kind of person, and the only way you can change is through habit.” – Albert Gray

ICYMI > Foundational Sessions are back up > here.
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Wishing you a great day ahead.

Penny Still has to Drop

“When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes

No change to our base case outlook: things are going to get worse before they get better. As we already discussed and highlighted, this week has offered ‘a lot’ of opportunities for both short-term and position trades.
In the next 24h we wait for developments out of the WHO and China’s next update.
China is effectively slowly shutting down and policy makers and administrations are behind the curve desperately trying to delay any action in order to avoid hurting world financial markets. Unfortunately, this is the sad state of affairs.
As we have been doing all week in the webinars and video updates, today we will be reviewing events, announcement and key points for these next 2 days, along with our positioning into the weekend.
As we discussed on Monday, don’t forget to keep an eye on Bernie and impeachment developments on Friday too.
In addition to the other charts we posted this week, If you are not focusing on these 3 key charts, then you are likely not really paying attention:
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If you are interested in 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.

Key Inflection Point

“Life is a constant series of opportunities. If we don’t reach out for things, if we don’t take advantage of what comes our way, then we cannot be in harmony with the essential nature of life.” – Ming-Dao Deng, 365 Tao: Daily Meditations

Here are some of the key charts we will be discussing today as we trade into this key seasonal period ending December 15th; which interestingly enough, is also the deadline for the next round of tariffs.
Note for active 50Scouts members: *make sure you read our 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).
If you are serious about attracting Investor Capital/finding Investible Strategies please check out our dedicated Darwinex page.
If you are interested in 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.

R.I.P. T. Boone Pickens

One of the greatest tweets ever…

Chart of the Day

“I like putting all my eggs in one basket and then watching the basket very carefully.” – Stanley Druckenmiller

Keep an eye on our Twitter Feed today for an update on some of the Key Charts we have been discussing for a while now.
As far as the biggest event risk on the calendar today, all eyes will be on Super Mario and the Euro > We are still hovering at a key inflection point and we will discuss the various scenarios and outlooks in today’s webinar session.
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Wishing you a great day ahead.

Eyes on the Russell

“There is no place for arrogance or complacency in racing because you are up there one minute and on your backside the next.” – Tony McCoy

Here are some of the charts we will be discussing and reviewing in today’s webinar. Needless to say, as already discussed, the key one to watch is the Russell. We remain at a key inflection point with a lot of complacency and headline risk.
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Wishing you a great day ahead.

POST SOTU


“Of course, if a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers and cousins of the original. The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.” – Jesse Livermore

What we would be keeping an eye on today:
(i) Indices around the pivotal levels: hold below increases chance of correction and offer interesting asymmetric opportunities
(ii) Crude closing below the pivotal 55 mark and holding heavy
(iii) USDJPY still not buying the magic carpet ride ramp in equities and still holding heavy
(iV) commodity currencies still heavy and pointing to more risk off
(V) bonds still holding the underlying bid
> all in all similar, tells across the board.

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Wishing you a great day ahead.

Chart of the Day

“When nothing seems to help, I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that last blow that did it, but all that had gone before.” – Jacob A. Riis

The aggressive squeeze continues in High Yield and it’s going to be key to see how this resolves for the next structural move across the board. As we have been discussing, our outlook on Junk and the broader markets has not changed in terms of a bigger picture view.
Once again, it’s all about the FED. The turn this has taken is simply > Hawkish FED = Pressure ON / Dovish FED = Pressure OFF. We will discuss this today and how it’s important to both trade the hand we are given but also understand the limitations of this simplistic view and how we think this is likely to resolve. The Quick-Take is: nimble and tactical on intraday opportunities but use the broader action to position swings.
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Chart Update

“The greatest fear in the world is of the opinions of others. And the moment you are unafraid of the crowd you are no longer a sheep, you become a lion. A great roar arises in your heart, the roar of freedom.” – Osho

Today we will be reviewing 3 key charts we have been focusing on this week:
ES > all about the 2600 mark from a day and week close basis now as we wait for Powell to speak today. Don’t forget the Buyback Blackout Period and q4 Earning…
USDCNH > trade for the move back to the opposite side of the range is done and now it becomes very interesting. Remember that this is going to be key for a lot action across the board.
DXY > Moving along nicely for now. Focus will be on how we trade through Powell and how we settle this week but no change in outlook. Our Euro and Yen swings remain in play.
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