Charts of the Day

“You should sit in meditation for twenty minutes a day, unless you are too busy. Then you should sit for an hour.” – Zen Proverb
Here is a selection of key charts that we will be discussing and focusing on today:

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Wishing you a great day ahead.

Charts of the Day

“Beware those who seek constant crowds for they are nothing alone.” – Charles Bukowski
Busy day as we will have to deal with o/n China Deal news, AAPL post earnings shenanigans and NFP.
Not much has changed to what we have been discussing this week. If interested, just scroll back through recent posts and charts.
Here are some of the key dynamics to focus on today:

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Wishing you a great day ahead.

Charts of the Day

“The victory of success is half won when one gains the habit of setting goals and achieving them. Even the most tedious chore will become endurable as you parade through each day convinced that every task, no matter how menial or boring, brings you closer to fulfilling your dreams.” – Og Mandino
Another key day in the markets as the cavalry came in and saved the day right at those key marks on ES/YM/NQ. Once again, we cannot stress how important those levels are from a day and week closing basis. We have been discussing and detailing this for some time but even if you haven’t been in the sessions, the price action should be self explanatory.
If you missed if, check out our latest Weekly Outlook Video. In response to a few questions that came in and to make sure the release schedule is clear, please note that, for the time being, the outlook video is available to 50 on Markets subscribers into the Sunday open and then posted on the blog after the Monday US open.
We have attached 3 of the most important screens we are focused on at the moment. Finally markets are moving again and giving us plenty of opportunity. Remember to focus on the bigger picture, especially now that traditional correlations are starting to come back into play.
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Wishing you a great day ahead.

Chart of the Day

“Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.” – James Grant
The key dynamics we will continue to focus on ad discuss remain: US/Worlds Markets, overall sector rotations, CNH/GOLD, NIKKEI/JPY, Crude and overall market breadth.
Make sure you check out out latest Weekly Outlook Video. We covered and referenced a lot…
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.

 

Some Key Charts

“Soros is the best loss taker I’ve ever seen. He doesn’t care whether he wins or loses on a trade. If a trade doesn’t work, he’s confident enough about his ability to win on other trades. There are a lot of shoes on the shelf; wear only the ones that fit. If you’re extremely confident, taking a loss doesn’t bother you.” – Stanley Druckenmiller
As we have been discussing, we are at key inflection points across the board and it looks like Chairman Powell has just added some fuel to the fire. There are far too many moving parts to discuss in a blog post today, if you were thinking about it, this is an ideal time to look into some of our premium content. We’ll leave you with a selection of key charts we are focused on.
Wishing you a great day ahead.
CRUDE > https://www.tradingview.com/x/5fNsVogI/
Nikkei > https://www.tradingview.com/x/2GjROEz5/
ZB > https://www.tradingview.com/x/IBO1EpUz/
NQ > https://www.tradingview.com/x/MGL4fAGY/
FANG > https://www.tradingview.com/x/7HPVO8xD/
SILVER > https://www.tradingview.com/x/ubjkfADZ/
RTY (leading) > https://www.tradingview.com/x/cLNIjIXp/
NQ & FANG (AAPL trying to hold) > https://www.tradingview.com/x/kg9vMu3F/
DXY > https://www.tradingview.com/x/6sCH5QJ5/
NIKKEI & USDJPY > https://www.tradingview.com/x/BvZbMp1A/

Charts of the Day

“Do not permit the events of your daily life to bind you, but never withdraw yourself from them.” – Zen Proverb
Markets remain in grind higher mode as we wait for the last trading session of the week. There is very little edge in trying to fade these steady grinds, especially into quadruple witching.
Remember that today usually results in one of the most active trading days of the year. Furthermore, we will also see S&P and MSCI proceed to the re-classification/re-categorization of information technology and communications sectors and don’t forget that we usually to see tape bombs hit the wires in the latter part of these Friday sessions.
Could end up being a fairly sporty day…
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Wishing you a great day ahead.

 

Chart of the Day

“Knowledge is an unending adventure at the edge of uncertainty.” – Jacob Bronowski
As we navigate headline risk and get ready for the BOE and ECB decisions, there is no change to what we discussed in our latest Weekly Outlook Video.
Equities continue to chop around at highs as we wait for the next catalyst for a proper move and once again, we reiterate, something has to give as this divergence between the US and the rest of the world will not continue ad infinitum.
The most interesting recent development is the DXY trying to get some downside traction as we continue to focus on the failure in the 96s and expect a retest of the 50WMA before we get more clarity on the bigger cyclical direction. We remain open to what price will tell us but as for now, we are still leaning to the downside.
Remember that there are a lot of stretched positions that still need to unwind if this DXY downside gets traction. Apart from the commodity complex, notably we had highlighted CHF and NZD with the former having played out and the latter still very much in play.
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Wishing you a great day ahead.

Chart of the Day

“Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things only hoped for. ” – Epicurious
ICYMI, please check out our latest: Weekly Outlook Video.
Once again, we expect this week to potentially be pivotal in confirming or invalidating the current cyclical moves that are trying to get traction. A lot of data on deck coupled with a busy Central Bank schedule and mounting headline risk should be the ingredients for some very interesting action.
Focus remains on the DXY and the tech sector where Apple and Amazon will continue to be in the spot light.
If you are interested in a more structured way of tackling the business of trade, 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

“Good judgment comes from experience, and a lot of that comes from bad judgment.” – Will Rogers
As discussed in our Latest Weekly Outlook video, one of the most important charts to keep an eye on this week remains the DXY. As we have been repeatedly highlighting, it was not a question of ‘if’ Trump was going to comment on currency moves and the strong dollar but just a question on ‘when’. Heads up for more headline risk as we don’t expect Trump to back down and especially as we get closer to Jackson Hole.
No change to our outlook on equities, our focus remains on tech weakness and remember to keep and eye on GOLD and SWISSY as positioning there could really spark some interesting moves.
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.
ICYMI (offer will end this week) >Video Updates: Early Bird. If you have any questions on this service, please do not hesitate to use to the contact form to get in touch.
Wishing you a great day ahead.