dxy

Waiting for Powell

| 50Pips
“Be Mindful Of Your Self-Talk. It’s A Conversation With The Universe” – David James Lees
Markets waiting for Powell to testify > VIX smack-down continues as the DXY is ranging at lows and equities are moving around the pivotal levels we discussed in the latest outlook video.
The clear winner for chart of the day has to be the impressive monthly coil on the Nasdaq. As usual, we are going to be boring and highlight yesterday’s volume on this recent press and this will be one of our main discussion points today.
Reminder: Italian Elections event risk into next week. This does not change our bigger picture view on Euro but will likely affect shorter-term positioning and flows.

If you are interested in the Foundational Webinar Series > New Session.
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.

Fragile Recovery

| 50Pips
“You are neither right nor wrong because people agree with you.” – Benjamin Graham
As discussed in the latest weekly outlook video we are hovering around key levels across the board. The next ‘healthy move’ seems to be fairly clear on the charts but it’s still struggling to get real traction. Equities looked very fragile yesterday but the ‘magical’ bid in tech stocks saved the day. We suspect that action could have turned very ugly across the board had it not been for the Nasdaq holding.
Here are some of the key charts we’ll be discussing and focusing on today:

Reminder, if you are interested in the Foundational Webinar Series > New Session.
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.

Key Drivers

| 50Pips
“A market is the combined behavior of thousands of people responding to information, misinformation and whim.” – Kenneth Chang
Here are the 3 key drivers we would be keeping an eye out on today. Remember, you can also check out our latest weekly outlook video.

Reminder if you are interested in the Foundational Webinar Series > New Session.
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.

Chart of the Day

| 50Pips
“The market itself determines the relative importance of all factors more accurately than any speculator can hope to interpret them.” – Don Guyon
All eyes will be on President Trump in Davos and the ECB today. The bigger picture remains in tact > latest weekly outlook video.
As we discussed yesterday in our morning call, looks like the BTD crowd is still out in full force but the velocity of the down moves remains very telling. On the single stock side, as we have been posting on twitter, we are focused on the action in Apple.
Don’t forget to keep an eye on ZBs and ZNs > they are still hovering just above key structural supports.
Fingers crossed for an interesting day with plenty of opportunity across the board 😉

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.
If you are struggling or looking to speed up your learning curve, you might be interested in our Foundational Webinar Series.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“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
Don’t forget to check out our latest weekly outlook video; as we discussed, action in the DXY is going to be a key driver this week. We will be discussing this in detail today along with recent action in Crude and Bonds…

In case anyone missed all the discussions about equity performance outside of regular training hours, this is a good recap. We live in truly exceptional times…

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.
If you are struggling or looking to speed up your learning curve, you might be interested in our Foundational Webinar Series.
Wishing you a great day ahead.

 

Chart of the Day

| 50Pips
“There are three ingredients in the good life: learning, earning and yearning.” – Christopher Morley
Very nice reaction on our Crude chart yesterday; today the focus will be on the USD. Make sure you keep an eye on how we trade post the CPI release as things could get very interestng as we move into the 3 day weekend.
Note for active 50Scouts members: make sure you 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.
If you are struggling or looking to speed up your learning curve, you might be interested in our Foundational Webinar Series.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“The ability to convert ideas to things is the secret to outward success.” – Henry Ward Beecher
As we discussed in the latest weekly outlook video, shorter-term, the focus is on a USD bounce, with the asymmetric risk/reward being on tactical EURUSD shorts. It’s all about follow-through now and don’t forget to keep an eye on ZBs.

Note for active 50Scouts members: make sure you 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.
If you are struggling or looking to speed up your learning curve, you might be interested in our Foundational Webinar Series.
Wishing you a great day ahead.

Mid-Week Update

| 50Pips
“Before enlightenment: Chop wood, carry water. After enlightenment: Chop wood, carry water.” – Zen Proverb
Not a lot to add to our latest weekly outlook video and morning call.
In terms of equities, we’ll have to see if we price this tax plan back into the market yet another time or if we continue to see some profit taking. As far as the levels are concerned, it’s all about the weekly range we have put in so far; bullish above / bearish below.
Here are some of the other key charts we will be focused on and discussing today:
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.

Into ECB

| 50Pips
“Do not permit the events of your daily life to bind you, but never withdraw yourself from them.” – Zen Proverb
Nice action no gold yesterday, as discussed in our Into FOMC post, this is the time of the year swingers will be out in full force. The 1250 mark remains pivotal to hold the 1250/1300/1350 range and all eyes will be on the weekly close now.
Another constructive day for Crude shorts as the 55 mark continues to attract in the post OPEC buy the rumor sell the news move.
Speaking of buy the rumor sell the news, DXY still looking for direction at the 200WMA:
Remember to not let the market lull you into complacency; vol will be back when you least expect it.
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.