“Tell a man there are 300 billion stars in the universe and he’ll believe you. Tell him a bench has wet paint on it and he’ll have to touch it to be sure.” – Murphy’s Law
eurjpy
Headline Risk
“It’s repetition of affirmations that leads to belief and once that belief becomes a deep conviction, things begin to happen.” – Muhammad Ali
No change to what we have been discussing. Market is still facing a lot of headwinds and we still have a lot of headline risk. We will update out thoughts and analysis in the Sunday 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.
Chart-Book
“I believe in Karma. If the good is sown, the good is collected. When positive things are made, that returns well.” – Yannick Noah
As we reviewed yesterday, the moves discussed in the latest Weekly Outlook Video are in play.
Short-term, the focus will be to see if the bears can hold the pressure on as we move through triple witching. Clearly, the risk is of a bounce into expiration and how markets move will be very telling. The biggest surprise to most participants will be if indices continue to hold heavy into the close on Friday.
No change to our current outlook > here are a series of links to some of our chart-book: NQ_F, ES_F, YM_F, XLF, USDJPY, JNK, HG, EURJPY, AMZN, BTCUSD and AAPL.
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.
Forex Overview
READINESS: A knife keeps its edge, Only with honing and proper cutting. A warrior’s virtue is readiness. A sage’s virtue is awareness.
This life is so competitive and challenging that one must remain in constant readiness for the problems and conflicts that come with each day. That is why followers of Tao meld the way of the warrior and the sage. They want the courage and preparedness of the fighter, the luminous perception of the wise. Each day, they dedicate themselves to maintaining their characters and perpetuating their development. But how does one maintain one’s edge without blunting?
There is a fable about a king who was watching his butcher. He was amazed that the man could dismember a whole ox without much effort and without dulling his knife. Seeking to learn, the king questioned his servant, who said that his secret was to insert his knife only in the spaces between muscles, thus parting the body along its natural lines. In this way, where an ordinary butcher had to grind his blade daily, he only had to sharpen his knife once a year.
From this we can learn that we must first hone ourselves to a sharp edge, but the proper use of our talents is equally essential. We must remember to take action along the basic lines and seams of the day. If we do this, we can never be opposed for long.
365 Tao: Daily Meditations
Deng Ming-Dao
If you missed our latest video update, you can access it here > weekly outlook video.
