Long Weekend

“The way to build superior long-term returns is through preservation of capital and home runs…When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.” – Stanley Druckenmiller
No change to our latest weekly outlook video as we move into the end of the week, month and quarter. Keep in mind that fighting flows is a hard way to spend your time, especially if you are doing it into quarter-end re-balancing. Keep the bigger picture in mind, understand the context, be patient and don’t make it harder than it should be.
DXY is still stuck and until we get a sustained break there is likely little edge trying to get aggressive on Crude or Gold. The focus remains on equities…
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.

Fragile Recovery

“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.

Getting Interesting

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
Quick post today > focus is on how we trade into the end of the day and especially on Monday if markets close heavy. Moves are in play and nothing has changed, so please go back to the posts we put out earlier in the week if you are looking for a bit more clarity on what is playing out.
50Scouts members: please check your inbox for a free pass to today’s webinar session.
Here are 3 key charts to keep an eye out on:

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.

Eyes on Bonds

“Resentment always hurts you more than it does the person you resent.” – Rick Warren
If you missed it, you can check out our latest video > EOY Review.
Here are key three charts that will be in focus throughout the year:

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.

Desperately Seeking Follow-Through

“I have seen many storms in my life. Most storms have caught me by surprise, so I had to learn very quickly to look further and understand that I am not capable of controlling the weather, to exercise the art of patience and to respect the fury of nature.” – Paulo Coelho
No big change to what we have been discussing to our Latest Outlook Video and blog posts but it does look like markets may be trying to make a sustained move. Once again, we have to stress that for some real follow-through, we need to see YEN and GOLD co-operate and all charts moving in sync with each other.
Apart from the usual suspects, here a 3 key charts we would be keeping an eye out on 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.

Thursday Blues

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” – George Soros
Even as Geo-political risk seems to be escalating, markets remain in a holding pattern. As we discussed in our latest outlook video, we believe that more and more cracks are showing, especially on the tech side. Instead of sounding like a broken record, as we wait for the next catalyst, we will simply post a collection of charts to highlight what we are focusing on:
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.

Follow Through

“What seems like a crazy idea today eventually grows. It’s a ‘with hindsight’ thing. One day, someone will turn around and say;That was genius.” – Natalie Massenet
No change to what we discussed in our latest weekly outlook video. It’s all about follow through now that we have pulled back from these recent highs.
Our main focus remains on CL (unresolved business in the low 40s), GBP (still structurally short across the board) and NQ (something important happened last Friday and we expect more downside).
Here are some of the charts we will be reviewing/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.

Food For Thought

“Instinct must be thwarted just as one prunes the branches of a tree so that it will grow better.” – Henri Matisse
If you missed our video updates this week, you can always catch up on our most recetn thinking through these links for the weekly outlook video and/or the mid week morning call.
We’ll keep things simple going into the weekend, just highlighting some of the charts we are keeping an eye on. Don’t forget that today is the last trading day of the month and that we’ll have a lot of data flow to get through. As usual, no change to the way we like to be positioned going into the weekend… btw, we’ll start the charts with the VIX; still no fear 😉
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.