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.

Focus on Pivotal Levels

“If you would hit the mark, you must aim a little above it; every arrow that flies feels the attraction of earth.” – Henry Wadsworth Longfellow
Busy week ahead with US Mid-Terms Election, RBA, RBNZ and FOMC. As headline risk remains very high, the focus will be on how we close the week with respect to those 200DMAs and the 50Back retracements of the recent moves from the all time highs. Remember to keep an eye on USDCNH, and the weekly chop zones on DXY and therefore the Euro.

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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.

Focus on AAPL

“Kites rise highest against the wind, not with it.” – Winston Churchill
In case you missed it, here is our latest > Weekly Outlook Video.
As expected we got our month-end ramp up so no big surprise. What is interesting, is how markets stalled into the close and at key inflection points. Remember that it’s all about AAPL earnings now… as everyone is looking for the usual ramp and up and away, Bulls better hope that there are no surprises or soft number/guidance as that could really ruin the party into Mid-Terms. We will review and discuss this in detail again today.
They other key dynamic to keep an eye on is the DXY. As discussed, eyes on the weekly close and how we trade into Monday. After yesterday’s deep dive into this we will continue to discuss recent action and dedicate the new video update to current levels, implications, what we expect and the various scenarios moving ahead. Remember that if you are not paying attention to CNH, as we have been repeatedly discussing, then you are likely making it harder than it should be and not really paying attention.
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).
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.

Chart of the Day

“Every man who knows how to read has it in his power to magnify himself, to multiply the ways in which he exists, to make his life full, significant and interesting.” – Aldous Huxley
If you are not paying attention to CNH, then you are probably not paying attention. Intraday action has been extremely interesting and has been offering an incredible opportunity to see how flows are being influenced by the fight that is taking place at highs. Today we will discuss this in detail and review why this is a key piece of the puzzle to spark the next moves in the fx and metals space.
In terms of equities, remember to keep an eye on the ‘flip the switch’ pivotal levels, so far so good with respect to our outlook. We will review and discuss management of the downside rotations, along with the respecting evolving targets for the bigger moves.
Also don’t forget to keep in mind that AAPL is still doing the heavy lifting and that all in all, it still hasn’t move much…

Don’t forget to keep an eye on Japan.
Check out our latest Weekly Outlook Video.
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.

 

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.
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.

Chart of the Day

“In essence, if we want to direct our lives, we must take control of our consistent actions. It’s not what we do once in a while that shapes our lives, but what we do consistently.” – Tony Robbins
Another key day in the markets as the Shanghai Composite bounce is fading. If you missed if, please check out our latest Weekly Outlook Video. We covered the main themes for the week and there is very little to add so far.
Remember to keep an eye on USDCNH as that will be one of the main intraday drivers of momo and flows, especially in relation to the metals. It’s a key piece of the puzzle and as we have been discussing, of the virtuous chain-reaction across asset-classes. More on all this in the webinar into NY open.
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/

Key Inflection Point

“I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it.” – George Bernard Shaw
After focusing on drilling down on individual sector performance, today’s video and webinar will be focused on the tech space. There are a lot of interesting dynamics trying to play out this week as we head into NFP.
ICYMI, please check out our latest Weekly Outlook Video.
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.