NQ

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.

Getting Interesting

| 50Pips
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.

Super Thursday

| 50Pips
“The only way out is through.” – Carl Jung
We are looking forwards to more action into the end of the week. If you are an active 50Scouts member: keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too), we’ll have plenty to discuss and review. 😉
As much as things have stabilized in the US, foreign markets are still struggling. We recently reviewed DAX and FTSE in detail but take a look at some of these other charts…
Make sure you keep on watching the bonds. As we have been warning repeatedly, still no sustained bounce in sight and all the other asset classes will be forced to pay attention and adjust…
In terms of equities, it’s all about recent lows vs the highs we made yesterday. If those highs give, then we would expect another push back towards all time highs (as discussed in our recent morning call). Don’t forget to watch intraday action on Boeing and Amazon for clues. Here is the NQ chart to give you an idea of the dynamics (ES and YM are very similar and we’ll be redrawing and discussing those live today). If you had to focus on one, ES is clearly the most technical and purest for now…
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

| 50Pips
“We cannot see our reflection in running water. It is only in still water that we can see.” – Taoist proverb
If you missed it > latest weekly outlook video.
Yen and Bonds on the move, again, if they continue to get traction, equities will have to move accordingly… getting interesting. Here are the key charts to keep on you radar:
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.

Focus still on Tech

| 50Pips
“Without numbers, there are no odds and no probabilities; without odds and probabilities, the only way to deal with risk is to appeal to the gods and the fates. Without numbers, risk is wholly a matter of gut.” – Peter L. Bernstein
Will try and post a morning call tomorrow, will keep it short and simple today.
As discussed once again in our weekly outlook video, our focus has been and remains on tech. The bears manage to inflict some decent damage to a lot of the names… still just a flesh wound but with clear potential to accelerate to the downside in an aggressive manner. As far as the other indices are concerned, it’s all about the negative daily closes, if the highs hold, the Trump/Tax run could be done in the buy the rumor sell the news scenario we have been discussing.
Furthermore, staying with the buy the rumor sell the news theme; don’t forget to keep an eye on CL.
Make sure you keep an eye on URA this week as it is starting to look more and more constructive.
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.

Tech and Bonds

| 50Pips
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.” – Paul Tudor Jones
As we wait for the ECB, once again, don’t forget to keep an eye on NQ and ZBs. We can’t stress enough how important the NQ divergence and the ZB dynamics are:
In case you missed it, here is our Latest Outlook Video for the week ahead.
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.

Techs in Focus

| 50Pips
“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
As we have been discussing and as highlighted once again in our latest weekly outlook video, not only have markets been very complacent in pricing in geopolitical risk but tech has been really flashing all kinds of warning lights. If you are interested in our latest charts/levels for Apple, Nvidia, Amazon, Facebook and Tesla, they were all posted yesterday on our twitter feed.
Here are 3 of the key charts to focus on today:

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.

Focus on Tech

| 50Pips
“Lucky fools do not bear the slightest suspicion that they may be lucky fools – by definition, they do not know that they belong to such a category.” – Nassim Nicholas Taleb
Following the release of the Alphabet numbers yesterday after the close, focus will be to see on how US markets will open and if we get any kind of follow-through on the initial knee-jerk selling that came through.

Latest weekly outlook video highlights where we are at and what we are focusing on into FOMC this Wednesday. Clearly, the most interesting chart dynamics that are playing out are on the DAX.

Interesting to also look at DXY on weekly and monthly time-frames to help with the bigger picture view.

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

| 50Pips
“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.