shanghai

On the Radar

| 50Pips
“Those who consider the inessential to be essential, and see the essential as inessential, don’t reach the essential, living in the field of wrong intention”
– Gautama Buddha
Not much has changed as we wait for BOE today and NFP / ISM tomorrow. We have attached to two main charts we would be keeping an eye on to get a feel is the ramp attempts in equities have any legs. We’ll stick with our base-case scenario that equities are still in a complex topping process and that we have already seen the highs in quite a few of the charts. Again, don’t forget to keep and eye on bonds!
ICYMI >Video Updates: Early Bird.
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Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Let me give you a tip – moping around like a sad puppy dog isn’t going to help you. Change your attitude. Attitude is the one thing you have total control over and the minute you let doubt, depression or martyrdom creep in, you set yourself up for a long life of mediocrity.” – Jim Wendler
Tariffs, tariffs and more tariffs. You can run but you can’t hide… As long as Asia stays heavy, there is a real risk of downside acceleration across the board.
Today we will go into even more detail not only on the Gold technical picture but also on the seasonality and current swing that is in play.
Don’t forget to keep an eye on USDJPY. Intraday action in this pair is hands-down the most interesting/important dynamic that has been playing out in the markets and (naturally) with Gold, a key piece of the puzzle…
If you missed the latest video post you can access them here:
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
“Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.” – Vladimir Nabokov
If you missed our latest video, you check it out here > Latest Weekly Outlook.
Today we will discuss liquidity, complacency and what this mean for the markets, along with the current broader ranges we are trading in. Once again, the Shanghai Composite is not looking pretty and has now gone full ‘knife through butter’ at that magical 3000 mark.
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.

Charts in Focus

| 50Pips
“Stopping out of a position may give the appearance of defeat, but it is not meant to necessarily signal total defeat. While others may see it that way, you must never be fooled. Stopping out of losing positions is the only sure way to maintain survival in difficult conflicts and to achieve the complete victory that is your aim. To learn how to live to fight another day is the best advice that all traders can be given. Not only is it the smart thing to do, but in the long run, the prevention of injury will act as a major building block of total victory. The warrior trader retreats not just to fight another day, but to fight a better day.” – Clifford Bennett
Here are some of the charts we will be 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.
Wishing you a great day ahead.