Chart of the Day

Chart of the Day

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” Mark Twain
So Jeff Bezos adds a cool 67 Billion, yes with a ‘B’, to his net worth in 2018 alone as Amazon keeps on moving to new highs. No matter how you look at it, if you stop and think, this is really incredible; history is being made and we are witnessing a truly incredible bull run with Amazon and Apple leading the way. We have talked about this before and as long as these two generals don’t show weakness, it is going to be very hard for the market to correct in any meaningful way.
As discussed in our latest Outlook Video, this is going to be a key week for the USD, especially with mounting pressures in EM. Don’t forget ongoing event risk from Washington, China and NAFTA headlines.
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.