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.

Charts of the Day

“There’s a big difference between probability and outcome. Probable things fail to happen-and improbable things happen-all the time.” – Howard Marks
Key week shaping up as we continue to hold key inflection points across the board. China came back from golden week and as expected, markets are trading heavy. Japan came back from the bank holiday and as expected, markets continue to trade heavy and today we’ll have to see what the Bonds do following Columbus Day. All-in-all we would expect to see a bit of a pause across the board but untimely, more follow-though to come in.
Make sure you check out out latest Weekly Outlook Video. We covered and referenced a lot…
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/

Some Charts for the Week

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 week ahead.

Chart of the Day

“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

“I’m not hunting a jaguar that’s sitting in the tree because there are not a lot of easy ways to rustle it out of the tree. A lot of bad things can happen: The jaguar can attack me and I can fall down and get hurt. But if someone shoots the Jaguar out of the tree and the thing hits the ground and is injured I will go after it.” – Marc Cohodes
Today we’ll be focusing on discussing and updating our outlook/swings on one of the most important relationships we should be keeping an eye out on: GC and Yen.
As discussed on twitter, in terms of broader context, remember what we have on the calendar next week on top of the usual data release > UK parliament Brexit vote, Trump meeting with Kim (not Kanye’s wife), FOMC, ECB, BOJ…
If you missed our latest video update, you can see it here > Weekly Outlook.
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

“The gap between what you say and what you do, between what you promise and what you deliver, is like a drain in the road. The drain is where water escapes, just as your power will seep away if there is a difference between your words and your actions. Ask yourself everyday, were your thoughts, words and actions aligned? Ask someone else what they saw in you too. Feedback is the food of all positive change.” – bkwsu.org
No big change to the key market drivers we are keeping on our radar, we discussed these in our Weekly Outlook Video. Post FOMC, it’s always a bit tricky as the market has to settle and find its way around previous day range. If we had to focus on one key chart, then that would have to the USDJPY weekly. We’ll be discussing this in detail today along with other key developments and changes in our chart-book.

Thanks to all those that voted in the poll yesterday. Talk about being off them Mark; I was convinced that early morning audio updates were a good way to set-up the day but apparently, readers were not fans. We’ll focus on text/charts and video updates from now 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.
Wishing you a great day ahead.

All about the Fed

“For better or worse we’re a herd leader. We’re at the front of the pack, we are one of the first movers. First movers are interesting, you get to the good grass first, or sometimes the lion eats you.” – David Tepper
If you missed our latest video updates > Weekly Outlook Video & NQ Update.
Today we are going to review and discuss the latest bond moves and what they mean for the broader market and the usd complex. Here are some of the key charts we are focused on at the moment:
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.

FX Overview

“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 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.