vix

Ignore the Circus, Focus on the Levels

| 50Pips
“As long as we continue to learn, welcome new ideas and ways of doing things, and continually expand our understanding of ourselves and the world around us, then we are engaging in the ultimate creativity of the self.” – 365 Tao: Daily Meditations
The talking heads will always find a way to spin the narrative and focus on the ‘why’. We are a lot more interested on the ‘what’ or ‘where’; as traders, we understand that markets are forward looking and that it is a lot more productive to focus on ‘what’ price is doing and ‘a what price (where)’ it is doing it.
The levels discussed in our Weely Outlook Video and in our Morning Call remain largely unchanged and as usual, we will update this on Sunday.
Chart of the day: VIX is finally starting to wake up…

If you are interested in attending a 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.

Auntie Yellen in Da House

| 50Pips
“In music, the fundamental tone is the lowest, or root, tone of a chord.  Without its presence, no true character is established.  Our actions in life are as similarly varied and complex as music.  Without a thorough grounding, there is no harmony… Everyone wants to be daring, creative, and original.  Everyone wants to do things in new ways.  But unless we return over and over again to the basics, we will have no chance to truly soar.  Do not forget the root.  Without it, we can never issue forth true power.” – 365 Tao: Daily Meditations
As discussed in our Weely Outlook Video , for a longer term perspective, we remained focused on where price will close this week and how the action is contributing to monthly developments in the charts. There have been quite a few decent intraday opportunities so far this week but we must not forget that we are at what could end up being a key inflection point and this is why we are so focused on the bigger picture. As usual, we work very hard at simply interpreting what price is telling us and factoring that into the current context without having any particular bias. Naturally, this is easier said than done but we feel that we do a pretty good job at staying neutral.
We’ll leave you with a few updated charts to scan while we wait for the long awaited March FOMC release:

If you are interested in attending a 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.

 

Morning Roundup

| 50Pips
“Very often a change of self is needed more than a change of scene.”
– Arthur Christopher Benson
If you missed out latest weekly outlook , you can access it here > Video Outlook
The main focus for today will be to see how equity flows move following the low liquidity holiday ramp. Attached are the two main swing charts we have been discussing.

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