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/

Charts of the Day

“Do not permit the events of your daily life to bind you, but never withdraw yourself from them.” – Zen Proverb
Markets remain in grind higher mode as we wait for the last trading session of the week. There is very little edge in trying to fade these steady grinds, especially into quadruple witching.
Remember that today usually results in one of the most active trading days of the year. Furthermore, we will also see S&P and MSCI proceed to the re-classification/re-categorization of information technology and communications sectors and don’t forget that we usually to see tape bombs hit the wires in the latter part of these Friday sessions.
Could end up being a fairly sporty day…
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.

 

Chart of the Day

“You have to take risks. We will only understand the miracle of life fully when we allow the unexpected to happen.” – Paulo Coelho
More of the same as wait for Mr. Market to sustain a serious move in either direction.
Interesting to note in the o/n session; China comments on them having no interest in currency manipulation and that this would actually be counterproductive. Keep an eye on USDCNH as this has  been a key driver of recent moves, not only in the FX complex but also in the metals. If we continue to see an unwind, especially sub 6.70s, then we could really see GOLD and Commodity currencies get some upside traction.
ICYMI, you can check out our latest Weekly Outlook Video.
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

“Have you ever had that moment when you looked back on something and said, ‘Well, gosh, that seems obvious now… why didn’t I see it then?’ I like to call this the Face Palm Epiphany. Oh, hindsight, you magical, humbling thing.” – Alethea Konti
A lot of moving parts today as we head into this GDP print and the end of the week.
Here are the key charts we will be reviewing and 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.

Chart of the Day

“Body is visible in a mirror. But character is visible in actions.” – bkwsu.org
Apart from the open in tech and the recent shenanigans in USDCNH, don’t forget to keep an eye on the bonds as we move into the busy part of the week in terms of the economic calendar.
As we have been discussing, it will be every interesting to see how we trade into the end of the month with the likely tug-of-war between earnings ramps and upcoming QT, basically the reduction in the Federal Reserve System Open Market Account (SOMA).
Sorry but unfortunately, still no way of posting a weekly outlook video due to the fact that I am still struggling with my voice. Fingers crossed for next week at the very latest.
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.

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.

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.

Waiting for the Fed

“My lesson from Soros is to start every meeting at my boutique by convincing everyone that we are a bunch of idiots who know nothing and are mistake-prone, but happen to be endowed with the rare privilege of knowing it.” – Nassim Nicholas Taleb
No change from our discussion on equities in the latest Weekly Outlook Video. We are happy to focus on the 50/100/200DMAs on ES and YM, letting them guide us as we wait for the next sustained move.
We continue to believe that Amazon, Netflix, etc… are an accident waiting to happen and that once single name ramps end, everyone is going to be looking back an scratching their heads finally realizing what an extraordinary and unsustainable phenomenon this has been.
Today we wanted to offer up some food for thought with a bigger picture monthly view of this incredibly important cyclical inflection point we are at going into FOMC:
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.