Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> remains on the backfoot with lower highs and lower lows in line with our short tranches that began at 30,100, 29,300 and more recently at 28,800 resistance. Our washout target remains at 27,000 with lower wedge support the ideal buy zone near 26,300 but would take an SPX wobble in August to achieve.The ongoing bull wedge is due to mature.A minor new index low and a non confirmation in the MACD (no new low) would form bull divergence and the setup for a fresh macro rally phase.Macro favors buying new lows in coming weeks.

Nikkei 225 (NKY INDEX) remains on the backfoot with lower highs and lower lows in line with our short tranches that began at 30,100, 29,300 and more recently at 28,800 resistance. Our washout target remains at 27,000 with lower wedge support the ideal buy zone near 26,300 but would take an SPX wobble in August to achieve.The ongoing bull wedge is due to mature.A minor new index low and a non confirmation in the MACD (no new low) would form bull divergence and the setup for a fresh macro rally phase.Macro favors buying new lows in coming weeks.

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

The picture unfolding on the Nikkei 225 since February generally warned of a mean reverting move down to the 200-day moving average. Now that target has been met, we see a decent setup emerging that argues for a rally not only to the February high but also beyond.

The picture unfolding on the Nikkei 225 since February generally warned of a mean reverting move down to the 200-day moving average. Now that target has been met, we see a decent setup emerging that argues for a rally not only to the February high but also beyond.

Nikkei 225: Target Met, Now Time for a Rally

<a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> is one of our higher conviction short bets from under 29,600 trendline resistance and added to our higher level shorts at 29,400.Base case calls for a July low near lower wedge support near 26,200 and a must hold level (for bull cycle to remain intact). We like shorting a bounce in the next day or two with fresh sell resistance well defined.Nikkei trendline resistance and lower wedge support will dominate trade in coming weeks. Daily MACD bear turn warns of further weakness.

Nikkei 225 (NKY INDEX) is one of our higher conviction short bets from under 29,600 trendline resistance and added to our higher level shorts at 29,400.Base case calls for a July low near lower wedge support near 26,200 and a must hold level (for bull cycle to remain intact). We like shorting a bounce in the next day or two with fresh sell resistance well defined.Nikkei trendline resistance and lower wedge support will dominate trade in coming weeks. Daily MACD bear turn warns of further weakness.

Nikkei July Bear Target Where the Bull Cycle Resumes

FTSE China A50 Index / Technical Analysis

SPX 4,180 is pivot support for the US cycle and risk inflections in Europe and Asia.  Backing off of 4,205 projection with risk of profit taking ahead of the long weekend is the game plan. RTY and DJI favored shorts with NDX the stronger horse to buy a pullback.A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target.Asia short conviction in Japan, Taiwan and Korea.Europe is teetering at DAX and SX5E dual highs for a break or harder pullback sequence with the later favored. DAX is already showing signs of a top failure and typically leads the Eurostoxx 50. MIB is our focus short at 25k. European banks are the sleeper short for a crowded positioning shakeout.

SPX 4,180 is pivot support for the US cycle and risk inflections in Europe and Asia.  Backing off of 4,205 projection with risk of profit taking ahead of the long weekend is the game plan. RTY and DJI favored shorts with NDX the stronger horse to buy a pullback.A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target.Asia short conviction in Japan, Taiwan and Korea.Europe is teetering at DAX and SX5E dual highs for a break or harder pullback sequence with the later favored. DAX is already showing signs of a top failure and typically leads the Eurostoxx 50. MIB is our focus short at 25k. European banks are the sleeper short for a crowded positioning shakeout.

Trade Levels in Asia and the Risk Pivot in SPX

The bounce back in the Nikkei 225 earlier this week might have initially looked 'constructive'However, judging from where it has so far stalled, the downside target of the 26,300-26,500 area still seems to be the danger in this environment. Refreshed chart below...

The bounce back in the Nikkei 225 earlier this week might have initially looked 'constructive'However, judging from where it has so far stalled, the downside target of the 26,300-26,500 area still seems to be the danger in this environment. Refreshed chart below...

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

Nikkei Short Update/Macro Long Entry

Nikkei 225 (NKY INDEX) remains on the backfoot with lower highs and lower lows in line with our short tranches. Our target remains at 27,000 with...

Thomas Schroeder

Nikkei 225: Target Met, Now Time for a Rally

The downside target on the Nikkei 225 has been met., Now we are forming a bullish pattern that could argue for new trend highs.

Shyam Devani

Nikkei July Bear Target Where the Bull Cycle Resumes

Nikkei 225 (NKY INDEX) is one of our higher conviction short bets from under 29,600 trendline resistance and added to our higher level shorts at...

Thomas Schroeder

Trade Levels in Asia and the Risk Pivot in SPX

A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target. SPX...

Thomas Schroeder

Nikkei 225 Fails at the Sell Zone

The rebound on the Nikkei earlier this week seems to have given a fresh opportunity to sell as we stall at the 28,300 pivot / sell zone

Shyam Devani