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

Europe was our long over the US but we locked in Eurostoxx 50 gains Friday but kept our bank long. We locked in Nikkei gains as well.USD – SPX correlation implies the Euro is rising in anticipation of an S&amp;P top. A stronger Euro will sap strength from European equities.We squared long dollar positions on March 1-2 to lock in gains (GBP and KRW), took a 1% loss in the AUD. SGD hit our 1.3980 trailing stop (1.39 SGD short).Delve into Euro/GBP topping process and the LT Euro bias toward sub parity. AUD, copper and oil bull positioning our core theme in coming weeks.Emerging markets are out performing given the weaker dollar call and strong metals/energy bias which is our March risk on focus. We see more strength in this play into late March while DM’s will peak mid-March. Our base called for a risk on cycle from February 11 into March. April may very well see a sideways grind before the next major down leg into the summer months where we see a major buying opportunity.EEM is cruising past our 32 target amid a weaker USD and fear of missing an EM rise. Our theme has been to buy energy and materials plays on the back of WTI’s move above 34 and copper’s explosive breakout above 214 targeting 238 (then the EM rally will be complete). Copper’s move above 214 was the game changer and why we placed so much importance on that level.Asia longs: Sold Nikkei at 17,000 for a 7% gain. Buy Japan energy and steel sectors on a dip. Long India banks (up a nice 13.50%). Long energy/materials theme (BHP, FCX). Buying H shares on a dip. Copper rally is bullish for China/HK. Taiwan add support at 8,400. Indonesia rally from buy support at 4,650 targets 4,950. Korea buy support at 236-237.Asia shorts: Thailand at 1,340 and looking to add. Will re short Malaysia once the MYR hits 4.05.Cycle – March 8th is a slated turn date for gold and equities but may be part of a bigger equity topping sequence that unfolds into mid-March with EM’s and commodity themes running higher into April (which represents a bigger turn cycle).

Europe was our long over the US but we locked in Eurostoxx 50 gains Friday but kept our bank long. We locked in Nikkei gains as well.USD – SPX correlation implies the Euro is rising in anticipation of an S&amp;P top. A stronger Euro will sap strength from European equities.We squared long dollar positions on March 1-2 to lock in gains (GBP and KRW), took a 1% loss in the AUD. SGD hit our 1.3980 trailing stop (1.39 SGD short).Delve into Euro/GBP topping process and the LT Euro bias toward sub parity. AUD, copper and oil bull positioning our core theme in coming weeks.Emerging markets are out performing given the weaker dollar call and strong metals/energy bias which is our March risk on focus. We see more strength in this play into late March while DM’s will peak mid-March. Our base called for a risk on cycle from February 11 into March. April may very well see a sideways grind before the next major down leg into the summer months where we see a major buying opportunity.EEM is cruising past our 32 target amid a weaker USD and fear of missing an EM rise. Our theme has been to buy energy and materials plays on the back of WTI’s move above 34 and copper’s explosive breakout above 214 targeting 238 (then the EM rally will be complete). Copper’s move above 214 was the game changer and why we placed so much importance on that level.Asia longs: Sold Nikkei at 17,000 for a 7% gain. Buy Japan energy and steel sectors on a dip. Long India banks (up a nice 13.50%). Long energy/materials theme (BHP, FCX). Buying H shares on a dip. Copper rally is bullish for China/HK. Taiwan add support at 8,400. Indonesia rally from buy support at 4,650 targets 4,950. Korea buy support at 236-237.Asia shorts: Thailand at 1,340 and looking to add. Will re short Malaysia once the MYR hits 4.05.Cycle – March 8th is a slated turn date for gold and equities but may be part of a bigger equity topping sequence that unfolds into mid-March with EM’s and commodity themes running higher into April (which represents a bigger turn cycle).

<a href="http://www.screencast.com/t/mxK3sCSR" target="_blank">Our view for a zig zag uptick sequence has not changed and counting on a secondary low in the S&amp;P and oil to provide support for a final uptick attempt later this week/early next week before the bear cycle resumes. Difficult to trade 2 day swings. We are allowing for a 2-3 day draw down followed by a final push up next week to re cycle shorts.</a><div>
<a href="http://www.screencast.com/t/mxK3sCSR" target="_blank">We look at support points in our long Nikkei (17,600 rally target) and Taiwan (8,000 trendline and sliding) with a smaller bet in Thailand (1,300+ to exit</a>…</div>

Our view for a zig zag uptick sequence has not changed and counting on a secondary low in the S&amp;P and oil to provide support for a final uptick attempt later this week/early next week before the bear cycle resumes. Difficult to trade 2 day swings. We are allowing for a 2-3 day draw down followed by a final push up next week to re cycle shorts.
We look at support points in our long Nikkei (17,600 rally target) and Taiwan (8,000 trendline and sliding) with a smaller bet in Thailand (1,300+ to exit…

Taiwan

Formosa Petrochemical Corp. refines crude oil and markets petroleum and petrochemical products.  The Company operates refineries and naphtha cracking plants that provide products such as gasoline, diesel, jet fuel, fuel oil, naphtha, ethylene, and liquefied petroleum gas.  FPCC also owns three utility centers and generates electricity.

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Formosa Petrochemical (6505 TT)

March DM Dip/Peak as EM's/Copper Perform

Europe was our long over the US but we locked in Eurostoxx 50 gains Friday but kept our bank long. We locked in Nikkei gains as well.USD – SPX...

Thomas Schroeder

Asia into Next Week

Our view for a zig zag uptick sequence has not changed and counting on a secondary low in the S&P and oil to provide support for a final uptick...

Thomas Schroeder

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