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).

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

In this report, we highlight 39 companies that have announced share buybacks in the past three months (Dec 2015 - Feb 2016) in Korea. We provide our top 9 insights and analysis regarding some of the major factors that are influencing the share buybacks in Korea. 1. Samsung Group is spearheading the entire share buybacks movement in Korea. Of the 39 companies we have identified that are conducting share buybacks in Korea, four of them are related to the Samsung Group, including <a href="https://www.smartkarma.com/entities/191" target="_blank" data-smartkarma-citation="entities:191">Samsung Electronics Co Ltd</a> , <a href="https://www.smartkarma.com/entities/511" target="_blank" data-smartkarma-citation="entities:511">Samsung Fire &amp; Marine Ins</a> , <a href="https://www.smartkarma.com/entities/512" target="_blank" data-smartkarma-citation="entities:512">Samsung Securities Co Ltd</a> , and <a href="https://www.smartkarma.com/entities/107" target="_blank" data-smartkarma-citation="entities:107">Hotel Shilla Co Ltd</a> . The total amount of share buybacks that were announced by these four Samsung affiliated companies in the past three months were 3.4 trillion won, representing 84% of the total share buybacks amount of the 39 companies in our list. We believe that the Samsung Group is accelerating its efforts to improve corporate governance (through measures such as share buybacks), faster than some of the other chaebols in Korea. 2. More companies that are buying back shares in Korea are also CANCELLING THEM. of the 39 companies in our list, eight of them (including <a href="https://www.smartkarma.com/entities/191" target="_blank" data-smartkarma-citation="entities:191">Samsung Electronics Co Ltd</a>,) are cancelling their shares. Historically, most Korean companies refused to cancel their shares after completing share buyback. 3. In general, the companies that have been cancelling their shares that they are buying back (eight companies we mentioned in #2) have been outperforming the market.  4. A less well known, medium sized Korean group competing in the specialty chemical sector called Miwon (including <a href="https://www.smartkarma.com/entities/18109" target="_blank" data-smartkarma-citation="entities:18109">Miwon Chemicals Co Ltd</a> , <a href="https://www.smartkarma.com/entities/5404" target="_blank" data-smartkarma-citation="entities:5404">Miwon Specialty Chemical Co</a> , and <a href="https://www.smartkarma.com/entities/13416" target="_blank" data-smartkarma-citation="entities:13416">Miwon Commercial Co Ltd</a> ) have been aggressively buying back shares and cancelling them boosting shareholder value.

In this report, we highlight 39 companies that have announced share buybacks in the past three months (Dec 2015 - Feb 2016) in Korea. We provide our top 9 insights and analysis regarding some of the major factors that are influencing the share buybacks in Korea. 1. Samsung Group is spearheading the entire share buybacks movement in Korea. Of the 39 companies we have identified that are conducting share buybacks in Korea, four of them are related to the Samsung Group, including Samsung Electronics Co Ltd , Samsung Fire &amp; Marine Ins , Samsung Securities Co Ltd , and Hotel Shilla Co Ltd . The total amount of share buybacks that were announced by these four Samsung affiliated companies in the past three months were 3.4 trillion won, representing 84% of the total share buybacks amount of the 39 companies in our list. We believe that the Samsung Group is accelerating its efforts to improve corporate governance (through measures such as share buybacks), faster than some of the other chaebols in Korea. 2. More companies that are buying back shares in Korea are also CANCELLING THEM. of the 39 companies in our list, eight of them (including Samsung Electronics Co Ltd,) are cancelling their shares. Historically, most Korean companies refused to cancel their shares after completing share buyback. 3. In general, the companies that have been cancelling their shares that they are buying back (eight companies we mentioned in #2) have been outperforming the market.  4. A less well known, medium sized Korean group competing in the specialty chemical sector called Miwon (including Miwon Chemicals Co Ltd , Miwon Specialty Chemical Co , and Miwon Commercial Co Ltd ) have been aggressively buying back shares and cancelling them boosting shareholder value.

South Korea

Lotte Chemical Corporation manufactures a wide range of petrochemical products such as high density polyethylene, polypropylene, and ethylene glycol. The Company's products are used in manufacturing general housewares, pipes, films, fabrics, bottles, containers, and automotive parts.

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Lotte Chemical (011170 KS)

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

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52-week Range

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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

Share Buybacks in Korea - Top 9 Insights

In this report, we highlight 39 companies that have announced share buybacks in the past three months (Dec 2015 - Feb 2016) in Korea. We provide...

Douglas Kim