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

Dow Jones Industrial Average / Technical Analysis

We spend a good deal of time pouring over patterns in the S&amp;P and top sectors but tend to not view the Dow Jones as a primary driver but rather a counter measure confirmation signal to the S&amp;P. We now have a high conviction pattern with well defined breakout in the DJI to work with post going into and out of the FOMC. The market interpretation of the FOMC statement with shape the bias and force a breakout of the DJI pattern that has been contracting.NDX and S&amp;P charts illustrate the relative…

We spend a good deal of time pouring over patterns in the S&amp;P and top sectors but tend to not view the Dow Jones as a primary driver but rather a counter measure confirmation signal to the S&amp;P. We now have a high conviction pattern with well defined breakout in the DJI to work with post going into and out of the FOMC. The market interpretation of the FOMC statement with shape the bias and force a breakout of the DJI pattern that has been contracting.NDX and S&amp;P charts illustrate the relative…

This Index Will Make or Break the Global Cycle Post FOMC

Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

In "A 120-year History of Extreme Momentum" I looked at when similar momentum readings to January's had occurred, particularly in relation to previous bear market lows, and speculated that we have been witnessing a buying climax, or upwards crash.Another indicator is signalling crash-like conditions, hence the headline. ADX is a measure of Trend Strength (first chart; note that it does not differentiate between up- and downtrends, only their intensity), and only twice since its inception has the…

In "A 120-year History of Extreme Momentum" I looked at when similar momentum readings to January's had occurred, particularly in relation to previous bear market lows, and speculated that we have been witnessing a buying climax, or upwards crash.Another indicator is signalling crash-like conditions, hence the headline. ADX is a measure of Trend Strength (first chart; note that it does not differentiate between up- and downtrends, only their intensity), and only twice since its inception has the…

S&P 500: Is This the 2008 Crash in Reverse?

Nasdaq-100 Stock Index / Technical Analysis

And if not, it's in "extra time", and increasingly risky to play.For the last 18 months, it has been clear that NASDAQ 100 was in a 5th wave, and the final phase of the bull market which began in 2002.  Last week it hit not only the highest of our targets, but also produced an Elliott wave count which clearly meets the minimum requirements for a bull market pattern to be complete.  Our Global Markets Review moved to TAKE SOME PROFITS in Friday's edition.That pattern completion is analogous to a…

And if not, it's in "extra time", and increasingly risky to play.For the last 18 months, it has been clear that NASDAQ 100 was in a 5th wave, and the final phase of the bull market which began in 2002.  Last week it hit not only the highest of our targets, but also produced an Elliott wave count which clearly meets the minimum requirements for a bull market pattern to be complete.  Our Global Markets Review moved to TAKE SOME PROFITS in Friday's edition.That pattern completion is analogous to a…

<div style="text-align: left;">S&amp;P Jan sequence and action points</div><div style="text-align: left;"> </div>Our base case called for a strong start to January (Q4 melt up call into Q1) and then a stall cycle around mid-January (11th or the 14th ideally). Here way lay out ST upside projections and where to put on some protection and our pullback buy support targets. This sequence will shape risk in Asia as EEM pushes to key resistance at 50.50.Our NDX ST target comes in at 6,720. SOX is poised for new highs but may stall near 1,340-50 and then follow through with a…

S&amp;P Jan sequence and action points Our base case called for a strong start to January (Q4 melt up call into Q1) and then a stall cycle around mid-January (11th or the 14th ideally). Here way lay out ST upside projections and where to put on some protection and our pullback buy support targets. This sequence will shape risk in Asia as EEM pushes to key resistance at 50.50.Our NDX ST target comes in at 6,720. SOX is poised for new highs but may stall near 1,340-50 and then follow through with a…

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&amp;P.  The pattern off that 2002 low now counts as a 5-wave bull market which is in its very late stages, and NASDAQ 100 hit a major target on Friday at 6,642, leaving final objectives at 6,737-6,756, so all classic/textbook levels have been achieved, or close.  Measures of internal strength have dropped to zones which coincided with the 2007, 2011 and 2015 topping zones.Market tops tend to be lengthy affairs, and top-building usually brings increased volatility.  If that volatility produces a 5-wave decline in NDX below 6,230, we would regard that as an initial signal of the onset of a major trend change. The coming bear market should carry back to the NDX 3,787-4,180 support zone as a minimum, but it is too early to say whether it will be over by next year, or stretch out into 2021.

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&amp;P.  The pattern off that 2002 low now counts as a 5-wave bull market which is in its very late stages, and NASDAQ 100 hit a major target on Friday at 6,642, leaving final objectives at 6,737-6,756, so all classic/textbook levels have been achieved, or close.  Measures of internal strength have dropped to zones which coincided with the 2007, 2011 and 2015 topping zones.Market tops tend to be lengthy affairs, and top-building usually brings increased volatility.  If that volatility produces a 5-wave decline in NDX below 6,230, we would regard that as an initial signal of the onset of a major trend change. The coming bear market should carry back to the NDX 3,787-4,180 support zone as a minimum, but it is too early to say whether it will be over by next year, or stretch out into 2021.  

NASDAQ 100: The 15-Year Tech Bull Market Is Ending

United States

The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ. No security can have more than a 24% weighting. The index was developed with a base value of 125 as of February 1, 1985. Prior to December 21,1998 the Nasdaq 100 was a cap-weighted index.

Nasdaq-100 Stock Index (NDX INDEX)

This Index Will Make or Break the Global Cycle Post FOMC

We spend a good deal of time pouring over patterns in the S&P and top sectors but tend to not view the Dow Jones as a primary driver but rather...

Thomas Schroeder

S&P 500: Is This the 2008 Crash in Reverse?

In "A 120-year History of Extreme Momentum" I looked at when similar momentum readings to January's had occurred, particularly in relation to...

Peter Beuttell

NASDAQ 100: Game Over?

And if not, it's in "extra time", and increasingly risky to play.For the last 18 months, it has been clear that NASDAQ 100 was in a 5th wave, and...

Peter Beuttell

S&P Jan Fade Sequence, Sell-Buy Levels

S&P Jan sequence and action points Our base case called for a strong start to January (Q4 melt up call into Q1) and then a stall cycle around...

Thomas Schroeder

NASDAQ 100: The 15-Year Tech Bull Market Is Ending

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&P. The pattern off that 2002 low...

Peter Beuttell