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

Over recent weeks we have noted a further deterioration of US breadth/internals on the back of a weaker tech and overall leadership shifting as defensive pick up some of the slack and small caps have done most of the heavy lifting breadth wise. We now see deeper cracks in stocks trading above their 50 day and 200 day moving averages (dma) which means more stocks are entering a bear trend if they continue to trade below their 200 dma.Here we look at NYSE new highs, advance/decline line and stocks…

Over recent weeks we have noted a further deterioration of US breadth/internals on the back of a weaker tech and overall leadership shifting as defensive pick up some of the slack and small caps have done most of the heavy lifting breadth wise. We now see deeper cracks in stocks trading above their 50 day and 200 day moving averages (dma) which means more stocks are entering a bear trend if they continue to trade below their 200 dma.Here we look at NYSE new highs, advance/decline line and stocks…

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. 

The markets’ response to the February sell-off has been poor, producing in many cases what looks like a bear market rally.  Europe in particular contains a number of toppy patterns, which have begun to break downwards, and the sharp drop in the FANG stocks could also be part of top-building.  We came into 2018 looking for the end of the post-2009 bull market, and a number of indices are signalling just that.

The markets’ response to the February sell-off has been poor, producing in many cases what looks like a bear market rally.  Europe in particular contains a number of toppy patterns, which have begun to break downwards, and the sharp drop in the FANG stocks could also be part of top-building.  We came into 2018 looking for the end of the post-2009 bull market, and a number of indices are signalling just that.

S&P 500: A Dozen Reasons for Not Being Too Complacent Here

Nasdaq-100 Stock Index / Technical Analysis

<figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/048/281/original/CP%20header.jpg?1522122058" data-smartkarma-image-id="48281"></figure>In our macro weekend edition we outlined a tactical bounce level from S&amp;P 2,600-2,590.S&amp;P - 2,660 was sliced through but the primary support lies at 2,600-2,590. Below the later would seek out a new low near 2,450. Near term we see at least a tactical bounce from the lower 2,600 region with fresh resistance now at 2,660 and bigger resistance at 2,688 (then rolls over again).DJI - Triangle support break was a game changer and implies we try for a new chart low near sub 23k but near term we are…

In our macro weekend edition we outlined a tactical bounce level from S&amp;P 2,600-2,590.S&amp;P - 2,660 was sliced through but the primary support lies at 2,600-2,590. Below the later would seek out a new low near 2,450. Near term we see at least a tactical bounce from the lower 2,600 region with fresh resistance now at 2,660 and bigger resistance at 2,688 (then rolls over again).DJI - Triangle support break was a game changer and implies we try for a new chart low near sub 23k but near term we are…

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Macroeconomics

<ul>
<li>I’ve been in Asia seeing clients - the latest US tariffs were well flagged but coming amid weakening cyclical data and a spike in interbank rates pushed the ACWI to test the February lows.</li>
<li>China has long been gaming the global trade/FDI system and a US response was overdue, even if tariffs are a crude tool – Trump is calling Beijing’s bluff to rebalance the relationship.</li>
<li>Germany and Japan as high beta global trade exposed markets have been hit hard, but the ‘trade war’ talk looks overblown – a…</li>
</ul>


I’ve been in Asia seeing clients - the latest US tariffs were well flagged but coming amid weakening cyclical data and a spike in interbank rates pushed the ACWI to test the February lows.
China has long been gaming the global trade/FDI system and a US response was overdue, even if tariffs are a crude tool – Trump is calling Beijing’s bluff to rebalance the relationship.
Germany and Japan as high beta global trade exposed markets have been hit hard, but the ‘trade war’ talk looks overblown – a…


Trump’s ‘Art of the Deal’ Versus Sun Tzu’s ‘Art of War’…

Meta Platforms (Facebook) / Technical Analysis

We were asked of Facebook during the week: Is it the first brick in the edifice to begin falling?It looks like it, given the recently-completed Head-and-Shoulders top pattern, which has a minimum measuring target at $148 (nearer $140 intra-day).  The negation level on that is $186.15, the top of the second shoulder.A drop as low as $140 would also break the 5-year uptrend.The FANG Index is also quite vulnerable, having recently tested its two-year semi-log trend resistance line. Trend and moving…

We were asked of Facebook during the week: Is it the first brick in the edifice to begin falling?It looks like it, given the recently-completed Head-and-Shoulders top pattern, which has a minimum measuring target at $148 (nearer $140 intra-day).  The negation level on that is $186.15, the top of the second shoulder.A drop as low as $140 would also break the 5-year uptrend.The FANG Index is also quite vulnerable, having recently tested its two-year semi-log trend resistance line. Trend and moving…

NASDAQ 100: Facebook Is the First Crack in the Wall, and Headed for 148 Minimum

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)

US Equity Weak Internals

Over recent weeks we have noted a further deterioration of US breadth/internals on the back of a weaker tech and overall leadership shifting as...

Thomas Schroeder

S&P 500: A Dozen Reasons for Not Being Too Complacent Here

The markets’ response to the February sell-off has been poor, producing in many cases what looks like a bear market rally. Europe in particular...

Peter Beuttell

Next Fade Trade in Tech

In our macro weekend edition we outlined a tactical bounce level from S&P 2,600-2,590.S&P - 2,660 was sliced through but the primary...

Thomas Schroeder

Trump’s ‘Art of the Deal’ Versus Sun Tzu’s ‘Art of War’…

I’ve been in Asia seeing clients - the latest US tariffs were well flagged but coming amid weakening cyclical data and a spike in interbank rates...

Sean Maher

NASDAQ 100: Facebook Is the First Crack in the Wall, and Headed for 148 Minimum

We were asked of Facebook during the week: Is it the first brick in the edifice to begin falling?It looks like it, given the recently-completed...

Peter Beuttell