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

iShares MSCI Emerging Markets / Technical Analysis

Brexit casts a more bearish shadow in line with our macro structures and turns the bias back to risk off.Central bankers are bound to come out with a sign of solidarity and a liquidity program (banking liquidity, accommodative policy and possible coordinated FX intervention).  Market upside reactions will be used to add to short exposure in Asia and the US and try to get better levels to short Europe.We will try to keep it to the point in this issue focusing on uptick risk, short levels and ST downside swing targets until ripples subside in July (early to mid-July cycle low expected).FX – GBP 1.39+ is the area to short barring intervention which would raise it marginally above 1.41. Euro 1.12 is now resistance. CAD 1.29 was our action level. Buy USD on dips versus EM FX.Europe – Waiting for CB liquidity announcement to drive a bounce to re short Euro banks, CAC and Italy. Eurostoxx 50 2,510 is our macro turn zone.S&amp;P – Call to short above 2,050 (short from 2,055). 1,980 is reaction support. MT bear target at 1,850/20 in July.Short Oil/Russia/CAD – This is still a theme we want to re set at Russia 910-20 and CAD 1.29 and 1.28. Looking to add back to Brent short near 49.50-50 or on breakdown out of hourly triangle.EEM third rejection under 35 is a big inflection for the macro trend. Brexit now implies a break below the 30.50 pivot support, targeting 27.50 for a macro buy.Short Japan – Shorted at 16,730. USD/JPY short squared at 101.50 and re cycled above 103. Nikkei 14,000 is our macro turn target.CNH – Added to USD long at 6.58 on June 22. Clearing 6.62 opens the way to 6.70. 7.0 macro target.Asia shorts – Short Australia. Korea shorted at 246.50. Short HK property. Taiwan short from 8,610. Shorting H shares into strength.Asia longs – India long from Nifty 7,752 (coved short hedge at 7,950). HSI 20,340 long cut loss at 20,250. SEC long from 1.36m under scrutiny. Thailand SET 50 906 long is a relative buffer/exit.Cycles - Summer fallout on track as macro chart postures did align nicely with Brexit and our June 23 capitulation cycle that sets the stage for major chart lows/macro bull turn between June 30 - July 7-12.

Brexit casts a more bearish shadow in line with our macro structures and turns the bias back to risk off.Central bankers are bound to come out with a sign of solidarity and a liquidity program (banking liquidity, accommodative policy and possible coordinated FX intervention).  Market upside reactions will be used to add to short exposure in Asia and the US and try to get better levels to short Europe.We will try to keep it to the point in this issue focusing on uptick risk, short levels and ST downside swing targets until ripples subside in July (early to mid-July cycle low expected).FX – GBP 1.39+ is the area to short barring intervention which would raise it marginally above 1.41. Euro 1.12 is now resistance. CAD 1.29 was our action level. Buy USD on dips versus EM FX.Europe – Waiting for CB liquidity announcement to drive a bounce to re short Euro banks, CAC and Italy. Eurostoxx 50 2,510 is our macro turn zone.S&amp;P – Call to short above 2,050 (short from 2,055). 1,980 is reaction support. MT bear target at 1,850/20 in July.Short Oil/Russia/CAD – This is still a theme we want to re set at Russia 910-20 and CAD 1.29 and 1.28. Looking to add back to Brent short near 49.50-50 or on breakdown out of hourly triangle.EEM third rejection under 35 is a big inflection for the macro trend. Brexit now implies a break below the 30.50 pivot support, targeting 27.50 for a macro buy.Short Japan – Shorted at 16,730. USD/JPY short squared at 101.50 and re cycled above 103. Nikkei 14,000 is our macro turn target.CNH – Added to USD long at 6.58 on June 22. Clearing 6.62 opens the way to 6.70. 7.0 macro target.Asia shorts – Short Australia. Korea shorted at 246.50. Short HK property. Taiwan short from 8,610. Shorting H shares into strength.Asia longs – India long from Nifty 7,752 (coved short hedge at 7,950). HSI 20,340 long cut loss at 20,250. SEC long from 1.36m under scrutiny. Thailand SET 50 906 long is a relative buffer/exit.Cycles - Summer fallout on track as macro chart postures did align nicely with Brexit and our June 23 capitulation cycle that sets the stage for major chart lows/macro bull turn between June 30 - July 7-12. 

iShares MSCI Emerging Markets

Brexit Fallout and July Low