Gold Bullish Follow Through and Macro Inflection Point

SPX Risk of Fallout past September Hinges on Weekly Cycle Momentum

S&P 500 Consolidating Despite Negative Signals

U.S. Equity Strategy: Market Still Susceptible

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

SPX 2,950 will act as the bull/bear line for global risk with Europe and Asian facing tougher overhead hurdles. Treating the SPX breakout as just that with a buy the dips short term stance but upside needs proofing. A break below 2,950 would shift risk back to negative.Rotation out of defensives and into underperform plays (transports, small caps and to a lesser extent banks) is the rotation theme near term. This shift needs sustainability to support a drive above SPX 3,020/50.Gold is backing off of 1,530 macro resistance with a buy the dips strategy near 1,470/50.Asia does shows sticky overhead resistance with some stand out pivot levels that would extend strength. For us to have high confidence in Asia strength we need to see the SPX test and hold 2,950 rally with an impulsive nature. Levels outlined over the weekend remain valid and reiterated here with H shares, Nikkei and Korea all kissing critical resistance points. USD still shows underlying support in Asia which is a key component for an extended counter trend rise.

SPX 2,950 will act as the bull/bear line for global risk with Europe and Asian facing tougher overhead hurdles. Treating the SPX breakout as just that with a buy the dips short term stance but upside needs proofing. A break below 2,950 would shift risk back to negative.Rotation out of defensives and into underperform plays (transports, small caps and to a lesser extent banks) is the rotation theme near term. This shift needs sustainability to support a drive above SPX 3,020/50.Gold is backing off of 1,530 macro resistance with a buy the dips strategy near 1,470/50.Asia does shows sticky overhead resistance with some stand out pivot levels that would extend strength. For us to have high confidence in Asia strength we need to see the SPX test and hold 2,950 rally with an impulsive nature. Levels outlined over the weekend remain valid and reiterated here with H shares, Nikkei and Korea all kissing critical resistance points. USD still shows underlying support in Asia which is a key component for an extended counter trend rise.

Hang Seng China Enterprises Index (HSCEI INDEX)

Korea Stock Exchange Kospi Index (KOSPI INDEX)

Risk Shift, US Under Current Rotation and Asia at Key Resistance Points

S&P 500 INDEX

Risk Shift, US Under Current Rotation and Asia at Key Resistance Points