Not Out Of The Woods; SPX Back Above The 200-Day MA; Growth Catching A Bid; Buying Energy, Biotech

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>SPX rally call to 4,600 was in line and turned south 15 points shy of this resistance. A fresh bounce cycle is warming that will set up a bigger short.</li>
<li>4,465 first res to watch for an early fade with 4,510 the bigger level to cap/sell. 4,600 is now firm resistance.</li>
<li>RTY was added to our short lies at 2,100. NDX remains a top short pick.</li>
</ul>


SPX rally call to 4,600 was in line and turned south 15 points shy of this resistance. A fresh bounce cycle is warming that will set up a bigger short.
4,465 first res to watch for an early fade with 4,510 the bigger level to cap/sell. 4,600 is now firm resistance.
RTY was added to our short lies at 2,100. NDX remains a top short pick.


S&P 500 INDEX

SPX 4,600 Cap Did the Trick