Commodities & Bonds – The Breaks and the Targets

US 10yr Yield Support Will Define the USD

U.S. Yields Testing Support Ahead Of FOMC Meeting

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

Base case called for a head fake rally that fell just shy of our 4,264 projection as we roll into the more turbulent late June cycle. Slipping back below 4,240 represents a breakout failure and did break some short term support (now resistance on a bounce attempt).Our short focus has been  the DJI  that is showing some breadth and Dow theory red flags by not seeing a minor new high in line with the SPX. Our attention now turns to the NDX at the top of the wedge as the next short play.USD is gaining traction as yields bounced off of key support.A late June wobble and potential tantrum will set the stage for a nice long entry in July.

Base case called for a head fake rally that fell just shy of our 4,264 projection as we roll into the more turbulent late June cycle. Slipping back below 4,240 represents a breakout failure and did break some short term support (now resistance on a bounce attempt).Our short focus has been  the DJI  that is showing some breadth and Dow theory red flags by not seeing a minor new high in line with the SPX. Our attention now turns to the NDX at the top of the wedge as the next short play.USD is gaining traction as yields bounced off of key support.A late June wobble and potential tantrum will set the stage for a nice long entry in July. 

Dow Jones Industrial Average (INDU INDEX)

SPX Breakout Failure and Where to Focus Shorts into Late June Wobble

S&P 500 INDEX

SPX Breakout Failure and Where to Focus Shorts into Late June Wobble