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Core US Sectors Leading an S&P Major Support Break

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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

Short press below S&amp;P 2,600 working well but the pace of the decline warns of a bigger macro bear cycle ahead in 2019.Near term we are moving into oversold territory in core sectors featured in this webcast as the S&amp;P approaches our first key target near 2,350. Given risk of a bounce post Christmas we are placing a tactical reversal target above this level.Support levels to work into are outlined as well as tactical bounce targets. Given key support breaks that macro picture continues to favor shorting rally attempts as our cycle work suggests we see more pain after the New Year.EEM outperform versus the S&amp;P is gaining traction and with a USD roll would see additional fuel.MSCI Asia x Japan perform call over US equities is also taking shape. Buy support targets outlined. If one intends to trade a year-end would licking bounce then Asia/EM's is the space to participate.

Short press below S&amp;P 2,600 working well but the pace of the decline warns of a bigger macro bear cycle ahead in 2019.Near term we are moving into oversold territory in core sectors featured in this webcast as the S&amp;P approaches our first key target near 2,350. Given risk of a bounce post Christmas we are placing a tactical reversal target above this level.Support levels to work into are outlined as well as tactical bounce targets. Given key support breaks that macro picture continues to favor shorting rally attempts as our cycle work suggests we see more pain after the New Year.EEM outperform versus the S&amp;P is gaining traction and with a USD roll would see additional fuel.MSCI Asia x Japan perform call over US equities is also taking shape. Buy support targets outlined. If one intends to trade a year-end would licking bounce then Asia/EM's is the space to participate.

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

MSCI AC Asia Pacific Excluding Japan Index

SPX Tactical Reversal Level for Bounce with Asia/EM's the Perform

S&P 500 INDEX

SPX Tactical Reversal Level for Bounce with Asia/EM's the Perform