BBSP Weekly Macro - Markets Correct as Expected

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

Strategic view: Bullish to 2,450 followed by a hard correction of 15% or more.Tactical posture: Buy called at 2,320 for a rise to 2,450 in May/June for a macro crest.Bias: Breadth turning higher in line with our cycle turn call on March 27th. Transports retaking 9,000 pivot is constructive as are financials participating. Small caps chart posture has improved markedly.Our March 27th buy call at S&amp;P 2,320 appears to be on the mark in our turn sequence. Call for breadth to turn positive aligns…

Strategic view: Bullish to 2,450 followed by a hard correction of 15% or more.Tactical posture: Buy called at 2,320 for a rise to 2,450 in May/June for a macro crest.Bias: Breadth turning higher in line with our cycle turn call on March 27th. Transports retaking 9,000 pivot is constructive as are financials participating. Small caps chart posture has improved markedly.Our March 27th buy call at S&amp;P 2,320 appears to be on the mark in our turn sequence. Call for breadth to turn positive aligns…

S&P 500 INDEX

US Internals Improve at Cycle Low