U.S. Equity Strategy: Value Is Just Getting Going; S&P 500, Micro-Caps At Support

Gravity Works As WeWork Doesn't; Now Plan B

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

<a href="https://www.smartkarma.com/entities/s-p-500" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 (SPX INDEX)</a> is at a pivotal juncture after cracking micro wedge support at 4,160 on the back of weaker links breaking down (RTY and NDX) while the DJI just put in a lower degree wave 5 top at 35k.After a sharp two session rise we are shorting to measure a give back with pivot supports at DJI 33,100, NDX 13,300 and SPX 4,150 that act as fresh momentum triggers. Holding these levels would induce a meagre upside test on resistance levels to short into.DJI expected to underperform making this a top short bet. Tech and small caps once below pivot support will buckle again.

S&amp;P 500 (SPX INDEX) is at a pivotal juncture after cracking micro wedge support at 4,160 on the back of weaker links breaking down (RTY and NDX) while the DJI just put in a lower degree wave 5 top at 35k.After a sharp two session rise we are shorting to measure a give back with pivot supports at DJI 33,100, NDX 13,300 and SPX 4,150 that act as fresh momentum triggers. Holding these levels would induce a meagre upside test on resistance levels to short into.DJI expected to underperform making this a top short bet. Tech and small caps once below pivot support will buckle again.

Dow Jones Industrial Average (INDU INDEX)

S&P 500 INDEX

Weak Links Did Crack SPX Wedge Support