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

FTSE China A50 Index / Technical Analysis

A50 breakout thrust is a key bull trigger after forming a triple low. 15,500 was the barrier to clear representing a breakout from the triangle range.Shanghai composite does not mirror this breakout as of yet.RSI is pushing above trend resistance and a level that needs to stick.MACD need to clear trendline resistance to induce a more constructive macro backdrop.There are slow down and liquidity risk headwinds and may make the 16,500 level a fresh short zone after a quick bull push into November.

A50 breakout thrust is a key bull trigger after forming a triple low. 15,500 was the barrier to clear representing a breakout from the triangle range.Shanghai composite does not mirror this breakout as of yet.RSI is pushing above trend resistance and a level that needs to stick.MACD need to clear trendline resistance to induce a more constructive macro backdrop.There are slow down and liquidity risk headwinds and may make the 16,500 level a fresh short zone after a quick bull push into November.

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

The <a href="https://www.smartkarma.com/entities/ftse-china-a50-index" target="_blank" data-smartkarma-citation="entities:22905:1" rel="noopener">FTSE China A50 Index (XIN9I INDEX)</a>(Future) is bouncing back sharply at the start of this week.The price action &amp; setup looks very similar to that seen in May when the pop saw a 6% rally from the breakout level. Something similar again this time?

The FTSE China A50 Index (XIN9I INDEX)(Future) is bouncing back sharply at the start of this week.The price action &amp; setup looks very similar to that seen in May when the pop saw a 6% rally from the breakout level. Something similar again this time?

Silver Point

Thomas J. Monaco

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Crypto

*Recent Disclosures Are Worrisome: The additional disclosures of the stablecoins this past week continue to increase the worries over liquidity, and the systemic risks that they present. Liquidity still remains limited at Tether with potential redemption requests in a tail risk event. However, first time disclosure provided by Circle Internet Financial (Coinbase's partner in offering USD Coin) suggested that reserves were not fully backed by USD; and*Tether Flows: Given the mainland Chinese crackdown, it would appear that investors don't understand Tether’s systemic risks; and/or mainland Chinese-based investors are aggressively moving funds out of the country via this channel prior to it being shut down completely. If  authorities decide the shut the Tether channel over its use for moving large amounts of capital out of mainland China, cryptocurrency market liquidity would essentially dry up as Tether accounts for over 60% of global cryptocurrency daily trading volumes.

*Recent Disclosures Are Worrisome: The additional disclosures of the stablecoins this past week continue to increase the worries over liquidity, and the systemic risks that they present. Liquidity still remains limited at Tether with potential redemption requests in a tail risk event. However, first time disclosure provided by Circle Internet Financial (Coinbase's partner in offering USD Coin) suggested that reserves were not fully backed by USD; and*Tether Flows: Given the mainland Chinese crackdown, it would appear that investors don't understand Tether’s systemic risks; and/or mainland Chinese-based investors are aggressively moving funds out of the country via this channel prior to it being shut down completely. If  authorities decide the shut the Tether channel over its use for moving large amounts of capital out of mainland China, cryptocurrency market liquidity would essentially dry up as Tether accounts for over 60% of global cryptocurrency daily trading volumes. 

Stablecoins - Tether and Coinbase Highlight Liquidity Risks

Price action on Chinese equity markets at the start of this week now raise eyebrows as the FTSE China A50 Index shows clear risk of further losses while the Shanghai Composite is testing pivots.Whether this translates to CNH weakness is not clear.

Price action on Chinese equity markets at the start of this week now raise eyebrows as the FTSE China A50 Index shows clear risk of further losses while the Shanghai Composite is testing pivots.Whether this translates to CNH weakness is not clear. 

SPX 4,180 is pivot support for the US cycle and risk inflections in Europe and Asia.  Backing off of 4,205 projection with risk of profit taking ahead of the long weekend is the game plan. RTY and DJI favored shorts with NDX the stronger horse to buy a pullback.A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target.Asia short conviction in Japan, Taiwan and Korea.Europe is teetering at DAX and SX5E dual highs for a break or harder pullback sequence with the later favored. DAX is already showing signs of a top failure and typically leads the Eurostoxx 50. MIB is our focus short at 25k. European banks are the sleeper short for a crowded positioning shakeout.

SPX 4,180 is pivot support for the US cycle and risk inflections in Europe and Asia.  Backing off of 4,205 projection with risk of profit taking ahead of the long weekend is the game plan. RTY and DJI favored shorts with NDX the stronger horse to buy a pullback.A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target.Asia short conviction in Japan, Taiwan and Korea.Europe is teetering at DAX and SX5E dual highs for a break or harder pullback sequence with the later favored. DAX is already showing signs of a top failure and typically leads the Eurostoxx 50. MIB is our focus short at 25k. European banks are the sleeper short for a crowded positioning shakeout.

Trade Levels in Asia and the Risk Pivot in SPX

China

The FTSE China A50 Index includes the largest 50 A Share Chinese companies by total market cap. 

FTSE China A50 Index (XIN9I INDEX)

A50 Breakout

A50 breakout thrust is a key bull trigger after forming a triple low. 15,500 was the barrier to clear representing a breakout from the triangle range.

Thomas Schroeder

Ready for the China Pop?

The price action & setup on the FTSE China A50 Index is very similar to that seen in May suggesting a decent short term bounce over the coming days

Shyam Devani

Stablecoins - Tether and Coinbase Highlight Liquidity Risks

STABLECOINS: The disclosures by stablecoins this past week continue to increase worries over liquidity. Liquidity remains limited at Tether, and...

Thomas J. Monaco

Chinese Equity Markets: Supports Crack

The FTSE China A50 Index has breached the support zone and is at risk of falling further while the Shanghai Composite is testing important levels....

Shyam Devani

Trade Levels in Asia and the Risk Pivot in SPX

A 50 long from 16,500 and add call above 17,700 is playing out nicely and we outlined dip support ahead of reaching for the 19,000 target. SPX...

Thomas Schroeder