BHP Group - A Tale of Two Rebals? Maybe... But Maybe Not

Sticking With Commodity and Defensive Sectors; Buying Coal, Steel, Gold Stocks

Gravity Works As WeWork Doesn't; Now Plan B

Bifurcated Chinese Express Market Developing

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

<ul>
<li>Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break.</li>
<li>Resources plays, base metals, steel, gold and to a lesser extent energy are all seeing mounting sell pressure with impulsive downside moves. Key support breaks will damage breadth.</li>
<li>Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling.</li>
</ul>


Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break.
Resources plays, base metals, steel, gold and to a lesser extent energy are all seeing mounting sell pressure with impulsive downside moves. Key support breaks will damage breadth.
Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling.


Resource/Defensive Shakeout and Pivot Supports

BHP Group Ltd

Resource/Defensive Shakeout and Pivot Supports