S&P 500 Testing 3900 Support; Commodities, WTI Crude Oil Topping?; Buying Uranium, Ag Equipment

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

Nasdaq-100 Stock Index / Technical Analysis

<ul>
<li>US bounce in line off of SPX 3,900 support. Index trendline resistances will offer fresh sell points with NDX our top short pick in the US.</li>
<li>RTY was our long pick off of 1,775 support, to trade a bounce toward trendline and will then turn bearish again.</li>
<li>NDX 12,500 zone the fresh short area. DAX and weaker Asia still a high conviction short group.</li>
</ul>


US bounce in line off of SPX 3,900 support. Index trendline resistances will offer fresh sell points with NDX our top short pick in the US.
RTY was our long pick off of 1,775 support, to trade a bounce toward trendline and will then turn bearish again.
NDX 12,500 zone the fresh short area. DAX and weaker Asia still a high conviction short group.


Nasdaq-100 Stock Index

US Fresh Sell Levels