I hope the headline didn’t scare you (more on that later)! It's been a busy week but we are hoping you've all had a well deserved break over the weekend.
To begin with, our Checklist process remains reliable as ever in generating ideas for the new week ahead, which I shared with Trading Club members in our weekly video analysis on Wednesday. Here are a couple of the highlights that have been working for us recently.
First up, arguably the world’s most important 'global macro' market - the US dollar. Here you can see the positive score (+1.5) that our Checklist showed at the beginning of the month.
Lastly in currencies, here’s the Canadian Dollar, which also caught our attention as a potential short last week. Note, this chart shows USDCAD, meaning that a rise (fall) is on CAD weakening (strengthening).
Whilst we’ve been spoilt for choice with the number of great setups in FX recently, you’d be wrong to thing that we’ve taken our eye off the ball in other markets. Here you can see our US Equity Checklist for the S&P 500, which (drumroll please…) has in fact presented a negative reading this month, as only our Trading Club members knew prior to sharing this with you now.
With the index down most days this week, we might be seeing the fundamentals beginning to be reflected in the price. As our Club members will know, this setup has required patience over the past couple of weeks, and those who were prepared may well have profited from some of the downside already. Of course, time will tell whether there is further weakness to follow, but for now this is definitely one of the more exciting setups that we are keeping an eye on this month.
I hope you foundthisround up of our ideas generated by our Checklist process insightful. As frequent readers of this blog (and of course, our Trading Club members) will know, this is no ‘flash in the pan’ performance lately. We continue to generate high quality ideas with our process week in, and week out, and make them available to our premium members in real time. There are no BS ‘systems’ that have been backtested to fit irrelevant historic examples, or hiding from the occasional but inevitable surprises that the market seems to throw up – just an honest and proven approach that we employ and teach to students of the Academy. If you would like to join us for our full analysis including new insights each week, or learn from the ground up with online tuition from Lex in our MDT online course, then reach out to us today and take your financial knowledge to the next level right away!
Have a great week,