FORUMS BROKERS SOFTWARE
Home
 
    Forums > Technically Speaking > Technical Analysis > The ACD Method

Old Jun 15th, 2012, 02:40 PM   #5881
Maverick74
 
 
Join Date: Mar 2002
Posts: 19,537
Major breakout in the pound vs the dollar.
    Quote
Old Jun 16th, 2012, 04:29 PM   #5882
Shanb
 
 
Join Date: Jun 2011
Posts: 1,107
Gold above Resistance, gold hasnt made an aup since January...this is one to watch as it makes its to the monthly aup!
Attached Images
File Type: png 6-16-gc.png (45.1 KB, 48 views)
    Quote
Old Jun 16th, 2012, 04:36 PM   #5883
Shanb
 
 
Join Date: Jun 2011
Posts: 1,107
UUP hasnt made an monthly a down since last year...this IMO is a big tell.
Attached Images
File Type: png 6-16-uup.png (49.2 KB, 53 views)
    Quote
Old Jun 16th, 2012, 04:48 PM   #5884
Shanb
 
 
Join Date: Jun 2011
Posts: 1,107
So we are in the middle of June and so far the price action in equities has been decent. Bonds have been stubborn and continue hold the monthly a down...that is a key level in a very stubborn market.

There's a decent amount of monthly aups in the sectors I watch. Some notable names, DIA, XLF, XLE, SMH, FCX.

I think this market has held in well this past couple weeks and I think the first few days are key next week and my bias is to the upside.

Take a look at FCX people! No monthly aup since january and this thing is on the verge of breaking its strong downtrend! IMO this will be a leader when we rebound!
Attached Images
File Type: png 6-16-fcx.png (73.6 KB, 70 views)
    Quote
Old Jun 17th, 2012, 04:20 PM   #5885
Maverick74
 
 
Join Date: Mar 2002
Posts: 19,537
Pro bailout party looks like it's going to win this. Euro popping and dollar selling off here. I would be very cautious on any pop we get in the market tonight and tomorrow. I was telling Shan in the office on Friday that I have a somewhat contrarian view on how this could play out. I think the most bullish thing for risk assets is a hard selloff first forcing the liquidation of bad positions. Then a strong rally. If the opposite happens I think it will be very difficult sustaining a rally. That's just my opinion.
    Quote
Old Jun 17th, 2012, 06:01 PM   #5886
Maverick74
 
 
Join Date: Mar 2002
Posts: 19,537
Spoos open up 7, Bonds down a handle and the Euro up over 100 pips. Gold down slightly.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider