The ACD Method

Product selection. Gold down over 3% today. Far better action then SPY. SPY has the least alpha of any product. Look for value Shan. VIXY up 5%. Also oil getting shallocked today. Down over 4 pts from the high and dropping. Gold down 60 handles.

 

AAPL weekly A down 374.32. Low in AAPL today 375.50.

 

LNKD confirmed A up today and holding above the A level. Interesting strength in that stock today.

 

FSLR pop! Nice move, confirmed A up.

 

Palladium down over 7% today.

 

If the VIX hits 40, I'm loading up the boat on XIV. I might use some of Shan's money too.

 

Monthly A down in ES is 1166 if anyone is interested.

 

Silver down 7% today. The monthly A down is 29.76.

 

My take on this selloff across the board in commodities smells like hedge fund liquidation. Not sure if it's MF related or not, but the price action definitely looks like a one off event. Just my humble opinion. I'm often wrong.

 

Don't forget tomorrow is options expiration.

Monthly A up in bonds is 145'17. I'm giving out these monthly levels because I think these will all be good targets and I think all of them will hold. Plan accordingly.