The ACD Method

This move in the Euro is decent too. We broke the monthly A down at 1.3411. There could be some interesting follow through here down to 1.3150 at that last swing low.

 

CERN, PRGO and UA were some decent strong stocks today. All made A ups.

 

rolled up in a ball, just kidding I am stalking a few longs but I gotta say this tape is scary. When commodities and equities are selling off together that usually means some big hedge funds are getting pounded. I tried get long earlier and got stopped out. Sorry I don't have much to add, I claim Talebian ignorance as to what is next.

 

seems like eurusd and es are trading lock step.

 

The ES is really defending this monthly A down level. Market just can't stay below it...for now.

 

Mav I notice cotton is up today will this ever bottom was a great short above 100, I don't trade it.

 

Meanwhile BAC pushing 52 week lows here at the $5 level.

 

My QTR A down for Cotton is 85.33. That's my guess as to where we see the bottom.

 

how about short bac long aapl for a pairs trade.

 

No. LOL. One, I think you ideally want to put on a spread when the lead product is breaking out, so you have some tailwind. And two, AAPL has confirmed a monthly A down. So while it's holding up relatively well, I would look for something stronger. And BAC confirmed at 5.70. So it's already more then 10% below the monthly A down.