The ACD Method

What do you have for Gold and Silver John?

 

Gold 1687 and 1808

Silver 30.38 and 35.65

 

Thanks! Man these Financials really popped off of the open

 

They were very oversold.

 

Buying cheap Jan vol here. Loading up for later.

 

Bonds at the A up.

 

Euro plunging through the London A down.

It's 150 pips off the failed A up level.

 

Funny too, I have the XLF at -4 on the number line. Look at yesterday's action, (zero in my book) yet BAC, yes, BAC, with a +2, (or you could squint and call it +3). Point being, BAC was the "strongest" of the XLF?!?!? Pretty interesting action.

 

Man this Euro is getting smacked guys. Now 200 pips off the highs of the day and on a Friday. Somebody is worried about this weekend. Bonds catching a very strong bid. Something is up here. Glad I bought vol on the low of the day.

 

GS solid A up today. Nice move.

JPM nice A up as well.

Pretty much all the financials.

There is going to be a nice entry on the SPY/XLF spread soon.