The ACD Method

Euro and Aussie both back to the A ups. Having trouble breaking through. Highly doubt they will.

 

Palladium very strong today, up almost 6%. Right at the monthly A up and above the weekly A up.

 

Tech rolling over. NQ at the A down. All the high beta tech stocks rolling over and in the red.

 

Bonds finally cracked, at the A down now. NQ bounced off the A down and currencies back to the highs. Looks like market wants to squeeze.

 

AMZN bounced off the weekly A down at 189.97. Actual low was 190.11. Nice 3 pt bounce. Looks like all these weekly levels are holding.

 

A up confirming after that FT report on the EFSF. XLV, XLF, BAC (confirmed this morning). Still like BMY here.

Edit: Intra-day A ups

 

XLF looks like it wants to challenge that monthly A up again at 13.32.

 

Copper breaking out above the A up and the daily pivot.

 

All the A downs are holding today, even the A down in Bonds held. That's the 140'22 level for you home gamers.

 

Fifth day in a row that the VIX closed near 28.