The ACD Method

SPY/XLF spread looking good again.

 

Euro getting killed through the A down.

 

A down in the ES is 1229.75.

 

DG had a failed monthly and inrta-day A up today.

 

URBN did not confirm on the monthly. This is why time confirmation is very important.

 

Seven handle bounce off the the failed A down in the ES.

 

BMY making a liar out of me. A up and new highs

 

Damn, that is strong. How did I miss that.

 

Equity market looks like it doesn't know what to do. 124.97 was 12/1's close...we are printing 124.66 right now. Volatility is still getting sold though. Do you think we get a move up into the end of the year?

 

Yeah. Every bad news item is getting bought. Volatility is getting crushed. I don't think it's going to be anything special. It feels like it's going to stay choppy with maybe a grind higher. Any positive news could deliver a strong pop. The problem I see is nothing is really breaking out yet all the dips get bought. I think watching the spreads will be key. DIA/QQQ, DIA/XLF, DIA/JJC, etc.