Here are Volume profile/ Fibs, patterns etc.. courtesy of a friend. He does not get ACD and i do not get his method but both happy with our respective approach. CL http://screencast.com/t/TkPjrjI20Cx
Looks like your keeping the cookies for yourself today ! You should show Matt that as an example of what you can do on a chop day like today lol
Yeah... weird right? Wouldn't you at least expect the yields on t-notes to start heading up? Is this purely cash flowing into the market at the beginning of the year? Bond folks buying bonds, stock folks buying stocks, gold people buying gold, and everyone's waiting for the signal to move to one of the classes versus another, but everything just keeps heading upward? Just curious as to what people think...
This is called money taps are on Fed/ECB/BOJ have given away so much free money that it is flowing into all asset class simultaneously
My monthly A up for XLF is 13.93. This will be a key tell here as the market is exhausted. If we confirm on the financials, you better get ready to buy this market for the next leg up to 1330. If we fail here, we might get a much needed pullback. I'll be attacking FAS if we confirm on the financials.