The ACD Method

Just as I thought yesterday, the tell in the XLF failing to make that monthly A up was the thing to watch. Sure enough JPM Morgan disappoints.

 

Also the persistent bid in the dollar and bonds is finally weighing on equities.

 

Jesus, this NFLX just won't pull back. Already making an A up.

 

We can't seem to get a solid down day. No matter what, confirmed A down, failed a down, people just step in after the European close and buy 'em.

 

I honestly think that because last year was one of the worst years ever for under performance in the fund industry, that these managers are running in to buy every dip.

 

It can change next monday, but so far we are in an uptrend, dips are meant to be bought.

 

No trade for me for the day worth mentioning. Only a long of Global research level of 97.84 for some ticks.

I am done for the day.

 

same here. one trade on a SPY bounce. starting to look for trades that aren't there so I'm done.

 

Nice move in CF today.

 

AGU nice breakout today too.