The ACD Method

I do something very similar. Macro ACD to find a sector to focus on. I use FINVIZ to scan the sector to find few choice stocks (dozens of filters available). Then i look at a price relative chart to guage strength or weakness. So now i have the strongest stock in the strongest sector that meets my filter requirements (or weakest stock, weakest sector). Then I watch intra day ACD action for the entry. This process gives me a bigger picture across sectors but only a handful of things to watch during the day.

 

various FUTURES pivot sheet. Lot of items at 45 to 20 days high. However, not every instrument has healthy 30 days number line

 

30 days number sheet


Anyone trading Rough rice or Silver (lol)

 

01-19-2012 pre open

 

Natty Gas down another 2% today. No bottom in sight.

 

The squeeze in SHLD continues. Right through the monthly A up.

 

NFLX broke through par today. Watch for the squeeze.

QTR A up at 101.77. High today was 101.75. Needs to take out that QTR level.

 

FCX beat, but down. Looking for a pullback to the weekly OR, (confirmed weekly A up yesterday).

F above weekly A up. XLF above Monthly.

 

SMH on fire again.

 

CMI on fire. Monthly A up was back at 96.74.