The ACD Method

[Maverick74]

Gold 1600

 

[Maverick74]

FCX now green. First tell.

 

[Maverick74]

A up in AAPL is 573.75. Watch that level.

 

[Maverick74]

Quote from Maverick74:

This bid in Gold feels pretty firm.

If we close above 1600 today in Gold that will be the first time in a month.

 

[Quon]

Quote from Maverick74:

A up in AAPL is 573.75. Watch that level.

Yep, seeing some things work a bit. Homebuilders off their lows, also been in some of those discount retailers, FDO, WMT, TJX. All did decent in this mornings pull in.

 

[Maverick74]

Quote from Quon:

Yep, seeing some things work a bit. Homebuilders off their lows, also been in some of those discount retailers, FDO, WMT, TJX. All did decent in this mornings pull in.

Thanks for joining in Quon. The doctors don't think it's a good idea that I talk to myself so much.

 

[Maverick74]

Quote from Maverick74:

If we close above 1600 today in Gold that will be the first time in a month.

Biggest move in Gold in 7 months. Up almost 50 handles now.

 

[Quon]

Quote from Maverick74:

Biggest move in Gold in 7 months. Up almost 50 handles now.

Could be a big move there too. It's been giving me signals both ways, but this move and the level it's been clinging to were off my quarterly A down. I'll be interested in seeing what happens after we have a monthly level today.

 

[Maverick74]

http://theessentialsoftrading.com/B...l-reading-too-much-in-to-low-treasury-yields/

Interesting article concerning these moves in treasuries. This is actually really important to understand one I have NOT heard the media even mention.

 

[Quon]

Quote from Maverick74:

http://theessentialsoftrading.com/B...l-reading-too-much-in-to-low-treasury-yields/

Interesting article concerning these moves in treasuries. This is actually really important to understand one I have NOT heard the media even mention.

Great point, and I think it begs the question, what happens when/if the Fed decides to decrease it's balance sheet?