The ACD Method

Quote from Maverick74:

Monthly A down in the ES around 1655. Looks like we are going to test that. QTR A down around 1633. Japan is cracking first. Took out the monthly A down today and the Yen is now sitting right at the monthly A down. Meanwhile Copper and Oil hold their bids and the Peso does not look terribly concerned. The Peso has been a great directional tell for risk assets btw.
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ES is pausing at your A down...
 
Quote from flip:

ES is pausing at your A down...
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The ES is NOT giving you a good picture right now. Stocks are getting absolutely slaughtered. I should say beta is getting slaughtered. You would think spoos are down 60 right now based on the price action in stocks. Better to watch the index components right now then the index.
 
Quote from Maverick74:
The ES is NOT giving you a good picture right now. Stocks are getting absolutely slaughtered. I should say beta is getting slaughtered. You would think spoos are down 60 right now based on the price action in stocks. Better to watch the index components right now then the index.
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Finally the air is starting to leak out of Internet Bubble 2.0.
 
Quote from Maverick74:

The ES is NOT giving you a good picture right now. Stocks are getting absolutely slaughtered. I should say beta is getting slaughtered. You would think spoos are down 60 right now based on the price action in stocks. Better to watch the index components right now then the index.
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thanks, interesting point of view
 
Quote from blakpacman:

Finally the air is starting to leak out of Internet Bubble 2.0.
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Yelp, fb, lnkd, etc. getting murdered today. Looks like the pain trade may be starting to begin.
 
Quote from flip:

Mav, out of curiosity: Do you also track the GDX etf?
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No,I don't follow GDX. I have no interest in following the miners. I have no idea what they are correlated to.
 
Quote from Maverick74:

Monthly A down in the ES around 1655. Looks like we are going to test that. QTR A down around 1633. Japan is cracking first. Took out the monthly A down today and the Yen is now sitting right at the monthly A down. Meanwhile Copper and Oil hold their bids and the Peso does not look terribly concerned. The Peso has been a great directional tell for risk assets btw.
More...

Nice test of the QTR A down. Held for now.
 
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