The ACD Method

Quote from Maverick74:

My take on the market today is nothing to do. Copper is holding up well but oil got smacked. Bonds made an A down but bounced back, still well off their highs. The Aussie is holding up as is AAPL, my two tells. Just as in poker, spotting tells is really important. The key is to spot tells no one else sees. Your tell can't be the ES selling off!!!! LOL. Your job as a trader is to be a detective and look for clues.

Commodities continue to get sold. Cotton, Coco, Sugar all breaking down. As I said before, this smells like a hedge fund liquidation to me. Possibly MF related. Gold and Silver seem to have stabilized. Nat Gas moving back to the lows. Grains sitting on their monthly A downs. OJ and Coffee are strong.
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Regarding "MF related": CME is liquidating all remaining open positions of MF Global accounts today (and started yesterday)
 
Quote from flip:

Regarding "MF related": CME is liquidating all remaining open positions of MF Global accounts today (and started yesterday)
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That makes a lot of sense and explains a lot of the commodity selling.
 
Quote from Maverick74:

So just for the record, I'm the only one watching the market today right? :)
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I'm only watching AUD/USD right now and I didn't really expect it to do much considering it is a Friday and and it is statistically played out on a weekly basis. I'm planning to open a position Monday in either direction off the first signal I get.
 
Quote from ammo:

vix,with a small hns,stop at the nip for now,could bounce back to the neck
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I think the VIX cracks 30 next week before the holiday. Just my opinion.

I would love for one more spike though to build some size in the XIV.
 
Quote from Maverick74:

So just for the record, I'm the only one watching the market today right? :)
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lol, nah, you have just pretty much become an advisory service. I can pretty much guarantee you have got a LOT of lurkers on this thread now.

Nothing to post if no one disagrees Mav:D
 
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