The ACD Method

[Maverick74]

Quote from Maverick74:

A down in ES today is 1240.65.

Actual low so far 1240.50. It is what it is.

 

[Quon]

Numberline. BMY is approaching the highs of the day while the SPY is nearing the lows.

 

[Maverick74]

Quote from Quon:

Numberline. BMY is approaching the highs of the day while the SPY is nearing the lows.

Great call Quon!

 

[Quon]

Quote from Quon:

Long BMY @ 33.37

Sold BMY for a small gain. Looks like the SPY just made a weekly A down.

 

[Maverick74]

Quote from Quon:

Sold BMY for a small gain. Looks like the SPY just made a weekly A down.

Yup, we got a confirmation. Now let's get the VIX to 35!

 

[Maverick74]

SPY/XLF spread making a strong comeback!

 

[Shanb]

Any Spreads on right now John?

This SPY-XLF spread may be coming into some value here

 

[Shanb]

Quote from Maverick74:

SPY/XLF spread making a strong comeback!

Beat me to it!! Yesterday was probably the day to be buying into this thing

 

[Maverick74]

Quote from Shanb:

Any Spreads on right now John?

This SPY-XLF spread may be coming into some value here

Nice trend line!

 

[Shanb]

Quote from Maverick74:

Nice trend line!

I havent tested this pair for a cointegrating relationship, but as you can tell there does seem to be a tendency to revert as it gets to certain levels. Here its like buying the dip into the longer term trend!