The ACD Method

Quote from Shanb:

Watching this FCX at my A-up right now, looking short if it fails here

Confirmed A up for me. Copper is actually trading well today. Look in the energy space for shorts.
 
Quote from Maverick74:

Confirmed A up for me. Copper is actually trading well today. Look in the energy space for shorts.

XLI and it's components really weak here too. I have a -10 on the number line for the XLI

Edit: That said, don't go XLI today if equities rally
 
Quote from Maverick74:

Confirmed A up for me. Copper is actually trading well today. Look in the energy space for shorts.

I have a decent entry with a stop above he high, so going to watch it play out here
 
Quote from Shanb:

I have a decent entry with a stop above he high, so going to watch it play out here

It's above the pivot and it's acting well. This market feels kind of messy today. It's acting like it wants to pop. I wouldn't do anything. If I was going to short anything I would only look for the weakest products and sell into the pre-lunch time pop.
 
Quote from Maverick74:

It's above the pivot and it's acting well. This market feels kind of messy today. It's acting like it wants to pop. I wouldn't do anything. If I was going to short anything I would only look for the weakest products and sell into the pre-lunch time pop.

Your prob right, but only risking 6-7 cents here so not much on the table
 
Quote from Shanb:

Your prob right, but only risking 6-7 cents here so not much on the table

Honestly, this thing looks like the best long on my entire screen today. Good price action. Even better long FCX/SPY spread!
 
Quote from Maverick74:

Honestly, this thing looks like the best long on my entire screen today. Good price action. Even better long FCX/SPY spread!

lol, I know it didn't even tick down at all when the market did...many times you'll get a decent A-fade off of that type of move. Def didn't here!
 
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