Copper not really acting all that excited. FCX not interested in any risk rally. Just wants to be left alone.
The ACD Method
- Thread starter sbrowne126
- Start date
In honor of Fisher, PBR failed at the weekly A up. Not really sure what he sees here. This thing looks like dead money more then anything else.
Risk ON ETF down almost 1% today with the ES in the green. Hmm...maybe the on button is stuck or something. How does this thing work. 
If I remember he liked it more on a fundamental basis. As China diversifies it's oil sources, and the Brazilian gov't skims off the top, PBR the company stands to lose despite the vacuum that could be created by a lack of Iranian oil.
At least this is what I thought he was thinking. The man's a genius, so don't take my word for it.
This Gold is such a tease. Silver also failed at the monthly and weekly A up.
So A up in DXY finally showed it's hand . They took it to 103.40 and 30 minutes later all bullish candles were GONE (lol). Nice failed A up.
I don't know if you guys are watching grains but the action has been crazy there. In Wheat, we traded up to and failed at the monthly A up at 670 and in 3 sessions we are not at the monthly A down at 625. Round trip!
Soybeans and Corn also failed at the monthly A up just about to the tick.
Coffee at the monthly A down as we speak. Something is brewing in commodity land. Just about everything is getting sold.
Commodities should not mess with King $ when it's making new highs every day. Some swing traders are looking at DXY @ 88 some time this year.
Thankfully I do not have to look that far out.