The ACD Method

[Maverick74]

Quote from Shanb:

lol

Good call on GMCR though. It's acting very well.

 

[Shanb]

Quote from Maverick74:

Good call on GMCR though. It's acting very well.

FXE-SPY still making new highs here. Any reason you do not have GDX in your list?

 

[Maverick74]

Quote from Shanb:

FXE-SPY still making new highs here. Any reason you do not have GDX in your list?

Yeah, because they are not consistently correlated with risk assets.

The FXE/SPY spread is really just the SPY. FXE won't move much so if SPY sells off, your spread will go higher, if SPY rallies, your spread will go lower.

 

[Maverick74]

GMCR still making new highs.

 

[Shanb]

Quote from Maverick74:

GMCR still making new highs.

NFLX with the same setup as I type...

 

[Shanb]

Quote from Maverick74:

Yeah, because they are not consistently correlated with risk assets.

The FXE/SPY spread is really just the SPY. FXE won't move much so if SPY sells off, your spread will go higher, if SPY rallies, your spread will go lower.

Ok makes sense, i'm assuming thats why XME is not on the list as well.

Well the FXE is still making new highs as well, I do see what you are saying tho.

 

[Maverick74]

Quote from Shanb:

Ok makes sense, i'm assuming thats why XME is not on the list as well.

Well the FXE is still making new highs as well, I do see what you are saying tho.

Yeah you could probably spread the XME against SLV or GLD or GDX though.

 

[Frank Furter]

Dollar at the daily a down and quarterly pivot.

 

[Maverick74]

Shan, of course today turns out to the be the day that XLU and XLP selloff WITH the market. LOL.

 

[Shanb]

Quote from Maverick74:

Shan, of course today turns out to the be the day that XLU and XLP selloff WITH the market. LOL.

Yep, very nice moves off of the open. it is 11:30 BUT it looks like RCG's setup is working in NFLX too! Where you at RCG?