The ACD Method
- Thread starter sbrowne126
- Start date
Here are my monthly for those:
XLI +4
XLY -1
XLF +7
XLB 0
I don't know how you trade the 30 day rolling ones. The values are drastically different.
Something nice about the 30 day line, (at least that I've noticed thus far) is that it's kind of a safety tell. You'd have to see some major selling in those names to see a significant drop, (depending on your time frame). So I look at the 30 day line as not so much an indicator of what's working this minute, but what's been working, and is unlikely to kill me in one fell swoop. Strength in the 30 is likely funds acquiring positions, (or so I'd think, hence the strength over a longer time frame) and those positions usually can't be jettisoned as quickly as the funds might like.
I actually keep an eye on the monthly numbers as well. Show me a 30 day line with a strong monthly line, (with individual names confirming the monthly) and I start compiling my buy list. Good example? XLF RHRN, 22 on the 30 day line and 7 on your monthly.
Am I the only one watching this Mexican Peso trade?
Looks like Gold wants to test the 1700 level...the monthly a down is there as well. If we hold there that might be a good tell on this spread.
This market is holding in strong. Like you said before the number lines tell the story, there is alot of strength here. How much more we have left to the upside idk, but the trade you outlined still looks attractive.
Monthly and weekly right next to each other. Monthly at 1346.75 and weekly at 1345.50. Unbelievable strength here. I'm buying every breakout on my screen.