The ACD Method
- Thread starter sbrowne126
- Start date
Absolutely. The selling started as soon as the news broke. There was no volume on the day either until the news hit.
I would not touch it long or short. It was tempting till I heard the part about the internal hedge fund.
Totally, was sitting ready to pull the trigger on what looked to be a nice buyable failed A down day in NG and then whammo!!
Arnold story hit. I wasn't aware of the significance myself until Mav said something, but I can attest that it turned a nice little failed A down into a full-blown -2 day in NG.
Early in the month strength:
LULU, NKE, both of which have been regulars on my watch lists. You know what Fisher says, the best ones don't pull back.
After watching LULU have similar strength early in April before the correction I'll be looking to put a trade on in this name this month for sure.
NKE reports June 25th, LULU already reported.
Other individual names to watch include, (some on earnings gaps, so look for the gaps to hold)
RGC, CAR, TRIP, WMGI, and the XHB
It should be noted that 10% or more of these names are held short, (so if that's not you thing, I just wanted you to know).
LULU, NKE, both of which have been regulars on my watch lists. You know what Fisher says, the best ones don't pull back.
After watching LULU have similar strength early in April before the correction I'll be looking to put a trade on in this name this month for sure.
NKE reports June 25th, LULU already reported.
Other individual names to watch include, (some on earnings gaps, so look for the gaps to hold)
RGC, CAR, TRIP, WMGI, and the XHB
It should be noted that 10% or more of these names are held short, (so if that's not you thing, I just wanted you to know).
So you're saying there is upside to 20?
I think there are a lot of people with positions at around 18, that was a good place to sell premium. Will be watching this area closely. Chart just shows where the downtrend will be cleanly broken. Lots of eyeballs on NG..UNG at the moment. This is the second up week, where is your weekly A down on
UNG? thanks.
UNG? thanks.