The ACD Method

Quote from Quon:

One last thing. Last fall I was talking up BMY big time as the XLV names seemed to do well before the market found it's footing in October. Many of these same names have been leading while the market paused this May/June, (Shan's been all over this).

I didn't think much of it at first given that the previous relationship between the market and XLV names was; S&P down, XLV and XLU up. There have been some serious moves though in these names leading up to and now AFTER the recent Supreme Court ruling. Anyway, long story short, I know BMY made that acquisition today, but as an options trader I always have an eye on option volume. Today there were over 100k trades in the 35 strike alone! 14 million all told. PFE with good volume today, and MRK kept popping up on my screens last week.

GUYS, this is major volume in these names. Keep these health care names on your radar, they may not be done yet, (even if the broad market really gets going).
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Don't get me started on the biotech sector. There must be at least 20 names making new all time highs as we speak now as well as the sector ETF IBB. Too many charts to post.
 
IWM continues today. Looking to make the weekly A up, (currently holding above and confirmed the intra-day).

NFLX acting well?

Crude already at the monthly here! Watch this one, it'll be a trade whether it confirms or fails.
 
Coffee looking like it's bottomed perhaps. Something of a IHS forming there. Good news for JO, bad news for PEET, (ugly chart, maybe they don't hedge?).
 
Quote from Quon:

Coffee looking like it's bottomed perhaps. Something of a IHS forming there. Good news for JO, bad news for PEET, (ugly chart, maybe they don't hedge?).
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Quon, I think all these commodities are catching a bid on the back of the dollar getting weaker. If the dollar cracks then we could see big pops across the entire commodity spectrum.
 
Corn and Wheat going parabolic. I've seen enough of these types of moves in Corn and Wheat to know that there is no such thing as too high in these moves. They could go limit for 5 days straight. I would like for some upside optionality here in both.
 
Quote from Maverick74:

Quon, I think all these commodities are catching a bid on the back of the dollar getting weaker. If the dollar cracks then we could see big pops across the entire commodity spectrum.
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Good call, I'm a coffee addict, so it's the first place I go. Thanks for the heads up Mav!
 
Hope everyone's having a great 4th. Some names I found as I was looking at longer term charts this morning:

NYT, breaking out of about a 3 year downtrend, kinda interesting... off the recent news with regard to their venture into the PRC.

LL, USG, and SPF, in the vein of strength we've seen with building and materials lately.

EWW... Mexico? Yep. Major multi-year IHS completing soon? You know immigration to the U.S. from Mexico is at a multi-year low?

Longer-term charts here, weeklies and monthlies, so keep that in mind.
 
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