The SPY and DIA both had failed monthly A down yesterday while IWM and QQQ did not test their levels. It's bullish to see the more speculative issues perform relatively better yesterday. The IWM has been very weak since early July so it will be interesting to see if the small caps strengthen here. If so, that should help to get to new highs on the year. My monthly A up for SPY is 140.16 and DIA is 132.07.
The ACD Method
- Thread starter sbrowne126
- Start date
Found this interesting:
http://stocktwits.com/hertcapital/message/8981353
Particularly interesting in this excerpt:
"As a result, technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their eyes and trust the price action."
You like this Shan? This one's for you.
http://stocktwits.com/hertcapital/message/8981353
Particularly interesting in this excerpt:
"As a result, technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their eyes and trust the price action."
You like this Shan? This one's for you.
Quote from Quon:
Found this interesting:
http://stocktwits.com/hertcapital/message/8981353
Particularly interesting in this excerpt:
"As a result, technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their eyes and trust the price action."
You like this Shan? This one's for you.
Haha good ol' Price action. I think this is prob true. Most of the people my age that i've traded around tend to be very opinionated and think too much.
I know MFB posts his long term charts at times, so here's mine
XHB the homebuilders ETF has quite the interesting weekly chart. Here we have XHB confirming the yearly AUP earlier in the year and now we have built up a pretty nice pattern up there.
I know Mav likes his bases, what do you think about this. Higher level base working my marquee setup lol.
XHB the homebuilders ETF has quite the interesting weekly chart. Here we have XHB confirming the yearly AUP earlier in the year and now we have built up a pretty nice pattern up there.
I know Mav likes his bases, what do you think about this. Higher level base working my marquee setup lol.
Quote from Shanb:
I know MFB posts his long term charts at times, so here's mine
XHB the homebuilders ETF has quite the interesting weekly chart. Here we have XHB confirming the yearly AUP earlier in the year and now we have built up a pretty nice pattern up there.
I know Mav likes his bases, what do you think about this. Higher level base working my marquee setup lol.
But Shan,
The ETF ladder says that XHB is the worst sector in the market! Never forget the power of sweater vests and pink pants!
Seriously tho, looks good. Can't hate a high base that looks like that, (especially when the completion of the pattern results in a yearly A up). Good stuff Shan.
Quote from Maverick74:
Hey guys, I thought you might like these two new ETF's I discovered. They have been out for awhile but no one ever talks about them. They give you a way to make a bet on the flattening or steepening of the yield curve. You no longer need to put on a futures spread or buy one ETF and sell another. Now you can simply buy one ETF and have it replicate a steepener trader.
If you want to bet on the yield curve flattening, you will want to buy FLAT. If you believe the yield curve will steepen, you will buy STPP. These ETF's track the spread between the 2 year note and the 10 year note, a very popular hedge fund trade.
As a quick primer, typically the curve will steepen when inflation increases and when there is a bid under risk assets. So think of buying STPP as another way to get long the market. The flattener is used when one is bearish on the market, bullish on deflation, and a flight to quality.
Here is the flattener ETF. You can see that being long the flattener has been a great trade as we currently are in a flight to quality and deflationary environment.
This trade is up over 8% YTD and 21.5% over the last year!
I mentioned this last week and I really want to start pounding the table on this trade. Bonds are finally looking like they want to give a little. The price action is slowly improving on the bearish side. I mentioned the steepener trade ticker STPP. I think this might be the best way to play the bond move. STPP is betting on the steepening of the yield curve between the 2 and 10's. This is not a tradeable product to get in an out. Just a good long term trade at these levels in my opinion.
Quote from Maverick74:
I mentioned this last week and I really want to start pounding the table on this trade. Bonds are finally looking like they want to give a little. The price action is slowly improving on the bearish side. I mentioned the steepener trade ticker STPP. I think this might be the best way to play the bond move. STPP is betting on the steepening of the yield curve between the 2 and 10's. This is not a tradeable product to get in an out. Just a good long term trade at these levels in my opinion.
Wow that thing traded like 550 shares today...I like the trade, but that ETF is a bit rough on the liquidity side.