We got down to 9.14 or something like that in 2007.
The ACD Method
- Thread starter sbrowne126
- Start date
We got down to 9.14 or something like that in 2007.
Number lines roll over 30 days so there is a finite limit to how high they can go because they drop off values from 30 days ago.
BTW, we are getting another buy signal here if the ES confirms a monthly A up for June which it looks like it will do on Monday.
Mav can you comment on the latest ECB rate hike when you get a minute, curious as to how you see this affecting US equities, thanks....
It's really affecting currencies. Risk currencies are getting a strong bid here. Actually have been for a while. Watch FX. FX leads equities. If money is flowing into risk currencies for the love of God, please don't short this market. Just sayin...
thanks, was hoping for an opposite signal monday is a french german and swiss bank holiday
MonJun 9 12:00am JPY Consumer Confidence 37.7 37.0
All Day CHF Bank Holiday
All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
I will say this, usually when vol picks up in currencies, it tends to be bearish for risk. Nobody "needs" to rush into risk in currencies, they usually "rush" to get out of risk. Just keep an eye on the emerging market currencies. If you guys can keep a secret, I like to watch Mexico and Turkey for tells. But that's just between us...
Mav and other experienced option traders I have a non ACD question regarding a trade a friend of mine has on I'd like to give him the best advice to manage the position but options are not my area of expertise so asking you guys for input.
In January he purchased LEAPs on AAPL expiring in Jan 2015 at strike price 400. His idea is once it hits 700 he wants to sell the 425 January calls and get called out.
Things to consider
1. He wants to minimize taxes.
2. He's in the high tax bracket and told me the difference between selling now and getting it treated as long term gains is going to be 25%.
Any ideas/suggestions if this the best way to go about managing the position.
In January he purchased LEAPs on AAPL expiring in Jan 2015 at strike price 400. His idea is once it hits 700 he wants to sell the 425 January calls and get called out.
Things to consider
1. He wants to minimize taxes.
2. He's in the high tax bracket and told me the difference between selling now and getting it treated as long term gains is going to be 25%.
Any ideas/suggestions if this the best way to go about managing the position.
Did you guys notice how JJC had a monthly A Down on 4th and then continued to show weakness and a poor chart? But, my last 5 days of the 5 day number line has gone: -4, 1 ,6, 8 and 11. The 5 day and monthly confirmed on Friday and the 30 day is at 8 and rising. My yearly A Down is in the 36.50 area.
Mav has previously said his Copper proxy is FCX.
Mav has previously said his Copper proxy is FCX.