Thanks, no I did not notice.
I have noticed many outlets and traders are bearish, and market keeps rising
also puts not getting paid a premium and the ET board has been quiet.....
The ACD Method
- Thread starter sbrowne126
- Start date
Thanks, no I did not notice.
I have noticed many outlets and traders are bearish, and market keeps rising
also puts not getting paid a premium and the ET board has been quiet.....
So, not many "values" setting up for the number lines ? Means not many trades,.. or ?
Actually there is a ton of stuff setting up on the number lines. Market is getting very busy here. There is a LOT going on here.
Here's a few of my number lines that may be of interest. (I'm sure mine are much different than yours. 
Of note for my retirement MF's is the fact that Small Cap Growth is now the best relative strength performer and you can see it's number lines are low. (You can also see it's the only one of the 9 that got a 2 on Friday.) There's room for movement as the large caps appear to have run their race for now. I've over weighted SC Growth with VISGX and to a lesser extent with the SC mixed NAESX.
Of note for my retirement MF's is the fact that Small Cap Growth is now the best relative strength performer and you can see it's number lines are low. (You can also see it's the only one of the 9 that got a 2 on Friday.) There's room for movement as the large caps appear to have run their race for now. I've over weighted SC Growth with VISGX and to a lesser extent with the SC mixed NAESX.
Here's a few of my number lines that may be of interest. (I'm sure mine are much different than yours.
Of note for my retirement MF's is the fact that Small Cap Growth is now the best relative strength performer and you can see it's number lines are low. (You can also see it's the only one of the 9 that got a 2 on Friday.) There's room for movement as the large caps appear to have run their race for now. I've over weighted SC Growth with VISGX and to a lesser extent with the SC mixed NAESX.
Very nice, Robert. Thanks for sharing. Your lines are very close to mine. And like Mav has said before, the #1 thing that matters is what the number lines say to you and not necessarily that they are the exact same of everyone else's.
Here's a few of my number lines that may be of interest. (I'm sure mine are much different than yours.
Of note for my retirement MF's is the fact that Small Cap Growth is now the best relative strength performer and you can see it's number lines are low. (You can also see it's the only one of the 9 that got a 2 on Friday.) There's room for movement as the large caps appear to have run their race for now. I've over weighted SC Growth with VISGX and to a lesser extent with the SC mixed NAESX.
Good job Robert. You are on the right track.
Thanks Coach! None of my current market thinking (and it's rudimentary at best) would be possible without the generous contributions you've made on this thread. I see ACD levels in everything!
So I sent Hoop an e-mail two days ago talking about the market and currencies in particular. The market looked tired and maybe about to roll over. God knows everyone on ET is still trying to topcall this thing. But I noticed a huge surge of money flows into the risk currencies. I've talked about this for a while on here and I'll continue to do so, the best tells in the overall market come from FX. Why? Because before money can flow into AAPL or GOOG or the ES, it has to flow through the currencies. Well, FX land exploded and I told him it looked like the spoos might pop for another leg higher. And sure enough, that is exactly what happened. Watch those currencies guys. Lots of great tells in there. Copper is acting well too. Confirmed on my 30 day.
Guilty of being a top caller myself. ACD really saving my ass and keeping me from burning money. That said, I think there's an interesting scenario playing out in the next couple weeks. We're in the end of year two week period, new monthly and quarterly as well. I would be more bullish if we didn't have such a big run up today. Psychologically speaking I think most traders are ready to give up on shorting the market, at least the bunch I speak too are. We have a long holiday weekend comming up and shorts will be ready to throw in the towel come Monday. If we get a gap up on Monday I'm going to be looking for good short entry with decent risk/reward
The problem is, we have number line confirmations across the board. You usually never want to fight the number lines. The best short sales are when we get higher highs in price and declining number lines and vice versa on the downside. Obviously the market is overbought and has been for a while, but there is probably a better way to play a market short then simply selling the ES short. For example go after a lagging sector or a handful of equity names that are lagging. If you really are bearish, sell copper. It did just confirm but on the year overall it's been VERY weak and it has rallied over 30 cents the last few months. But the ES is at a +27 and the Russell at a +18 and XIV is at +16 although that has come off from the high 30's.