The ACD Method

"Chesapeake shares, which were already substantially higher, added to gains following news of McClendon's death."

Thats crazy. I guess it was all too much for him, pretty sad really.
 
Maverick74 said:
I watch Copper like a hawk and I noticed Copper firm up awhile back "while" the indices were in freefall. So then I look at the other material names and notice the same thing. I saw the number lines getting stronger in many of the name and then we had a perfect failed QTR A down. It just comes down to going through your number lines and putting the story together. The story in the material names was screaming at me.
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I just went through all my own analysis of what happened with everything when Copper failed at the quarterly A down.

Whats really interesting is that the day prior to this, using my own ACD internal measurements we were at overextended down levels kind of the opposite to where we are currently. These are normally times where I am looking to get long risk, or short if we are overextended to the upside, but its tricky to know when is the right time. When Copper failed at the quarterly, nearly all my risk assets failed at the weekly A down. Those failures really were an excellent tell, as to what was about to happen next. If I were viewing the ES in isolation I would have never have been aware of this.

Putting this into context for present, Copper has now confirmed on the weekly and tagged the new monthly Aup. If we see Copper confirming that monthly then we most probably will see this rally continue. If we fail with a decent wick and given that by my own measurements we are still overextended to the upside then I may look at getting short.
 
I think it's going to continue being a trader's market. A lot of you guys who don't trade as much might not be quick to pick up on this, but THIS is the market you want to trade in. There is some much opportunity right now in both directions. It's not a bull market or bear market, it's a trader's market. I'm flat portfolio deltas right now but have a lot of long and shorts on. Don't worry about overbought or oversold. The stuff that is breaking out is good, the stuff that is weak is weak. Just be data centric. This is what I call a Goldilocks environment.
 
Maverick74 said:
I think it's going to continue being a trader's market. A lot of you guys who don't trade as much might not be quick to pick up on this, but THIS is the market you want to trade in. There is some much opportunity right now in both directions. It's not a bull market or bear market, it's a trader's market. I'm flat portfolio deltas right now but have a lot of long and shorts on. Don't worry about overbought or oversold. The stuff that is breaking out is good, the stuff that is weak is weak. Just be data centric. This is what I call a Goldilocks environment.
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Its funny you saying this Mav. A lot of stuff for me really does seem to be working exceedingly well at the moment.

I really do hope it continues like this.
 
http://www.zerohedge.com/news/2016-...ders-aint-buying-it-bearish-bets-biggest-year

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