The ACD Method
- Thread starter sbrowne126
- Start date
https://imx.tdameritrade.com/imx/p/imx-pub
Ameritrade investors make largest single-month increase in equity exposure since TD began tracking the IMX about 5 years ago.
Ameritrade investors make largest single-month increase in equity exposure since TD began tracking the IMX about 5 years ago.
This is still a very cautious rally...waiting for that exuberance
Russell 2000 has had 43 consecutive closes above it's 20-day SMA; 43 or more closes above the 20-SMA has only occurred 14 times since 1990. The record was 81 consecutive closes, which occurred in 1995.
Despite being a rare occurrence, it does not, by itself, predict bearishness going forward. With that said, outside of one occurrence in 1999, the majority of these prolonged bullish trends occurred in the early stages of a bull (1995, 1996, 2003).
Despite being a rare occurrence, it does not, by itself, predict bearishness going forward. With that said, outside of one occurrence in 1999, the majority of these prolonged bullish trends occurred in the early stages of a bull (1995, 1996, 2003).
If you don't hold it overnight, time your entries right, and lean on your ACD levels, you can do well. I found alot there by staring at the chart all day and taking notes.
5-min chart is helpful....if I see 3 green bars to start the day, a slight pullback near the middle of the range, followed by a nice strong green bar in the middle of the range, I will buy a breakout above that bar, and look for a good A up as confirmation.
Or if there is a gap up on the open (often happens), that gradually sells off (small red bars), and then suddenly there is a big green reversal bar in the direction of the opening gap that occurs within the first hour of trading, I will just buy at the market and lean on my ACD levels. (10am bar in NUGT yest is perfect example). I'll actually use that big reversal bar as my "opening range" if that makes sense.
Or if /GC has a big spike during the day, I will just buy NUGT/DUST right there at the market, and lean on my ACD levels.
It goes against ACD methodology, but I also find trailing intraday moving averages to take profits helps me hold onto winning trades longer.
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"API reports crude inventories collapse over 12 million barrels - the most since Jan 1999 (against expectations of a 905k barrel build)."
http://www.zerohedge.com/news/2016-09-07/crude-spikes-after-massive-inventory-drawdown-most-jan-1999
http://www.zerohedge.com/news/2016-09-07/crude-spikes-after-massive-inventory-drawdown-most-jan-1999
The 30DNL has one more day to confirm negative, but the monthly NL is just meandering about.
It is still above my Mthly ADn, and it's still early September. Just below that is my Qtrly A Dn, so a bounce is possible given the confluence of the 2 levels.