W Formation formed on Russell 2000. I missed the boat on this one. There are just so many markets so little time to focus on. It had the perfect buy setup with all the criteria. Anyways, those that got in, there is more upside to come. 7>21 Price>200 RSI>50 Target 1,973 ABOUT THE RUSSELL 2000 The Russell 2000 is a stock market index that measures the...
TVC:RUT went above the SUPPORT line again before it closed AMEX:IWM (Russell 2k) looking BETTER and better AMEX:RSP (equal weight #SPX) also looking GOOD, look @ BUY VOLUME! It's performing better than SP:SPX While we were wrong for couple days, we were RIGHT in the analysis that breadth was going to get better #stocks
TVC:RUT broke resistance & is trading back under again The only consistent up mover is the NASDAQ:NDX 6Month is at its HIGHEST levels this year 1Yr Struggling here but hit highs 2 & 10Yr nowhere near highs TVC:TNX All #yields look as if they're going to roll over soon Historically, #stocks follow this downside on yields Is this time different?
AMEX:IWM , the Russell 2000, experienced a significant move on Friday, June 2nd, accompanied by high trading volume. On the daily chart, it successfully broke out of its structure, indicating the next potential levels at $185-190. If it manages to surpass this range, it could potentially reach $200 and even $220. It is worth noting that there are several bullish...
ES and NQ are oversold but small caps arn;t yet, and it looks like we won;t see a bounce until it does. Not chasing the drop at this point, so just waiting for tomorrow, lol
Well, small caps look bullish.... Retail numbers are supposed to be good, numbers come out before market open tomorrow. Probably should have gone long on XRT on the dip. I assume BUD will gap up with retail tomorrow, gonna short it when it does.
this is touching demand zone. then it did choch. i think this doing trend change
Keep an eye on RUT Russell 2000 index for signs of bank troubles and smaller businesses. Smaller businesses will be more sensitive to economic changes.
Still the weakest index, RSI is already oversold. RTY indicators are the least reliable, not going long yet.
The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to...
MFI dropping fast, but RTY barely even dipped. There's a weird short squeeze on garbage stocks today. AFRM, PTON, BYND, TSLA (lol) all green by a lot. No trades, but I'm hoping for the market to tank so we finally get some tradable action. Note: Some of the garbage stocks appear to have rolled over, might be a play there.
Yeah, I said overBOUGHT. That means don't BTFD. Wanted to post this early since I said BTFD earlier this week. I have NO intentions of going long today. Will post ES and NQ updates later since they are not overbought yet. Also, I was right about playing GM puts for TSLA earnings, looks to be 175% return on open. I didn't play it, lol. Gonna kick myself on...
Just drifting sideways, indicators are neutral. I think MFI goes oversold tomorrow morning on RTY and ES, will wait until then to BTFD, lol. I think it's gonna be a whipsaw day. Futures need to sell off but lots of dip buyers already. Slept in (kinda obvious now, lol) because I was all cash, no positions. Will take a potshot at the market again tomorrow if...
CPI pump and dump as predicted, RTY went overbought on RSI with MFI divergence. Fed meeting minutes at 2pm, unemployment and PPI numbers premarket tomorrow and retail numbers premarket Friday. Garbage stocks didn't even last 15 minutes, lol. PTON shot down so fast I couldn't even catch up to it. Managed to snag a few BYND puts, we'll see where taht...
RTY MFI is overbought as is YM, but all other indices including ES, NQ, FDAX, and GC1! (gold) are all neutral. Not getting the pre-CPI pump I expected so far. Might just sit this week out, not feeling all that well. Don't need the heartburn, lol.
RUT is in 1-2 structure and is ready for a move down in wave 3 of C. It might still try to push up until mid April though I don't expect to see a major move. Whole structure should bottom by mid August in 130+ area.
After the last RUT Russell 2000 Price Target was Perfectly reached: Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse. Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences...
The algos are pumping money into RTY trying to hold that blue line. You can see MFI climbing. Problem is MFI will go overbought Monday so we'll see a drop Tuesday, if not Monday afternoon. Plus Euro markets tanked so we might even see a gap down Monday. Seems to me garbage stocks are done tanking so there's really no choice but to go long here. Crappy whipsaw...