Long 1930 - 1950
Stop losss 1911
Target 2020
Fundamental
-FWD PE 5Y trade at -1SD
-FWD 12M growth 29%
-Laggard play , expect rotation from large cap to mid/small cap
Risk factor
-No rotation with macro risk overwhelming
-Regional bank continue sell off and spark investor fear
Following the premature breakout of a massive rectangle that lacked follow through in Russell in late December, the rally today appears to be the legitimate breakout. This could be a strong advance.
1. Zoomed out to provide perspective - Long term ranging market with a recent breakout. Now trading close to the previous resistance.
2. Market trading above the 50 and 200 EMAs - bias is to look for long opportunities in value areas.
3. As mentioned in point 1, market trading in a value area. If a long trade goes against us, we'll be able to understand quickly...
Hi Guys.
I am still bullish biased on the Russel. At the moment the index is being supported by the 50 ma and directly overhead has resistance by the 20 ma. The pullback to the current price is also a retest of the downward trendline it broke out of. Should the Russell make a bullish move from here and clear the most recent swing high that would look like a...
I have a bunch of limit orders to buy everything lower and would far prefer to buy them lower but all the would be sell signals failed recently on SPX and Nasdaq.
RUT has lagged these heavily over the last while but I think we might be due to see one of the best moves we've seen in RUT for a while. I'd want to short into a spike but for now I am buying 2100...
The Russell 2000 small cap index has lagged the broader market so far in 2024, but now it may be showing signs of strength.
The first pattern on today’s chart is the lower low and higher high on Monday versus Friday. That kind of bullish outside candle may suggest that buyers are taking control.
Second, prices pushed above a falling trendline from the December...
Hi guys,
Just additional info on Russel 200 that some may find useful
I was pointing out the control buyers have at the moment on this index.
Further on that, it is the first time that Russell has pulled back from the range high that it has been at for over a year and made an impulsive move to the upside and not down. Also the clear support on the pullback from...
Regardless of macro environment or whatever else the price action on the Russel 2000 chart is a warning ... DONT short the indices YET... they still have some way to go.
Bullish pennant after bullish pennant in the move up from the bottom should leave no doubt in anyones mind.
A copy and paste of the flagpole of the large pennant puts the target just below its...
This is the most asymmetrical reward to risk trade I see right now of all the markets I follow. As I do the math, there is a potential reward of $10 for every $1 of risk. I dream of set ups like this. Of course, that does not mean it will be a winner. TVC:RUT $M2K_F
RUT has created an interesting daily price chart:
1. it shows a pole/flag pattern with a potential to move another step upwards - but how much?
2. it shows an inverted Shoulder-Head-Shoulder pattern, which points to a potential move - eventually erractic ? - towards 2100 points.
3. the cyclical pattern let us expect a feelable trough only towards end of...
adding together the indices to create this index combo chart of naz spx and russell to get a nice big picture view.
can the economy support high growth to justify this implied stock growth premium?
momentum in indicators could be waning.
Price has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold,...
While everything else put in really big rallies RUT has lagged and acted a lot more consistently with a classic bull trap pattern.
I continue to think the weakness in the RUT is sus, because in theory small caps should be stronger into the early section of a bull market.
Probably a spike to come. Likely a fast one. Maybe a good time to be long OTM calls, but...
:: Fundamentally S&P, DOW, and NAS have broken the all-time high while Russell is at -20% from the previous high because RUSSELL is low cap index and they suffers when the interest rate is high -- RUSSELL is waiting for the NEXT rate cut to RUN above the existing zone (which is by the end of Jan and March. It seems that there will not be a rate cut in...
US2000 is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1,944.21
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1,988.39
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci...
US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at 1924. Preferred trade is to buy on dips.
We...
