Repeat after me: “I will never again doubt that the small caps (Russell 2000) are the ultimate foreshadowers.” When on June 27th they were first to return to a bull phase, to July 8th when they made a first attempt …
The energy sector joined the other groups in the bull phase: Financials, Retail, Biotechnology, Oil, Oil and Gas Exploration and Oil Service Holders. But, Real Estate remains in the weakest phase, with Homebuilders right behind. Transportation couldn’t make it to …
Frequent and devoted readers: Small caps (Russell 2000s) have been a tell for us for quite some time. Friday, they closed on new highs. But more importantly, as the July 4th holiday gave me time to reflect on the market …
Half a day on Wednesday with firming action and no real change to the phases in any of the indexes or sectors. Friday, especially if follows the direction established on Wednesday, should be decisive on whether or not the S&P …
The market began to retreat from the top of the predicted range pre-holiday. But, it did not get anywhere near the low end of the anticipated range. In S&P 500, we saw the resistance near the 50 daily moving average. …
If the top of range in the S&P 500 this week is the 50 DMA, (162.50) then it stands to reason that 157.00-158.00 area should be the bottom of that range, provided that SPY does not gap above 50 DMA …
Not all too surprising, the market retreated from the 4 day rally, which followed the harder and more volume-packed 4 day decline thus ending the week in warning phases in all but the Russell 2000’s(small caps) which actually confirmed the …
4 gaps higher on the indexes this week and although trading the system consistently, my overriding question continues to be “When does the other shoe drop?” I see a strong US Dollar (bullish phase in fact), rates dropping some from …
In spite of the fact that all the indexes remain in warning phases, even the small caps (Russell 2000), at least got closer to the 50 DMA after the poorer than expected GDP. Since so much of the market is …
Has it really come to this? The market drops 130 or so on Monday but the feeling is bullish for the next day. The next day the market rallies 100 and the feeling is back to cautious. As you might …