For Several Weeks, Bulls Bought Support, Bears Sold Resistance – Latter Could Get Active N/T

August for the most part saw bulls buy support and bears sell resistance.  This worked out pretty well for both camps.  In essence, after a late-July/early-August brief selloff, both put their foot down.  Last week, major US equity indices rallied … Continued

Too Soon To Say It’s Risk-On, But Bulls Continue To Defend Important Support on Russell 2000

posted in: Equities, Technicals | 0

Once again, small-cap bulls defended two-year support on Russell 2000.  Oversold momentum indicators are itching to move up.  But there is no sign of full-on risk-on just yet.  There is plenty of overhead resistance where bears are likely to get … Continued

Equity Indices Eyeing Fresh Highs – Trader Reaction To Earnings Key

posted in: Derivatives, Equities, Technicals | 0

Major equity indices are within striking distance of fresh highs.  Bulls hope the low hurdle in 1Q19 earnings helps put volatility under more pressure.  Trader reaction to earnings is key. Major US equity indices are a stone’s throw away from … Continued