18 Jun 2020

After Massive 3-Month Rally, Russell 2000 Trading Within Narrow Range; Immediately ahead, Test Of Lower Bound Likely Lies Ahead

by | posted in: Equities, Technicals | 0

After a massive rally in the past three months, the Russell 2000 is tracing out a consolidation pattern.  Investor optimism remains very high.  For continuation of the uptrend, money-market funds likely hold the key.  Barring their cooperation, bulls will have … Continued

17 May 2018

US Stocks Beginning To Reflect Elevated Optimism Near Term

by | posted in: Derivatives, Equities, Technicals | 0

The S&P 500 just broke out of trend-line resistance from late January, and apparently spent tons of energy in doing so.  Near-term, the options market is reflecting elevated optimism.  Unwinding is likely. US stocks enjoyed a nice rally in the … Continued