Imminent (?) breakout retest on RUT probably validates bullish small-cap thesis

posted in: Derivatives, Equities, Technicals | 0

Small-caps relative outperformer past several weeks Hard to make fundamental case, but technically RUT acts very well Ideal, and probable, scenario: RUT pulls back for successful retest of recent breakout There is something very interesting going on in the small-cap … Continued

XLY’s near-term direction probably down in midst of energy uncertainty

Crude oil is on the move.  Since early April to last week’s high, the Brent has gone up by over 11 percent.  The West Texas Intermediate found a trough much earlier – early this year – and until the high … Continued