Russell 2000 On Verge Of Golden Cross, Even As Ratio Of Nasdaq 100 To Russell 2000 At Potential Reversal

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The Russell 2000 continues to attract offers at 1900. Amidst this, a golden cross is near completion. Plus, a ratio between the Nasdaq 100 and the Russell 2000 is potentially nearing reversal, raising the odds that the latter begins to … Continued

With 4Q Earnings Season Underway, Major US Equity Indices Rally Last Week Right Into Make-Or-Break Resistance

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With two consecutive weeks of rallies, major US equity indices closed last week right at/near crucial resistance. This is taking place even as companies are getting ready to report 4Q22 earnings, which over the last multiple weeks have been persistently … Continued

Amidst Flattish Earnings Revision Trend Past 2 ½ Months, R2K Posts Yet Another Record Tue

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The Russell 2000 rose to yet another new high on Tuesday, having surged more than 120 percent since last March. A lot of optimism is built in. Earnings are expected to improve massively this year from last year’s loss. Be … Continued

After Rallying To New High, Extended Russell 2000 Gives Out Subtle Signs Of Fatigue Wed

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The Russell 2000 has a parabolic look to it. Post-presidential election and vaccine news, investors are piling into the index. On Tuesday, the index had opened up a 31.1-percent gap with its 200-day – the most ever. Amidst this, Wednesday … Continued

Margin Debt Grows In Sep – A Down Month – Russell 2000 Breaks Out In Oct; Bulls Will Love If Russell 2000:S&P 500 Breaks Out Next

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September was a down month, but it turns out the selloff was used as an opportunity to buy. Use of leverage grew last month. This was then followed this month by improved price action in small-caps, which investors tend to … Continued

V-Shape Recovery In S&P 500, Not In Economy – How Russell 2K Behaves Around 1600+ Probably More Important

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Economic data are coming in mixed after recent lows. In the aggregate, there is no V as far as the economy is concerned. In contrast, the S&P 500 completed a perfect V, which came about over six months. As things … Continued

After Several Tries, Russell 2000 Breaks Out Of 1450s, But Bears Not Backing Down Just Yet

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The Russell 2000 Wednesday broke out of 1450s, although bulls were forced to retest the breakout in the very next session.  Wednesday’s low-volume breakout comes against the background of a collapse in small-cap earnings this year and elevated optimism next … Continued

Post-Russell 2000 Breakout, NFIB Survey Shows Big Improvement In Small-Business Profit Trend

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Two weeks after the Russell 2000 breaks out, November’s data shows big improvement in small-business profit trend.  Job openings is another data point worth watching.  Small-business openings currently are diverging with the national trend. The recent breakout in small-caps is … Continued

Small-Cap Bulls Hope Last Week’s Breakout Precedes Stability In Both Macro And Earnings

Small-caps broke out last week.  This comes amidst earnings deceleration and softening in several macro data.  If things turn up as they did in early 2016, bulls would have been vindicated.  Their conviction level will be put to test by … Continued

Depending On If Bulls Or Bears Win Out At 2800 On S&P 500 Can Be Telling

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After the October-December rout, US stocks rallied big in January and February-to-date.  Several data points such as consumer and investor sentiment followed suit, but their rise has been muted.  For longs, this could mean there is room for more strength, … Continued