Breakout In Small-Caps Can Drive Several Metrics Into Dangerously Extended Territory

posted in: Credit, Economy, Equities, Technicals | 0

Large-caps keep making new highs.  Should small-caps, which currently sit at crucial juncture, manage to break out, risk-on sentiment can get a tailwind, driving several indicators – already extended – to dangerously extended territory. US equity indices keep making new … Continued

Several Risk-On Metrics Diverging, But Momentum Ball With Bulls For Now

US stocks rallied strongly last week.  Bulls enjoy momentum right now.  That said, risk-on is not full-on.  What transpires at 2890s on the S&P 500 can be a tell near term. May’s employment report was mixed at best and disappointing … Continued

Stocks Up Last Couple Of Sessions, With Signs Risk-Off Not Completely Let Go

posted in: Credit, Equities, Technicals | 0

Before large-caps were sold early May, traders were already gravitating toward risk-off.  Stocks have rallied the past couple of sessions, but there are still no signs of full-on risk-on. Eight sessions ago, on May 6, the Russell 2000 small cap … Continued