Having Failed In Feb And Apr, Russell 2000 Attempts Another Range Breakout – Flows Not Cooperating

posted in: Derivatives, Equities, Technicals | 0

Third time is a charm for small-caps? Having tried – and failed – twice to break out of a months-long range, the Russell 2000 small cap index went for a third one last week.  Odds favor it meets with the … Continued

Public Embraces Stock Rally – Will Crazy Get Crazier?

posted in: Credit, Economy, Equities | 0

ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May.  Year-to-May, a total of $203.8 billion came in.  International equity ETFs made it big, as seven of the top 10 belonged … Continued

Diverging Messages From Three Major U.S. Equity Indices

posted in: Derivatives, Equities, Technicals | 0

If we just focus on tech stocks for a moment, one gets the impression that it is a very strong market. Right after the November election last year, tech stocks in general lagged.  But they came into life as soon … Continued

TLT Repelled At Resistance – Likely Headed Lower Near Term

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

Last week, bond bulls wasted a big opportunity.  Sort of.  Intraday Friday, 10-year Treasury yields broke down, but only to recover big by close. On December 15 last year, yields hit 2.62 percent before retreating.  This resistance goes back to … Continued

Small Caps Rally Back To Range Resistance – Shorts Can Get Active/Bulls Can Get Tempted To Sell

Down 5.6 percent from intraday peak to trough in 19 sessions, and then up 4.1 percent from low to high in five.  The Russell 2000 small cap index continues to play ping pong between range support and resistance. Last Friday, … Continued