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

Small-Cap Bulls Defend Support Again, Staring At Tons Of Resistance Above

posted in: Equities, Technicals | 0

Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed … Continued

Russell 2000 At Bottom End Of Range – Likely Gives Way

Did U.S. small-caps lead or lag in the past four months?  Depends on the timeframe. Post-November 8 election through the March 1 all-time high, the Russell 2000 small cap index rallied 18.4 percent.  Year-to-date through that record high, it tacked … Continued