2 Dec 2019

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

by | posted in: Derivatives, Economy, Equities, Technicals | 0

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

30 Sep 2019

Russell 2K Denied At Dual Resistance, Markets Not Buying Elevated ’20 Earnings Estimates

by | posted in: Derivatives, Equities, Technicals | 0

After a decent three-week rally, the Russell 2000 hit a ceiling just short of 1600 two weeks ago.  It closed last week right on the 200-day.  A convincing breach raises the odds of a test of support at 1450s.  This … Continued