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Russell2000

Russell 2000: Reversal Soon??IWM is very close to multiple potential resistance lines. (rectangle) I would not be surprised to see a reversal soon, like with the SPY. Looking for price signal of a reversal such as bearish candle pattern or a price drop below a up trendline break. Note: long and shorter term drop in volume. There is a potential bearish divergence in the daily RSI. IFFF my count is correct (there are often wrong even with so called experts) wave 3 of C could be fast and furious. Process your way. Best to you.
AMEX:IWM
by goodguy
7
RTY (Russell) (4H) Backtest : Break of market structureWinners = 8 Losers = 3 Breakevens = 2 Total Trades = 13 % Non Losers = 77% % Winners = 62% % Breakevens = 15% % Losers = 23% Win/Loss = 267% Net R = 9.8 Avg R/Winner = 1.23 Avg R/trade = 0.75 Bad trades prevented due to presence of liquidity near SL= 26 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).
CME_MINI:RTY1!
by makuchaku
Russell's Temporary Breakout 10/4/2020RTY at the daily view. The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel. Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ. Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July. Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it.
CME_MINI:RTY1!
by Itsallsotiresome
October 4 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Low-Volume Area Below $3,320; High-Volume Area At $3,370; NDX, RUT, and SPX divergence. Technical: Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the sell-off. During Last Week’s Action: Participants defended the low-volume area -- which denotes upside directional conviction -- below $3,320. Most notable was what happened after Thursday’s failure to extend past responsive selling at the $3,370 high-volume ledge. The lack of conviction resolved itself in Friday's overnight liquidation on news that U.S. President Donald Trump contracted COVID-19, thus returning the market back into balance. Defense of the low-volume area, alongside the development of low-excess highs during the U.S. cash session, suggests the potential for further upside. Auctioning through the low-volume area, however, may trigger downside follow-through, with the S&P 500 moving as far as the $3,198 swing low. Scroll to bottom of document for non-profile charts. Fundamental: ARK Invest CEO and CIO Catherine Wood suggested another stimulus bill would be released prior to the election, with Airlines being one major beneficiary. A problem with such a bill is that the economy has hit escape velocity and some of the stimulus included may not be necessary. bit.ly “We also, in terms of fiscal policy, hope that these policies are not going to get in the way of so-called creative destruction. What we mean by that is disruptive innovation tends to take off during difficult times. But, if companies and industries are being subsidized just to hang on a little longer, that’s probably not good for anyone.” Simply put, Wood theorizes the government's stimulus of dying industries is a disservice, as it diverts resources to less productive areas of the economy. Key Events: Monday: Fed Barkin Speech, ISM Non-Manufacturing, Fed Evans Speech, Fed Bostic Speech. Tuesday: Balance of Trade, Fed Chair Powell Speech, Fed Harker Speech, Fed Kaplan Speech. Wednesday: MBA Mortgage Applications, Fed Barkin Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, FOMC Minutes, Fed Williams Speech, Fed Kashkari Speech, Consumer Credit Change, Fed Williams Speech, Fed Evans Speech. Thursday: Initial Claims, Continuing Claims, Fed Barkin Speech, Fed Kaplan Speech. Friday: Wholesale Inventories. Recent News: U.S. election to supercharge structural trends, increased focus on sustainability. bit.ly Azerbaijan (Turkey-backed) and Armenia (close to Russia, Iran) conflict flares. bit.ly If the president holds onto Florida, then the entire election grows far closer. bloom.bg The Treasury market’s size to outstrip dealer capacity to safely intermediate. bloom.bg Uber Technologies Inc (NYSE: UBER) granted a London license after battle. reut.rs FAA Chief conducts two-hour evaluation of Boeing Co (NYSE: BA) 737 MAX. reut.rs Technology companies cozy up to Biden campaign with cash and connections. reut.rs U.S. auto sales stay on a path to recovery despite the tighter inventories. reut.rs Boeing Co (NYSE: BA) to move 787 production to South Carolina in 2021. reut.rs Fed’s Kaplan says he wants to be careful about further quantitative easing. reut.rs U.S. job growth slows; nearly 4 million Americans permanently unemployed. reut.rs Ford Motor Company’s (NYSE: F) auto sales recover on a demand pickup. reut.rs Uber Technologies Inc (NYSE: UBER) logistics division has raised $500M. reut.rs House Speaker Pelosi says airline aid deal is near, asks for halt to job cuts. reut.rs Tesla Inc (NASDAQ: TSLA) reports record deliveries, Model 3 underwhelms. reut.rs Lawmakers pressure U.S. trade representatives to strike Taiwan trade deal. bit.ly Tesla Inc (NASDAQ: TSLA) cut price on Chinese Model 3 with CATL battery. bloom.bg Wall Street is preparing its systems for the election trading surge, volatility. bloom.bg The COVID-19 vaccines further along in clinical trials are hardest to deploy. bit.ly China’s support for infrastructure investment will aid the economic recovery. bit.ly Structural shifts triggered by the pandemic to benefit a tech subsectors. bit.ly Senator McConnell cancels scheduled senate floor votes for two weeks. on.mktw.net ‘I wasn’t feeling so well. I feel much better now’: Trump’s address to America. on.mktw.net China’s economic recovery from the pandemic helps drive its stocks higher. on.wsj.com COVID-19 will lead to lasting behavioural changes in consumption and work. bit.ly Key Metrics: Sentiment: 26.2% Bullish, 30.7% Neutral, 43.1% Bearish as of 9/30/2020. bit.ly Gamma Exposure: (Trending Lower) 921,593,487 as of 10/2/2020. bit.ly Dark Pool Index: (Trending Higher) 44.7% as of 10/2/2020. bit.ly Product Snapshot: S&P 500 (ES): Gold (GC): Crude Oil (CL): Treasury Bonds (ZB): Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
Russell 2000 Index, Weekly Daily Chart Analysis For Sep 28, 2020Technical Analysis and Outlook As noted before, the small-cap Russell 2000 index is an excellent overall market indicator; The index shows us resuming it the Main/Intermediary uptrends since Sep 24. A buying zone is identified at Mean Sup $1,502 , with the exit at Mean Res $1,553 and Mean Res $1,591, and completed the Inner Index Rally marked at $1,602 respectively, based on one's money management scheme. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For June 29, 2020" page at the usual site.
TVC:RUT
by TradingSig
RussellPerhaps time to short, at least tactically. The Russell has fallen below both the 50 and 200 day moving averages and seeming confirmed a breakdown below a descending triangle (sloppily drawn) the began to form at the beginning of the month. On a daily chart of standard candles there is a gap to fill around 1423, perhaps we are headed there now. A trailing stop above the 10dma to stem any bleeding in the event of a hard reversal (JPow flaps his horse lips some more tomorrow) and the Fed put is still alive as far as we know so shorting is always uncomfortable. Trade accordingly.
CME_MINI:M2KZ2020Short
by austrian_trader
CSGP, MACD Histogram just turned positiveThis is a Bullish indicator signaling CSGP's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 57 similar cases where CSGP's MACD histogram became positive, and 43 of them led to successful outcomes. Odds of Success: 75%. Current price $859.78 is above $852.96 the highest resistance line found by Tickeron A.I. Throughout the month of 08/26/20 - 09/28/20, the price experienced a +2% Uptrend. During the week of 09/21/20 - 09/28/20, the stock enjoyed a +4% Uptrend growth. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on September 22, 2020. You may want to consider a long position or call options on CSGP as a result. In 73 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%. The Moving Average Convergence Divergence (MACD) for CSGP just turned positive on September 28, 2020. Looking at past instances where CSGP's MACD turned positive, the stock continued to rise, Tickeron AI shows that in 43 of 57 cases over the following month. The odds of a continued upward trend are 75%. Following a +4.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSGP advanced for three days, in 250 of 345 cases, the price rose further within the following month. The odds of a continued upward trend are 72%. CSGP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. Fundamental Analysis (Ratings) Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.44. The Tickeron Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average. The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents. The Tickeron SMR rating for this company is 33 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock. The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. CSGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents. The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.46) is normal, around the industry mean (3.51). P/E Ratio (105.54) is within average values for comparable stocks, (139.98). CSGP's Projected Growth (PEG Ratio) (44.75) is very high in comparison to the industry average of (2.60). Dividend Yield (0.00) settles around the average of (0.11) among similar stocks. P/S Ratio (17.68) is also within normal values, averaging (7.36).
NASDAQ:CSGPLong
by AlTorress
PLMR, was a top quarterly gainer, rising +20.83%. Palomar Holdings (PLMR, $100.53) was one of top quarterly gainers, jumping +20.83% to $100.53 per share. Tickeron A.I.dvisor analyzed 46 stocks in the Property/Casualty Insurance Industry over the last three months, and discovered that 28 of them (61.11%) charted an Uptrend while 18 of them (38.89%) trended down. Tickeron A.I.dvisor found 172 similar cases when PLMR's price jumped over 15% within three months. In 152 out of those 172 cases, PLMR's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for PLMR are 88%. Current price $100.04 crossed the support line at $101.56 and is trading between $101.56 support and $90.73 resistance lines. Throughout the month of 08/18/20 - 09/18/20, the price experienced a -3% Downtrend. During the week of 09/11/20 - 09/18/20, the stock fell -4%. Bullish Trend Analysis PLMR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. The Aroon Indicator entered an Uptrend today. In 103 of 109 cases where PLMR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
NASDAQ:PLMRLong
by AlTorress
September 13 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Dull Participation; Poor Structure On Both Sides; Strong Names Break Trend. Technical: Broad-market equity indices ended the week lower with the S&P 500 correcting to $3,300. Recapping last week’s action, on Tuesday, alongside Brexit news, on a second attempt, the S&P 500 broke through the $3,400 low-volume area, suggesting directional conviction changed. After spending much of the day trading neutral, the S&P extended lower, in-line with delta and away from value. On news of AstraZeneca plc's (NYSE: AZN) suspended COVID-19 trial, selling continued overnight into a base of liquidity in the $3,290 region before buyers regained control and one-time framed the market higher, to and through prior value and the low-volume area broken the day prior. On Thursday’s economic data, the S&P 500 liquidated after non-convicted buyers failed to take out the prior day's low-excess high. Selling intensified as the market ate into prior low-volume, before closing off on a weak low, in-line with the prior day's cash-session low. After tech shares led an overnight rally up to some low-volume areas from the prior day's session, machine-like selling appeared and pushed the market through the weak low’s, before buyer's regained strength to finish Friday off in-range. Overall, the recent mechanical activity to and from key technical levels denotes the non-presence of larger other time frame (OTF) participants and conviction. Heavily weighted index constituents are breaking trend while the broad market’s failure to extend much lower into the poor structure below it, coupled with reduced volatility pressures, suggests immediate downside may be limited. As a result, it’s time to temper expectations and look to reposition in line with emerging macro-economic and geopolitical themes. Scroll to bottom of document for non-profile charts. Fundamental: ARK Invest analyst Sam Korus suggested that the risks to auto loans, the securities supporting them, and underlying collateral may threaten the entire auto ecosystem. “The percent of auto loans delinquent by 90 days or more has been rising for almost four years and is approaching levels last seen during the Global Financial Crisis (GFC) in 2009, as shown below. During the GFC, most consumers and businesses prioritized the servicing of auto loans over their mortgages because, in the absence of ride-hailing, they relied on vehicles to keep their jobs and businesses going. Now working from home, they seem to be prioritizing mortgages and home equity (HE) loans over auto and credit card debt.” Korus also noted delinquencies may double while the underlying collateral will likely see a depression in residual value due to the mobility revolution. As a result, consumers, lenders, dealerships, and auto manufacturers may suffer financial damage as secular risks rebound in the tail-end of the COVID-19 recovery. Source: ARK Investment Management @ bit.ly Key Events: Tuesday: Industrial Production. Wednesday: MBA Mortgage Applications; Retail Sales; Business Inventories; NAHB Housing Market Index; EIA Stocks Change; FOMC Economic Projections; Fed Interest Rate Decision; Fed Press Conference; Foreign Bond Investment; Overall Net Capital Flows. Thursday: Building Permits; Jobless Claims; Housing Starts; Philadelphia Fed Manufacturing Index. Friday: Michigan Consumer Sentiment; CB Leading Index; Michigan Inflation Expectations. Recent News: White House eyes executive actions as virus-relief talks appear finished. wapo.st Weekly jobless claims flatten as the labor market shows signs of fatigue. reut.rs Bank of Canada head says too soon for exit from stimulus, will adjust QE. reut.rs Forecasters see a 69% chance of an accessible vaccine by March 2021. bit.ly New York office glut signals market downturn amid coronavirus recovery. reut.rs Used cars drive U.S. consumer prices higher; inflation pressures firming. reut.rs NYSE indicates that it will exit New Jersey if the state taxes stock trades. reut.rs Equity market turmoil seen unlikely to provoke Federal Reserve response. reut.rs U.S. proposes to waive minimum flight requirements for airlines until 2021. reut.rs Tesla Inc (NASDAQ: TSLA) launches fast electric car charging in Berlin. reut.rs Pandemic e-commerce surge spurs race for Tesla-like electric delivery vans. reut.rs Return of rush hour traffic in Europe and Asia adds to mixed outlook for oil. bloom.bg West Coast freight networks ‘bursting at the seams’ with surging imports. on.wsj.com Equity funds have seen net outflows every week for every month of 2020. bit.ly Purchasing managers’ indexes from ISM and IHS Markit show recovery. bit.ly Production problems spur FAA review of Boeing Co (NYSE: BA) 787. on.wsj.com Copper on the cusp of a historic supply squeeze as China ups demand. yhoo.it New set of digitally influenced norms and behaviors born among consumers. bit.ly Second wave of COVID-19 confronts Western Europe, following a sharp fall. bit.ly Small businesses exhausted federal funding and started to lay off workers. bit.ly Equity market volatility stemmed from risk of new, different tax frameworks. bit.ly August jobs stronger than anticipated but did not meaningfully change outlook. bit.ly European recovery is losing momentum as demand is soft, uncertainty remains. bit.ly Japan’s economy to mark sharp contraction as a second wave materializes. bit.ly Downtrend in credit quality slowed with upgrades outnumbering downgrades. bit.ly Simon Property, Brookfield Property to buy JCPenney Company Inc (OTC: JCPNQ). cnn.it Economic model reform hopes rise as China focuses on inward economic shifts. reut.rs Rise in remote, distributed workforces may drive new wave of venture deals. bit.ly World Agricultural Supply and Demand Estimates as of September 11, 2020. bit.ly The global energy transition is well under way and is accelerating rapidly. reut.rs Walmart Inc (NYSE: WMT) to test drone delivery of grocery household items. reut.rs U.S. airlines warn on travel recovery while awaiting fresh recovery aid. reut.rs U.S. utilities say Biden plan to cut C02 hinges on breakthroughs in clean tech. reut.rs Key Metrics: Sentiment: 23.7% Bullish, 27.8% Neutral, 48.5% Bearish as of 9/9/2020. bit.ly Gamma Exposure: (Trending Lower) 1,970,983,599 as of 9/11/2020. bit.ly Dark Pool Index: (Trending Lower) 42.1% as of 9/11/2020. bit.ly Product Snapshot: S&P 500 (ES): AMEX:SPY TVC:SPX Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX Russell 2000 (RTY): AMEX:IWM TVC:RUT Gold (GC): AMEX:GLD Crude Oil (CL): AMEX:USO TSX:DBO AMEX:USL Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in. Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175. Thanks as usual for keeping the feedback coming 👍or 👎
OANDA:US2000USDShort
by ridethepig
2
RTY - Possible Downward Channel Forming 9/12/2020RTY at the daily view. It seems that the RTY is stuck between an upward channel and a downward channel. Since liquidity levels are dropping pretty fast, that downward channel is starting to become more legitimate. If so, there is a gap at 1419 that has yet to be filled. Algorithms and the selloff can head over there pretty fast. Since liquidity is back going downwards, it seems RTY is going to back as my favorite short target again. Unlike the NQ, RTY is a little more predictable in its bigger levels. That's what I like about this index.
CME_MINI:RTY1!
by Itsallsotiresome
$RUT Small CapsQuick look at the small caps - RUT hasn't been as enthusiastic as the SPX and the Nasdaq. We see that, while it's had its own run since the March bounce, this upward trend line has been broken below in the past few sessions. Next major support is 1450 area. As i've mentioned in my previous post, look to small caps and financials to act as a drag to any bull rallies in the SPX and tech. For the time being, technical indicators doesn't seem to support a bounce or a rally in small caps.
TVC:RUTShort
by grenadetrade
RIDE THE RUSSELL!! Our Favorite This Year!Hello Traders, IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades. We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels. Let's go straight to the chart. 2 important levels: 1. $153-154 major breakout support 2. $148-$150 previous breakout support These 2 levels put us in a nice buying support range. Although we don't see it on this chart the Russell2000 (CFD) is currently up 1.2% (9/7/20 12:20 PM EST). A daily candle close above the $1541 level would put us right back on the bullish zone. Watch for a potential gap up on the Russell going into Tuesday trading session. RIDE THE RUSSELL! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
AMEX:IWMLong
by KoreanStreetBets
Demand was spotted in S&P 500 plus how to trade up thrustCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 7 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Also, I will talk about the four major indices e.g. NASDAQ, Dow Jones, RUSSELL 2000 and the S&P 500. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later. Check out my daily market analysis video in the last session if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); bullish (long term) Key levels - Resistance: 3487–3560; Support: 3400, 3340 Potential setup - Look to long near 3400 or 3340 upon reversal. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 review - potential false breakout trade in trading rangeCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 25 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Those two potential trades from the trading range were based on false breakout (or spring setup). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later. Check out my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); bullish (long term) Key levels - Resistance: 3480-3500 ; Support: 3420–3430, 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230 Potential setup - Look for potential long entry upon rebound from 3420–3430. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
4