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Russell2000

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
August 22 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Minimal Excess; Non-Separation Of Value; Untested POCs; Gaps Technical: Broad-market equity indices ended the week mixed with the S&P 500 recovering its all-time high on relative strength from the technology sector. Recapping last week’s action, Monday’s higher open on earnings and stimulus talks was followed by a balanced, low-volume session which migrated value to the top of prior balance. The market caught up to Monday’s delta, edging higher overnight on better than expected retail earnings, before liquidating, making a V-shape recovery, and resolving some resting liquidity at and above the $3,390 area. On Wednesday, after the Federal Reserve signaled signs of a difficult recovery, the market left value behind on a spike which repaired some weak structure in the $3,350 region. Responsive buyers quashed Wednesday’s weak-handed initiative activity, driving prices higher into Friday’s monthly options expiration, albeit with minimal participation from the broader market. Overall, the week ended in balance, again. In light of dull participation and poor structure on both sides of the market, attention has to be shifted to other stimuli, such as the cessation of trend in heavily weighted index constituents and decreased dealer hedging flows, among other things. If momentum was to grow faint, there’s the potential for a fast-moving correction of the poor structure left behind by the recent anxiety-driven activity. Still, the path of least resistance is up. Scroll to bottom of document for non-profile charts. Key Events: GDP Estimate; Initial Claims; Consumer Spending; Core PCE Price Index; University Of Michigan Sentiment; Conference Board Consumer Confidence Index; New Home Sales; Jackson Hole. Fundamental: Trading improves as China leads upswing; virus resurgence may delay negotiations. bit.ly Urban markets will recover after pandemic as Americans’ housing decisions evolve. bit.ly The ECB has signaled September to be a key month to read the economic recovery. bloom.bg China: Virus under control, V-shape recovery and strong demand, politics to worsen. bit.ly Majority of fund managers pulled out of LQD even after the Fed announced support. bloom.bg AMEX:LQD COVID-19 coronavirus drop in fuel demand to weaken credit metrics through 2022. bit.ly Fearing shipping crunch, retailers have initiated the earliest-ever holiday sales plans. reut.rs AMEX:XLY Despite recovery, economists suggest an unemployment tsunami maybe coming. bit.ly The peak leisure travel season is ending, and so might airlines’ modest recovery. bit.ly AMEX:JETS American Airlines Group (NYSE: AAL) attracts shorts on suspension of flights. bit.ly Wells Fargo & Co (NYSE: WFC) resumed job cuts, in-line with cost-cutting plans. reut.rs Deere & Co (NYSE: DE) shares hit ATH after company lifted its full-year forecast. reut.rs 3 new U.S. stock exchanges are set to launch by the end of this September. reut.rs Facebook Inc (NASDAQ: FB) weighs the kill switch for political ads after elections. reut.rs Canada June retail sales rose by a record 23.7%, rising above pre-pandemic levels. reut.rs Investor concern over Democratic win and tax increases valid, but overdone. mgstn.ly Eurozone money supply surge will not spark inflation in the near term. bit.ly U.S. dollar loses value and influence as debt rises, tax consequences uncertain. bit.ly TVC:DXY Stimulus has largely been offset by a decrease in the volume of transactions. bit.ly As homebuilder confidence matches record high, mortgage delinquencies rise. refini.tv Rising value of gold is evidence that the U.S. could be debasing its currency. bit.ly Detailed analysis on global venture funding during the coronavirus pandemic. bit.ly Asset managers at major U.S. investment firms encourage stock buying. bit.ly Workers win on Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT). reut.rs Johnson & Johnson (NYSE: JNJ) to test coronavirus vaccine in 60,000 volunteers. reut.rs Delay in fiscal support is negative for the US economy and consumer facing sectors. bit.ly Target Corporation (NYSE: TGT) hit sales record on the online shopping surge. reut.rs Market rally has more to do with asset inflation, which is fueled by liquidity support. bit.ly Corporations will assume the burden of safety, rising costs and lowering capacity. bit.ly People ready to start their household growing again, builders are playing catch up. bloom.bg General Motors Company (NYSE: GM) bets on electric Cadillacs, micro vans. reut.rs Southwest Airlines Co (NYSE: LUV) expects slower cash burn as bookings improve. reut.rs Fed policymakers see more easing ahead to help brace economy, sustain recovery. reut.rs OPEC+ pressed oil nations pumping above targets to cut more in August-September. reut.rs Lowe’s Companies Inc (NYSE: LOW) beats sales expectations on spending surge. reut.rs NY Fed’s index of real-time economic data showed a significant rise in its first revision. bit.ly Inflation is happening in the basket of goods that excludes food, fuel and housing. bloom.bg Analysis confirms the picture of rising income inequality and slowing income growth. brook.gs Sentiment: 30.4% Bullish, 27.2% Neutral, 42.4% Bearish as of 8/19/2020. bit.ly Gamma Exposure: (Trending Lower) 3,109,556,133 as of 8/21/2020. bit.ly Dark Pool Index: (Trending Lower) 42% as of 8/21/2020. bit.ly Product Snapshot: S&P 500 (ES): AMEX:SPY SPCFD:SPX Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX Russell 2000 (RTY): AMEX:IWM TVC:RUT Gold (GC): AMEX:GLD AMEX:GDX TVC:GOLD Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USO TVC:USOIL 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:ES1!
by Physik
RTY's Bull Flag Pt 2 8/18/2020RTY at the daily view. The Russell is still bull flagging. It's quite obvious by now. The downward movement is sometimes called "correction by time." A correction by time is not actually bearish. It means the Russell is consolidating for another move up. Unless the bears take the RTY down to the bottom of that flag pole, it's still bullish. The bears had a chance all this time to take it down. They didn't... yet. Liquidity levels are high enough to go scuba diving in. The chances of bears taking this below the flag pole? You might as well take a shot at the lottery. The most likely course of action is that a further pullback will just gather more buyers below - like me. If not, then the bull flag may bring the Russell even higher.
CME_MINI:RTY1!
by Itsallsotiresome
Elliott Wave View: Support Area for Russell 2000 (RTY)Elliott Wave View of Russell 2000 (RTY) suggests the rally from July 31,2020 low has ended at 1605.70 high as wave 3. Up from July 30 low, wave ((i)) ended at 1482.60 high and wave ((ii)) dips ended at 1467.80 low. Index then extended higher in wave ((iii)) towards 1552.60 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) of ((iii)) ended at 1510.60 high and wave (ii) pullback ended at 1493.70 low. Rally higher in wave (iii) then ended at 1551.60 high, followed by wave (iv) pullback, which ended at 1543.40 low. Wave (v) then extended higher and ended at 1552.60 high. Afterwards, the Index did a pullback in wave ((iv)), which ended at 1534.20 low. Finally, wave ((v)) higher ended at 1605.70 high. This final move completed wave 3 in higher degree and ended cycle from July 31 low. Index is currently correcting that cycle within wave 4. The correction is unfolding as a double three correction, where wave ((w)) has ended at 1560.90 low. The bounce in wave ((x)) ended at 1589.60 high. Wave ((y)) remains in progress right now. As long as 1451.10 low stays intact, expect the dips in 3,7 or 11 swings to find support for more upside. The 100-161.8% extension of wave ((w))-((x)) where ((y)) can end is at 1516.76-1544.71 area and is shown with a blue box. That area if reached later can produce 3 waves bounce at least.
CME_MINI:RTY1!
by Elliottwave-Forecast