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Smallcaps

Small Cap Rotation - EpicLots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time! With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+ Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech. I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here. BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence. The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+, The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication) Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
AMEX:TNALong
by ptero1492
5
Russell, 22 Dec. End of a Gigantic RangeIWM has been in a range for 329 days. It has tested the lower boundary 7 times. Many analysts now believe that 2022 will see a rotation back into value and small-caps, after 2021 was the year of the big tech corporations. Elliott: The range makes it difficult to determine a clean count, however we can count 5 waves to the downside in the last swing from 8 Nov. This is important because any complex correction such as the WXYXZ would complete with a 5-wave move, before price departs to the upside. Oscillators: The MACD crossover is imminent and the MFI is pointing upwards after a bullish divergence. Geometry: Price has reversed on the 50% Fib of the current pitchfork with a typical reversal doji. The next resistance is the pitchfork median at 221, potentially the end of wave (i). How I trade it: If we assume that the range is a completed re-accumulation, we can begin to build back long exposure. In Wyckoff terms, we would now be looking for the LPS/SOS stages. If price gives us a wave (i)-(ii) structure (in blue), we will get a H&S pattern that provides a solid bullish setup (long above wave B of (ii)). Support on the pitchfork median and a break of the 20 week MA at 224 would then signal that our assumption is likely correct. A well-prepared entry is important because price can also exit the range to the downside. The bullish idea is invalidated if price moves out of the pitchfork altogether, which is below 202.
AMEX:IWMLong
by UnknownUnicorn12250317
BNGO Sell Off TodayNASDAQ:BNGO OANDA:US2000USD BNGO down 5.63%...time to panic? Absolutely not, after the rally of small caps over the last two days, it is expected to see a pull back. Short term traders are locking in profits, and volatility was low today (only 5.6Mil). I expect to see the climb of BNGO through the holiday season. Current Options Positions Short Calls - Strike 5.00 @ 1.21, 21-01-2022 Long Puts - Strike 2.00 @ 0.05, 21-01-2022 Short Calls - Strike 6.00 @0.21, 21-01-2022 Current Stock Positions @5.97 @4.00 @3.69
NASDAQ:BNGOLong
by braydenboyko
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further. It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised. A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline. Risk Reward Ratio - 2:1 SL placed below major support and below trendline.
Long
by tradewidmufeeth
1
Biotech primed for a move higher?This one is almost pure intuition. We're in pharmaceuticals earnings season now. Seagen reports after market today. A bunch of other large holdings of XBI report on November 3-4, and a bunch more on November 8. Bonds and tech stocks have made a breakout move upward, and small caps look primed. (XBI is full of small and micro caps.) XBI has had a long consolidation here, and I really like the price action on it today. A lot of other sector funds have had mid-day pullbacks, but XBI has maintained its steady upward slope. It has poked above the 20-day EMA. My guess is that this will be green again tomorrow, so I've rolled the dice on a call expiring October 29. I'm also looking for continuation the next two weeks, with a first target of about 131.75.
AMEX:XBILong
by ChristopherCarrollSmith
17