Markets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). TVC:RUT would rise rapidly, and my bet is on AMEX:TNA to follow. From a technical analysis perspective, the fact there is a...
WOW what a phenomenal day! There was HUGE volume on the TVC:RUT AMEX:IWM & it closed near the highs of the day!!! NASDAQ:NDX on the other hand had heavier than normal volume and closed near the lows of the day Add to the misery, bearish engulfing was formed today. NASDAQ:QQQ Did we just see the initiation of money rotation?
Let's see. I am betting on a generational low in small cap stocks and a bull run from here. My time horizon is 5 - 10 years, but looking at this year for the heaviest move. My portfolio consists of 35% TNA 20% XBI 15% RDFN 20% TAN 10% SPWR
SOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous time this has occurred in the past month, price has bounced into the second or third upper VWAP band line for a bullish momentum move. The mean VWAP is where big players like to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will show...
IWM is looking to break the downtrend from the recent pullback. Looking for a retrace to 199 - 201 range.
TNA finally broke out of the downward channel, but is now retesting that as support. A pretty good risk reward spot here as it has the EMAs as additional support Looking for a red to green open.
An inverse Head & Shoulder pattern is developing on the small caps indices. If this plays out an epic rally in the market will ensue.
Hooray for small caps! It is looking to me like AMEX:IWM (Russell 2000 small cap ETF) is ready to participate in the newest market rally. This is great news as it shows the market is broadening with more participation. I do not have a position yet, but I am looking to start one if this keeps showing strength. I may even use the 3x levered AMEX:TNA as a...
TVC:RUT went above the SUPPORT line again before it closed AMEX:IWM (Russell 2k) looking BETTER and better AMEX:RSP (equal weight #SPX) also looking GOOD, look @ BUY VOLUME! It's performing better than SP:SPX While we were wrong for couple days, we were RIGHT in the analysis that breadth was going to get better #stocks
- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY - QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore...
The Yearly Bull Flag continues as The Russell 2000 consolidated back to test the wedge pattern. Guided down today by the 2 hour 8 EMA, the Bollinger Bands have opened up and fallen away. Support was found at the Daily MBB.
The Russell confirmed an H&S with quick support after the break. Russell 2000 on watch in concert with NAS and the 10 Year Note.
Rotation on watch as the CPI will set direction for the remainder of this week's trading.
This Pattern has been the name of the game for the last week as the inverse H&S pattern did not break with the volume needed for a sustained move. The juxtaposition between NAS and RTY looks to continue. Jobs numbers on Friday should give direction.
new line in the sand. The market is digesting the GDP miss and the post tech earnings hang-over with AMZN being a bit light. A back test and hold of the inverse neckline will be on watch for rotation. OR will a correction in price ensue opening up some ranges?
This is nearing the end of the bull run. The coinciding successive bollinger band breaches to the upside on the monthly right at long term channel resistance spells one major leg down coming up shortly.
Once the RTY wedge breaks, it's going to take out all equity markets. RTY has been inflating insanely, google it. It's the key to the entire picture, that and the yields.
TNA which is the Direxion Daily S&P Small Cap 3x leveraged is an ETF that I just came across. I usually trade TQQQ and SPXL while carrying a small position overnight in order to mitigate my risk from daily rebalancing of the leverage ETFs. TNA has run up under 980% since the COVID - 19 sell off and is approximately 40% above its pre - pandemic high. I have heard...