US2000 trade ideas
US2000 RSI divergenceUS2000 shows RSI divergence on the daily chart. In my opinion the price will fall to February 2020 highest price around 1700.
Open: Market open
SL: 2155
TP: around 1700
Magic Trend: Trade with Confidence!Access to this code is strictly reserved for trainees and friends.'
#Russ2K transitando canal correctivoluego de un swing impresionante descansando un poco toco el 0,5 del retroceso de FIBO
PLaneta Trading
Russell 2000, counter trend shortStill bullish long term but there's a high reward short signal
Confidence -> medium/low
Look at this Russell 2000 chart on the weekly.At level 2000Yes the US2000 is at the 2000 level. physiological level for sure. Looking like its time to let go some profits or will this bull market continue.
Russell 2000 index is fighting against 3 major resistanceslet's see what happens the next week maybe a correction is coming, what do you think?
Ponzi scam end gameTrump doubled his investments and now he's leaving us with huge debt that average Joe will have to pay for.
Those that went long since October, I salut you.
With the new office, I believe we'll discover a lot of shady stuff that will make serious correction in the market.
Im beginning to short Russel 2000 with TZA
TZA?I believe this chart is self explanatory. I'm suggesting that it would be a good time to scoop up some TZA Shares. Please comment and let me know what your thoughts are. This is not investment advice.
RUT Russell - even bigger BUTTERFLY harmonic at the 2000 TOP?
bear butterfly harmonic in play
increased volatility in this levels
recent major pull back
US2000USD: RUSSELL 2000 correction COMMINGUPDATED COUNT looks primed for CORRECTION
HOW upcoming STIMULAS DEAL will affect COUNT ?
Russell RUT - BUTTERFLY harmonic pattern - 1988ATH TOP reversal?
Russell ATH 1988 day
1m chart exact HARMONIC BUTTERFLY 0.886 & 1.27!
long waited reversal day?
Russell RUT - major trend reversal area 1980 -2130?
Russell a second major UP trend leg almost done
reaching top of a major channel - possible resistance point
Russell 2000, Medium confidence Short Short setup at Resistance 1 & Resistance 2, better to enter at resistance 2
See chart
Confidence: Medium/High
RUT OvervaluedThe Russell is heavily overvalued. Do not expect the FED to inject liquidity forever, and once insolvencies begin, you are going to wish to have invested in companies with strong balance sheets.
US200USD: RUT SIDEWAYS then CORRECTION commingExpect Russel to trade sideways until other indices align then Correction as shown
Russell shortWe are about to hit the 161 fib on a AB=CD pattern alert set on the 161, keep an eye on momentum since the hourly still looks strong
RUT Bullish Momentum CluesThe current Russell 2000 (RUT) rally from the 10/30/20 bottom is the largest and longest spike since the start of the secular bull market in March 2009.
That earlier spike was the kickoff of the secular bull market. The current spike is probably a speculative blow off top. Sharp moves up in small cap stocks is typically
a phenomenon of late stage bull markets. Speculators after months of upside action are now comfortable taking additional risk.
RUT rally could continue for several weeks. Most of the time price will peak on one or more RSI bearish divergences. Since the start of the RUT bull market, rallies have ended six out of the last eight times with bearish weekly RSI divergences.
Bullish seasonal factors and Fibonacci price/time relationships provide additional bullish evidence for US stocks and are examined in my website. Bears beware, its been
very difficult shorting since April 2020, this situation could continue for at least several weeks.
Mark
THE WEEK AHEAD: GDXJ/GDX, XLE, KRE, SLV, IWM/RUTEARNINGS:
No options liquid underlyings announcing earnings this week that meet my criteria for a volatility contraction play, although ORCL (24/31) and WORK (2/33) both announce and could be played in some other way.
EXCHANGE-TRADED FUNDS RANKED BY THE PERCENTAGE THE JANUARY AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
GDXJ (14/41/12.1%)
XLE (25/41/10.4%)
KRE (23/40/10.6%)
SLV (28/41/10.2%)
GDX (15/38/10.2%)
EWZ (15/39/10.0%)
BROAD MARKET EXCHANGE-TRADED FUNDS RANKED BY THE PERCENTAGE THE JANUARY AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
IWM (23/28/7.1%)
QQQ (20/27/6.3%)
DIA (15/21/5.2%)
SPY (12/20/4.8%)
EFA (17/24/4.4%)
Pictured here is a RUT January 22nd 1655/1705 short put vertical with the short option leg camped out at the 16 delta. Markets are showing wide in the off hours, but look to get at least 10% of the width of the spread out of any play, with the preference being to put something on in a down day with the accompanying rise in volatility and expansion of the "probability cone." A smaller alternative would naturally be in IWM, where I'd look to get at least .50 out of January 22nd 162.5/167.5 5-wide.
For those who like to swim naked, the IWM January 22nd 162.5 (15 delta) and was paying 1.91 as of Friday close (1.15% ROC at max as a function of notional risk; 8.93% annualized).
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On the IRA/retirement account front, I'll be looking to programmatically deploy buying power in broad market over medium to long-term time frames over the next several weeks and then turn to focusing on shorter term plays, so you're likely to see some apparently oddball things in my ideas feed that won't make a ton of sense looked at in isolation and won't be for everybody not only due to buying power effect, but due to duration. I'm using SPY here, but one can certainly do something similar in another of the cheaper (a relative term) exchange-traded funds with high liquidity that will allow you to ladder out in time without giving up too much to lack of liquidity in longer duration.
Essentially, it will look like a short put ladder, but with the rungs put on over time in increasing duration in similarly delta'd strikes or in strikes which pay a certain ROC %-age relative to the strike price (e.g., the SPY February 19th 321 short put, paying 3.27; the March 19th 300 short put, paying 3.02; the April 16th 283, paying 2.87, etc.), after which the individual rungs will be separately managed.
Although this isn't particularly buying power efficient relative to defined risk spreads, I'm shooting for a setup that is relatively set and forget running into retirement where I don't necessarily have to pop my portfolio open on a daily (or even weekly) basis to manage trades, but can go for fairly lengthy periods of time without having to touch or manage rungs and with modest expectations as to ROC %-age.
As a "quasi-cash" option, I'll also continue to deploy idle buying power in things like HYG puts (See Post Below) just that I'm not earning 0% of 0 and where I'm comfortable taking on shares and selling call against. Point in fact, that is probably not a bad stand-alone setup for an extremely conservative investor who isn't keen on taking broad market bullish assumption positions at all-time-highs where a number of people are calling "bubble" week after week. That being said, even this type of setup isn't riskless, as we saw in the March "sell everything" dip. At some point, you will potentially have to take on shares ... .
