Wealth Creation Through Natural Resources
Today we witnessed an important breakdown in small cap equities as represented by the Russell 2000 (IWM): IWM (Daily) After spending the last three months hammering out a significant top characterized by substantial momentum divergences the Russell 2000 broke … Continued
A post from Dr. Brett Steenbarger this morning reaffirmed some things that I was already thinking regarding where we may be at in the market cycle. The following excerpt is elegant and insightful: “….the psychological dynamics of market tops … Continued
Last week was a brutal start to the year for equity markets with the S&P 500 falling nearly 6% and the small-cap Russell 2000 shedding nearly 8% in a single week. The longer term structural damage inflicted by last week’s … Continued
The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and … Continued
The January effect is the theory that small cap stocks perform better in January than in any other month of the year. This is due to the idea that investors sell losing positions in December to capture losses for tax … Continued
Bearish sentiment has reached a fever pitch in recent days… The CNN Money Fear & Greed Index has been consistently stuck below 10 in the last couple of weeks Macro funds are now net short U.S. equity … Continued
Something is brewing out there, something big. Tom McClellan is seeing the possibility of a large drop in stocks beginning later this week: “We are already seeing confirming signs of liquidity problems in the weakening [advance-decline] line, which topped back … Continued
US equities have come under heavy pressure this week after the small-cap Russell 2000 post yet another all-time high last week. There are more than a few signs that all is not well for equities, however, the situation is not … Continued
The Russell 2000 (IWM) is up nearly 400% from the 2009 market bottom, however, judging by the following chart pattern breakout the final blow-off rally may have just begun: IWM has been in a messy consolidation since the end of … Continued