The Russell Is Still Not Crowing
* For emphasis… the market continues to narrow
$SPY -0.29%
$RSP – 0.19%
$QQQ -0.46%
$IWM -0.82%
Positions: None
New All-Time Highs for Indices Were a Bull Trap
Breadth collapses, new lows swamp new highs and the Russell 2000 sits on its 200-day average.
Another Day That the Russell Isn’t Crowing
Res ipsa loquitor:
$SPY -0.27%
$QQQ -0.31%
$RSP -0.71%
$IWM -1.32%
Fortunately I have FIN TV turned off and I don’t have to hear about the market’s broadening (not!) — and how healthy the top heavy market is.
Position: Short SPY (VS), QQQ (VS)
Large Fund Degrossing Causing Market Divide
This split action has been going on for so long now that everyone is aware of it.
Nothing Here!
$IWM -0.85%, $SPY +0.65% today.
Position: Short SPY (M)
The Russell Is Not Crowing
* And the market is not broadening…
The Russell Index is a dog with fleas.
Low of the day on the $IWM.
Position: None
This Is a Good Time to Make a Stock-Picking List
As biotech is getting hit and we’re seeing ETF-driven selling, I smell opportunity for sharp traders.
Stocks Are Disconnecting From the Bond Pressure
Bonds slid again, but stocks posted solid gains as buyers hunted for some of the worst performers.
Small Biotech Name Hits Radar With Promising Hair Loss Play
As higher interest rates drive two-tiered market action, I’m watching this name.
Interest Rates Created a Two-Tiered Market. Earnings Will Test It.
Oversold conditions and positive seasonality look promising, but we still need price action to confirm a turn.