quantguy
Short

The Rich Get Richer...

AMEX:VB   VANGUARD SMALL-CAP INDEX FUND
While the Fed is boasting good data supporting rate hikes, they neglect to mention the fact that 51% of Americans make less than $30K a year, or that they work more hours than any country in the world. Something else they focus on are broad market indices for which the top 500 companies carry the slack of the smaller cap companies which are feeling the weight of the economy on their shoulders.

The Vanguard small cap ETF tracks such small cap businesses and multiple factors besides fundamentals point to a good short position on a swing trade. For example, none of the highs can come anywhere close to December's levels. There's lots of resistance from above via the Ichimoku cloud , and MACD , RSI , and OBV indicators suggest lots of downward momentum and selling pressure. There's a relative vacuum below, but look for 12/17's high of $112.65 as a stop loss as this is the most recent high.

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