Dow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play.
The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger...
Russell 2000 reached the bottom of the (1d) Channel Up on a symmetric -9.20% bearish leg, like the one before.
It is holding above the MA100 (1d), same with August 25th 2023, which was also a -9.15% decline but the rebound failed to close over the MA50 (1d) and resumed the downtrend.
Trading Plan:
1. Buy on the current market price and as long as daily candles...
Russell 2000 (RUT) finally hit our 2140 Target, which we called for on our last pull-back and buy signal (December 28 2023, see chart below):
Even before that signal, we caught the ideal bottom buy for a full bullish swing:
At the moment the situation is different as the index is on full bullish technicals, having hit the 2140 Resistance which was formed...
$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"?
TVC:RUT is in an uptrend but facing trouble at resistance.
This shows that breadth is not as bad as they paint it to be. However, it could be a lot better.
AMEX:IWM
The Russell 2000 trailed the S&P 500 significantly in 2023, gaining about 17% compared to a gain of about 24% for the large cap index. That underperformance has spilled over into 2024. Year-to-date, the Russell 2000 is about 2% compared to a 7% gain in the S&P 500.
By the way, that valuation measures make the small cap Russell 2000 index much more compelling when...
Following the premature breakout of a massive rectangle that lacked follow through in Russell in late December, the rally today appears to be the legitimate breakout. This could be a strong advance.
U.S. Small Cap 3000 - TVC:RUA
✅A new ATH breaking above the Dec 2022 ATH
U.S. Small Cap 2000 - TVC:RUT
🚨Continues to demonstrate relative weakness
Light Blue by area on the chart 🔵
The U.S. small cap 3000 finally caught up with the other major indices such as the SP:SPX and NASDAQ:NDX as it previously has been demonstrating relative weakness...
Looks like the TVC:DJI is in a short term downtrend.
NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago.
TVC:VIX is at higher end of the recent pattern and it keeps poking it.
*(TOOK THIS FROM ANOTHER POST
Remember, the more something is poked the weaker it becomes
Picture paper holding a marble
Poke with a...
If you haven`t bought the RUT 2K regional Double Bottom here:
On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance."
This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at...
If you haven`t bought the Double Bottom on RUT 2K:
Then you probably know that small caps haven`t participated in the 2023 market rally.
That`s why I believe investors will will for opportunities in the small cap stocks in 2024, and Russell 2000 index might offer a bigger return than the S&P this year.
My price prediction for RUT 2K is $2560 by the end of the year.
Russell 2000 (RUT) gave us an excellent buy entry on our last call (see chart below), as we achieved the most optimal buy near Support 2 and rallied all the way to our 2000 Target:
The Resistance Zone broke and this delivered a new 20-month High on the index, the effect of which is more accurately seen on the 1W time-frame. The question is, how sustainable...
What a turnaround for ALL the MAJOR averages!
As we've been saying over and over again.......
The END OF DAY IS WHAT MATTERS!!!
*Indices formed an OUTSIDE DAY*
Outside days can signify 2 things:
CONTINUATION
OR
REVERSAL (of the current trend)
Being that the day ended lower, LIGHT VOLUME though, we will take this as a WARNING!!!!!!!
RSI fell pretty hard,...
AMEX:RSP vs AMEX:SPY
Equal weight vs regular #SP500
We can see that equal weight has been performing better
Russell 2000
TVC:RUT is no longer stuck in a rut :)
It had a fake breakout in the daily charts in August but look at it now.
That weekly is looking Nicely!
We've stated a few times that we believed these 2 would be moving better than normal...
Russell 2000 crossed again today overo the 1D MA200 and it remains to be seen if it succeeds at closing above it. After the November 15th crossing but failure to close over it, a repeat may materialize a pullback of at least -4.50%, in similar fashion as the 1D MA200 rejections of May 23rd 2023 and November 1st 2022.
Technically that's possible as on the greater...
Quick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the...
Russell 2000 / RUT closed the 3rd green day after hitting the Support A Zone that is holding since June 16th 2022.
This is turning into a major long term buy signal and will be validated when tomorrow the 1day MACD forms the lowest Bullish Cross since March.
Technically the bullish break out happens after the price crosses over the 1day MA50, but on a broader...
TVC:NDQ looks to be in SERIOUS trouble at the moment.
IF this is the case then the SP:SPX likely will follow.
DJ:DJI can hold, to a degree but wouldn't bet on it.
Let's focus on AMEX:SPY
Oversold daily BUT WEEKLY it has more room to go.
Also, in comparison to 2022, #stockmarkets are likely FURTHER along than anticipated. The chart we've been showing for...
The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000
Possible Targets and explanation idea
➡️Global weekly chart RUT. We are in a middle.
➡️Summer 2022 we got signal to buy.
➡️Market mood we are in a depression zone
➡️Direction indicator (whales accumulate, even on covid dump we didn't see this signal)
➡️Take profit...
