- XBI IWM ARKK FXI these sectors may play lagger bull catch up soon if market continues to run - PYPL BABA and other growth stock names may as well.
- Very notable drop in the last 3 days for all sectors. Most important factor to remember is always following the trend and dont try to fight against it. Even though today there was a lot of opportunity in both direction it was quite a choppy day. - I mentioned yesterday any pop bullish on premarket data will be a good short for all sectors and i will be getting...
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
These morning gap trades happen nearly every week providing a steady stream of winning trades.
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
VIDEO Showing where the markets should move next - DOWN