Price dropped yesterday but volume was well below average. The SP600 Small Cap Index has bounced back above the 1×1 ascending angle of the 2002-2007 bull market range. Most other indices are not as strong.
Entries Tagged as 'Russell 2000 Smallcaps'
Russell 2000 Index with Strong Move Since March
August 4th, 2009 No Comments
The Russell 2000 (RUT) index fell about 60% from the July 2007 high. The March bounce has moved up about 65% and is above the 1×1 ascending angle.
Tags: Russell 2000 Smallcaps
High Volume Continuation of Nasdaq and SP500
July 23rd, 2009 No Comments
A high volume thrust up confirms the latest trend higher.
Nasdaq 100 Pushes Higher
July 22nd, 2009 No Comments
The Nasdaq 100 Index has been up for 11 straight days. Today’s move was on higher volume. A quick and violent shakeout would makes sense here.
Smallcap Indices Above 1×1 Ascending Angle
June 9th, 2009 No Comments
The SP600 and Russell 2000 have very strong charts off the March 2009 low.
Tags: Russell 2000 Smallcaps
Year To Date Stock Performance
May 6th, 2009 1 Comment
So far, 2009 has been a good year to be long the Nasdaq which is up over 11% for the year. It is up around 50% from the March low.
Tags: Nasdaq Charts (IXIC) · New York Stock Exchange (NYSE) · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
Smallcap 600 Strong Off March Low
April 25th, 2009 No Comments
The S&P 600 Small Cap Index (SML) has moved up between 4×1 and 2×1 of the slope of the 2007-2009 bear market. Time has not reached the 25% cycle yet so this move is not as impressive as it seems.
Tags: Russell 2000 Smallcaps
Nasdaq Swing Charts Moving Toward Next Swing High
April 17th, 2009 No Comments
The Nasdaq 100 (NDX) continues higher as the duration of the swings decrease in time. Volume was up on the Nasdaq but was lower on the SP500 and the Dow Jones Industrials.
Tags: Bonds · Nasdaq Charts (IXIC) · Russell 2000 Smallcaps · Swing Charts
RUT, VLE, SPXEW Above November Low
February 27th, 2009 No Comments
The charts of these indices (VLE), (SPXEW), and (RUT) are holding up above the November lows.
Tags: Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
Weekend Outlook – 08Feb09
February 8th, 2009 No Comments
Long term I see a chance for a move down to the 1×4 ascending angle on the 1982-2000 range which will put price near 650ish on the SPX.
Tags: A-B-C Correction · Elliott Wave Analysis · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
High Volume But Below Yesterday’s High
February 5th, 2009 No Comments
Little price appreciation makes today’s high volume move suspect.
Tags: Accumulation Day · Dow Jones Industrial Average (DJI) · Nasdaq Charts (IXIC) · Russell 2000 Smallcaps · Volume
As Goes January So Goes The Year?
February 4th, 2009 No Comments
The January indicator points the a weak year. But biotechnology looks like a place to find stocks to the upside sometime in 2009.
Tags: Biotechnology (BBH) · Nasdaq Charts (IXIC) · New York Stock Exchange (NYSE) · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
A Look at the RUT, VLE, and SPX Equal Weight Index
January 27th, 2009 No Comments
The VLE, RUT, and SPXEW are in better shape than the major indices.
Tags: Gann Angle Fan · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
Setup for Options Expiration
January 15th, 2009 No Comments
The market recovered from a selloff on high volume. This could mean something or the action could be option related. It is tough to tell.
Tags: Russell 2000 Smallcaps
Calendar Day Counts on Market Indices
January 8th, 2009 1 Comment
A look at calendar day counts on SPX, COMPQ, and SML.
Comparison of Index Geometries
January 5th, 2009 No Comments
A comparison of the geometric movements of the major US markets.
Tags: Dow Jones Industrial Average (DJI) · Nasdaq Charts (IXIC) · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
Additional Market Index Swing Charts
December 26th, 2008 No Comments
A look at the SPXEW, SML, and OEX indices which are in slightly better shape than the SP500 index.
Tags: Russell 2000 Smallcaps · Swing Charts
Smallcaps Good Week, West Texas Intermediate Crude Bad Week
December 19th, 2008 4 Comments
The SP600 Small Cap Index has had two strong weeks with high volume this week. Price is consolidating around the 10 week moving average. Oil dropped almost 14% for the week and does not show and signs of possible strength. Price could turn at any time but I don’t expect it before the 1×8 Gann angle near $30.
Tags: Advance-Decline · Energy-Oil-Gas (XLE) · Russell 2000 Smallcaps
SPX Has Low Volume Inside Day at 50dma
December 9th, 2008 10 Comments
The SPX bounced off the 50 day moving average on low volume today. Price did not exceed the high or low from yesterday – making this an inside day.
Distribution Day Below the 20 Day Moving Average
November 6th, 2008 11 Comments
Volume was up on a second down day on the major indices. But as bad as the press coverage of the last two days are, the actual chart looks in good shape. Tomorrow is day three and an afternoon reversal back up is a possibility.
Tags: Distribution Day · Nasdaq Charts (IXIC) · Russell 2000 Smallcaps