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Upcoming "Death Cross" for Russell 2000 ($IWM)

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There was some modest buying today from the open, but volume was light and markets are below trading range support established during the latter part of 2024. It's hard to see where the buyers are going to come from given the chaos of Trump. I should add, I listened to Josh Brown's The Compound podcast and he showed an interesting chart of market returns in April-May in the year following a strong return in markets; in essence, selling to pay capital gains tax. Given the precarious nature of markets, and the possibility for this seasonal factor to play out, it's likely we have a couple more months of downward action before value buyers return. If we look at individual markets, the Russell 2000 ($IWM) is looking like the first to signal a long term shift in favor of bears with an upcoming "Death Cross" between the 50-day MA and 200-day MA - perhaps completing before the end of the week. Technicals are net bearish and the volume trend has collapsed since the st...
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Daily Market Commentary: Small Caps Take Charge

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The third day of big gains swung the market sharply in favour of small caps over tech and large caps. Index relative strength has moved from the bearishness of early summer to the bullishness of today - now it's up to buyers to press their advantage. For the Russell 2000, Friday's trading saw the 50-day and 200-day MAs breached while Monday saw the index finish just below a thinly defined (and therefore not potentially very strong) resistance area. Technicals are net bullish which turns future retracements to key moving averages - 20-day MA in particular - into buying opportunities. ($RUT) via StockCharts.com The S&P finished just above its 200-day MA while volume was a little light, although not unusual for this time of year. The shift in relative strength from Large to Small Caps is clear to see. ($SPX) via StockCharts.com Tech went a little further than the S&P having inched above its 200-day MA on Friday and added another percentage point today. June react...
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Sewell MiniDeck Review

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When it comes to trading you can never have enough visual workspace. Specialist graphic cards make adding multiple monitors easier but these are costly and if you are not interested in tinkering with your system then it's not a particularly attractive option. For many, desktops are going the way of the Dodo so finding a laptop which can support more than one additional monitor can be near impossible and likely uber expensive (is there a laptop which can do this - do dual graphic card laptops have additional DVI slots?). In either case, if you are looking for an easy solution on getting an extra monitor with VGA/DVI support all from a USB port then the Sewell Minideck fits the bill. Out of the box, you get the Minideck, installation CD, DVI/VGA adapter, a cloth carry case, and USB connector cord (no external power source required). As a test system I used an 'old' (2 1/2 year) entry model Vostro 1400 with integrated graphics card using Vista hooked to a Dell E228WFP, wit...
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Weekly Market Commentary: Pushes Higher

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The S&P closed the week up 3.55% higher but hasn't yet cleared the highs of the bear flag which lurk at 1,131 but so far the initial decline from 2010 highs has honored Fibonacci retracements ($SPX) via StockCharts.com In support, the NYSE Summation Index looks to have flinched and jumped early. A stochastic 'buy' is undermined by the lack of the oversold condition in the index itself. ($NYSI) via StockCharts.com The only S&P breadth indicator to confirm a bottom (so far) is the S&P Percent of Stocks Above the 50-d MA. It has jumped from a low of 5.4% to 66.0% in a number of weeks. ($SPXA50R) via StockCharts.com The Nasdaq has pulled further away from its head-and-shoulder reversal neckline but it hasn't yet reached an oversold condition. Nasdaq via StockCharts.com The Percentage of Nasdaq stocks above the 50-day MA matched its S&P cousin with a confirmed 'buy' signal. ($NAA50R) via StockCharts.com So while the S&P and Nas...
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