As an index of 2000 stocks, as goes the Russell, so goes the whole market:
Prophet.net
-
Allow for a few days of chop up here and slight new highs, but it would be very pretty if the Russell never saw 630 again after this week. If you want a strong sell signal, wait for a twice or thrice tested top to form, for daily RSI to turn down, and for daily MACD to cross the zero line (red arrow).
- Tags: MACD, RSI, russell 2000
-
(No Ratings Yet)
Loading ...
3 Responses to “The Russell looks about done”
Leave a reply
Most Viewed Posts
- Add mortgages to the debt bubble (with junk bonds, munis, sovereign debt…) - 17,225 views
- Treasury-only money market funds - 14,698 views
- The next bubble: cash. - 14,127 views
- 90 day T-bill rate drops to 0.23%. What’s next, negative yields? - 11,717 views
- Inverse ETFs vs. LEAPS puts - 10,866 views
- Why bailouts will not stop the depression - 9,274 views
- About - 8,616 views
- Listen to the people who predicted this: No bailouts, no New Deal, no serfdom. - 7,974 views
- Commodities bubble bursting - 7,706 views
- On Black Thursday, 1929, the Dow closed down 2%. - 6,859 views
Recent Posts
- Nov 9, 2011 - Hussman: recession imminent
- Sep 20, 2011 - EBT rap video
- Sep 11, 2011 - Dick Cheney’s favorite holiday
- Aug 19, 2011 - A look at the real value of gold on an historical basis.
- Aug 18, 2011 - The material living standards of US rich vs poor, and the politics of envy.
- Aug 11, 2011 - In candid moment, Bernanke lets out the truth
- Aug 11, 2011 - If S&P’s downgrade actually matters, why are bonds up?
- Aug 1, 2011 - Farewell, Sheila Bair, and thank you (and FU Paulson, Bernanke & Geithner)
- Jul 25, 2011 - Europe’s dead stock markets
- Jul 25, 2011 - Rumors of dollar’s death greatly exaggerated
- Jul 4, 2011 - DSK all but cleared; no surprise here.
- Jun 24, 2011 - Jim Grant on Ben Bernanke
- Jun 7, 2011 - Kyle Bass and Hugh Hendry on shorting Japan
- May 20, 2011 - DSK is Tom Wolfe’s “Great White Defendant” from Bonfire of the Vanities
- May 12, 2011 - Flood coming? Don’t build an ark - build ya a moat!
Recent Comments:
- A look at the real value of gold on an historical basis. - GolfBoy: Never mind - found it here:...
- A look at the real value of gold on an historical basis. - GolfBoy: Please, anyone - what is the historical...
- EBT rap video - Quentin Perrin: Hi, Sorry I write you via comments. But I could not find contact e-mail or feedback...
- EBT rap video - Linus Huber: SCARE 20.12.2012 (Stop Corruption and Repression Effective 20.12.2012) Banks were given...
- EBT rap video - steveo: Hawaii Trading and Breakpoint Trades (BPT) is providing a free newsletter on Commodities....
- At last, NYC rental and condo markets softening - Nicole Cervantes: Does any one know some one using web fame service...
- Toppy action in dollar index, another rally in stocks coming? - fireboy and watergirl: I like this site it’s a...
- A look at the real value of gold on an historical basis. - bobby: Hi Mike, I was wondering what you think of the...
- A look at the real value of gold on an historical basis. - Bjorn: Thanks Mike, that’s very helpful
- A look at the real value of gold on an historical basis. - Mike: BTW, if you are looking for high put prices, those...
Pej
February 22nd, 2010 at 3:32 pm
Why does it look more done to you now than a few months ago? We’ve been kind of calling it a top for quite some time
Tim Knight’s sentence still resonates in my head “62.50 on IWM is a once in a lifetime shorting opportunity”… it’s the third time it’s breaching it steadily…
Don’t get me wrong, I hope you’re right. But I’m wondering what makes it more look like a top than the previous ones…
Mike
February 22nd, 2010 at 3:39 pm
The others (early June, early/mid-Aug, the 3rd week of Sept, 3rd week of Oct, mid-Jan) *were* mostly tops — just temporary ones! As Bjorn was getting at, most technical analysis tools are particularly powerful on a short-term basis.
So if you get a swing trade like the above right, adjust your stops so that the worst you can do is make a modest amount of money or break even.
PEJ
March 1st, 2010 at 10:17 am
Russell is now back at 640… I was a bit suspicious and rightfully so it seems. What’s your opinion from here?