Markets are trading near resistance defined by recent swing highs, reversing early losses. The S&P 500 opened on resistance and posted a small gain. The Nasdaq had opened at...
The Russell 2000 (IWM) posted two days of strong buying that brought the index up towards minor resistance. Not surprisingly, after days of narrow action into the prior ascending...
After weeks of toying with the 200-day MA, the Russell 2000 (IWM) pushed through this moving average with ease on higher volume accumulation. Technicals have been net positive...
Bulls have managed to retain control of their powerful rally off October lows. Shorts looked ready to attack with the day before yesterday's bearish 'cloud cover' candlestick in...
It has been a relatively slow start to the week given what is at stake we remain waiting for the potential breakout in the Russell 2000 (IWM). The Russell 2000 has drifted back in...
US Futures Rise As November Surge Closes Strong, Oil Jump Ahead Of Fresh OPEC+ Output Cut US equity futures, European bourses and Asian markets all advanced, and Treasuries...
Whether you see the past week-and-a-half action in the Russell 2000 (IWM) as a bullish ascending triangle or pennant, it's clear there is a significant bullish turn in momentum...
While coming in as a technical distribution day, the generally low volume yesterday was a sign that Thanksgiving trading has come early. I won't be expecting much until next...
Last Friday was a good day for indexes as both the S&P 500 and Nasdaq were able to close near the highs of the week, while Thursday's losses in the Russell 2000 (IWM) were reversed...
It was inevitable that markets were going to slow down after the recent surge during the week. The biggest reversal came from the Russell 2000 (IWM) which posted a classic inverse...