Inverse H&S on 15 minute of small cap index Russell 2000. Suggests a very bullish week. Upside target of 5% from here (for small caps).
Edit: Image here -- https://www.tradingview.com/chart/IW...all-Cap-Index/
The market is closed? What am I supposed to do all day now? Work?
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
The S&P 500 is extremely overbought. Small caps are heading that way but not there yet. We might need another breather soon.
Thank you Papa Powell!
https://www.cnbc.com/2021/04/27/stoc...lose-news.html
New lower low on the Russell, and very close to a lower low on the S&P 500. It's not lookin good out there. On one hand I want to keep buying weakness. On the other, falling off a cliff like this looks like the start of another crash. I know if I hold through I'll be fine on the other end eventually. I would keep buying the dip if I didn't already do that over the last few days! Need to wait for more fresh powder now, as BirchTree liked to say.
The Fed talking about trimming asset purchases soon is making me consider doing the same. I've been saying Don't Fight The Fed for a long time now, so according to that theory, I should cut back when they cut back. We'll see. The market hasn't tanked yet on those words, which kind of surprises me. Maybe it will when they actually announce some concrete numbers / timeline.
Reverse repurchase chart from the St. Louis Federal Reserve.
https://fred.stlouisfed.org/series/RRPONTSYD
From yesterday:https://www.reuters.com/article/usa-...-idUSL2N2NP20ZThe Federal Reserve’s reverse repurchase facility on Monday attracted $486.1 billion in cash, a record high.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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