IWM breaking down. Another possible H&S pattern to watch for especially if it drops another 5%.
Neckline is somewhere in the red with downside to wipe out all of 2021 gains. Note that early January gap up.
iwm4.png
Morgan Stanley not as bullish on small caps as they were in April 2020. The market flyers - TSLA, ZM, PTON, DOCU, DASH, SQ, SNOW, TDOC are currently all down 25-50% from their highs.
https://markets.businessinsider.com/...1-3-1030214268The index has been one of the best-performing worldwide in the last year. It has even outperformed the tech-heavy Nasdaq 100, which has gained 75%, thanks to triple-digit percentage gains in the likes of electric vehicle maker Tesla, or video call app Zoom.
Morgan Stanley has therefore downgraded small caps to reduce risk.
The bank upgraded the sector last April.
IWM breaking down. Another possible H&S pattern to watch for especially if it drops another 5%.
Neckline is somewhere in the red with downside to wipe out all of 2021 gains. Note that early January gap up.
iwm4.png
There's been a bit of a divergence between the Russell 2000 and the S-fund recently.
The S-fund chart looks a little better than the IWM with that bull flag - although that doesn't mean it will breakout. It just seems like something a little more bullish is going on with those midcaps portion of the DWCPF.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
That January gap makes a heck of a target.
50-day EMA held today on Russell 2000. Also marked that open gap...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Breakout from down trend?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I hope so, but it's still early in the day.
Scott Harrison
Senatobia, MS
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
What is a mothman pattern?
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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