CLICK ON CHART TO ENLARGE Shared the above chart on Stocktwits yesterday (see post here). The Russell 2000 is up against a resistance line that has been important since the 2009 financial crisis and has formed a bearish rising wedge, which is breaking down. This pattern could really end up stinking for small caps and [...]
Happy May Day! This time of year causes Wall Street to bring up the “Sell in May and go away” investment strategy. This strategy suggests that the majority of the gains in the S&P500 take place between October and May of each year. CLICK ON CHART TO ENLARGE The above chart, produced by chartoftheday.com back [...]
CLICK ON CHART TO ENLARGE The Wilshire 5000 is the broadest U.S. stock index, a quality measure of large, medium and small caps all wrapped up into one big bundle. The great Johnny Carson used to play Carnac the magnificent , making accurate predictions was he strength. If one takes some of the most emotional [...]
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