Monday Morning Market Thoughts

Monday Morning Market Thoughts

Last week's market action was weak, as displayed by bearish engulfing candlesticks on the weekly charts of major U.S. indices.    The Russell 2000 is despite choppy action very close to again making lower lows since the beginning of May and the SPX and...
Early Thursday Morning Market Thoughts

Early Thursday Morning Market Thoughts

It goes without saying, yesterday's market action was ugly.  The clearest signal of further risk aversion in my mind came with the fake breakout higher on Tuesday, the last day of May.  In hindsight it is now clear month-end games were in high gear last...

What is the Russell 2000 Index Telling Us?

On May 2nd 2011 the Russell 2000 (RUT) small-cap index landed at a fresh all-time high.  From the March 2009 lows to the May 2011 highs, the measured move equals more than 150%.  The S&P 500 in comparison rose just over 100% over the same time period....