16 replies to this topic

[SemiBizz]

This annual event is marked by EXTREME VOLUME in the Russell Indices (RUT) as individual stocks are deleted and added from the indices and the underlying funds must buy or sell as needed.

 

Now RUT just made a NEW ALL TIME HIGH this morning, still extending.

 

If Friday comes and we make a NEW ALL TIME HIGH on that BLOWOUT VOLUME we expect - it will be a VERY BULLISH BUY SIGNAL for the market overall.

 

Could it be a price rejection instead?  Sure, but we would have to see some distance from these all time highs...

 

So if it doesn't fall apart this week, mid-week... watch out for a month-end, 4th of July Fireworks show...

 

 

[CLK]

IWM = NYAD

 

IWM moves the same as NYAD in magnitude vs. the other indices.

 

 

Doing nothing, staying long, not even considering shorting despite the selling....context.

Edited by CLK, 18 June 2018 - 09:48 AM.

[SemiBizz]

I don't track ETFs like IWM...

 

Too much of a hedging vehicle.

 

We gave an upside target for this move of 1691 in our 6/11 Forecast, a week ago.

 

To me this is about TRADING, and you need price targets to maximize returns...

[SemiBizz]

1690.83 RUT at the high this morning... maybe that's close enough to 1691 for now...

 

[fib_1618]

So if it doesn't fall apart this week, mid-week... watch out for a month-end, 4th of July Fireworks show...

 

The first week of July has been the target window for the next possible top for about a month now by our work.

 

As far as the small caps are concerned, when the MCSUM gets as high as it is now, it's extremely hard for the sellers to make any kind headway.

 

Fib

 

[SemiBizz]

1691s...

 

She's BREAKING OUT...

[CLK]

Bought the July 6th 166.50C on this breakout.

[CLK]

Closed all, flat. Don't like the eod selling.

[Kimston]

Speaking of price targets, I've had a projection confluence at 1712.95 (+/- 10 points) basis cash RUT for a few years now. I'll probably try shorting above 1712.50 (assuming we get there) with a stop at 1724. I think moving above that stop level would likely invalidate the projection.

 

Kimston

[SemiBizz]

Could it be a price rejection instead?  Sure, but we would have to see some distance from these all time highs...

 

So if it doesn't fall apart this week, mid-week... watch out for a month-end, 4th of July Fireworks show...

 

 

 

This thing isn't giving it up... Cycle guys I know have called for a low in this timeframe, up into early July...

 

RUT down 8 is not very thrilling for bears...