RUT bulls need to step on the gas PDQ, or may be time to ease up on NQ longs that so far have been pushing the bears around like a D9 Cat.
I'll be out of longs as soon as
Started by
slupert
, Jul 06 2020 07:32 AM
43 replies to this topic
#21
K Wave
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Posted 06 July 2020 - 11:03 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#22
LMF
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Posted 06 July 2020 - 11:26 AM
Im thinking the Russell IWM has come close enough to an extinction event the way the virus is being managed. It simply will not be a significant driver of anything in terms of investing no matter what time frame is considered. Its a constant short on the charts if it opens higher.
#23
K Wave
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Posted 06 July 2020 - 11:26 AM
That pivot just set on RUT could now be for all the IT marbles....
Let's see if bulls can take back up there now....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#24
trioderob
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Posted 06 July 2020 - 11:27 AM
and why is the value segment of the rut - RUJ - still down 25% for the year ?
#25
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Posted 06 July 2020 - 11:28 AM
Trannies flagging out....if they can take out 9375 one more time, bulls may start to pull away....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#26
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Posted 06 July 2020 - 11:29 AM
SOX still barely budging downside on "pullbacks" so far
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#27
K Wave
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Posted 06 July 2020 - 11:37 AM
The triple spike on RUT hourly is potentially worrisome, unless bulls take it out in next few hours.
An hourly close back under the 200 could mean bulls ran outta gas there....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#28
K Wave
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Posted 06 July 2020 - 11:48 AM
we could be minutes away from deciding whether bulls about to go into full launch mode on the laggards, or launch is aborted...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#29
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Mark S. Young
Posted 06 July 2020 - 12:51 PM
and why is the value segment of the rut - RUJ - still down 25% for the year ?
I would say that it's harder to run low risk hedging and options writing programs on those stocks.
M
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#30
Darris
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Posted 06 July 2020 - 01:19 PM
and why is the value segment of the rut - RUJ - still down 25% for the year ?
I would say that it's harder to run low risk hedging and options writing programs on those stocks.
M
Boy you hit the nail on the head there. On June 26th for the Russell rebalance, there were 250K total puts and calls traded on SML index components per the OCC, and on the SPX and NDX there were 15 million. Just so you do not think I am cherry picking a high volume day, on July 2nd last week, there were 225K total on SML and 12.5 million on SPX/NDX.
