What is the meaning of that divergence?
Nasdaq down 1.75%, small cap up .5%
Started by
Dex
, Oct 02 2020 11:38 AM
8 replies to this topic
#1
Dex
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Posted 02 October 2020 - 11:38 AM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2
Sigador de los Lideres
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Posted 02 October 2020 - 11:51 AM
Trading range, albeit a continually expanding one.
#3
trioderob
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Posted 02 October 2020 - 11:52 AM
Stimuli to small business anticipated
#4
LMF
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Posted 02 October 2020 - 11:54 AM
My theory is developing......its going to be an awfully cold day on the beach before they let the cnn greedo meter go below 30 again. Like it was back in March. 10 foot snow drifts on the beach.
#5
Darris
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Posted 02 October 2020 - 12:06 PM
At 1pm the SPX had net positive 200 issues. NYSE breadth maybe around 500 net positive. MID index really strong today.
#6
Dex
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Posted 02 October 2020 - 12:10 PM
Could it be margin calls?
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#7
trioderob
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Posted 02 October 2020 - 01:29 PM
one factor is that the Rut has never been cheaper that the Nasdaq - its bouncing off the rut / nas ratio low - going back decades ago
#8
orange
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Posted 02 October 2020 - 03:36 PM
It's only happened a few times. Not enough to make a statement with conviction. Today was more extreme than previous occasions.
"When your position is underwater, average down" - Professional Trader
#9
tsharp
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Posted 03 October 2020 - 12:16 PM
The simple answer is rotation... Tech Sector down, Dow was green for a good part of the day and small caps closed in the green with a bullish engulfing candle:
