The Russell is Sobering Up Before Christmas

funny-Santa-Claus-sign-advice-drinking

As I mentioned in my last post, the high beta small cap stocks housed in the Russell 2000 Index were lagging at the open. Turning to the 10-minute timeframe for the Russell ETF, first chart below, you can see a sloppy intraday pattern this morning looking vulnerable to a gap-fill lower.

The good news for bulls, however, is that plenty of stocks are ignoring the lagging Russell, namely the likes of BIDU and the major casinos.

A short squeeze idea over $6 is the biotech EXEL, a heavily-shorted name with well-defined resistance just above, seen on the second chart below.

Other high-flyers this morning are ANR PRAN, both of which I would be stalking during these intraday pullbacks to see if buyers re ready for another push higher.

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IWM

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EXEL

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Previous Posts by chessNwine

The Russell is Sobering Up Before Christmas

funny-Santa-Claus-sign-advice-drinking

As I mentioned in my last post, the high beta small cap stocks housed in the Russell 2000 Index were lagging at the open. Turning to the 10-minute timeframe for the Russell ETF, first chart below, you can see a sloppy intraday pattern this morning looking vulnerable to a gap-fill lower.

The good news for bulls, however, is that plenty of stocks are ignoring the lagging Russell, namely the likes of BIDU and the major casinos.

A short squeeze idea over $6 is the biotech EXEL, a heavily-shorted name with well-defined resistance just above, seen on the second chart below.

Other high-flyers this morning are ANR PRAN, both of which I would be stalking during these intraday pullbacks to see if buyers re ready for another push higher.

________________________________________________________

IWM

________________________________________________________

EXEL

Comments are closed.