I present the daily chart for the small cap ETF to see the Russell getting rejected from the 20 and 50-day moving average convergence, at least initially this morning. The issue is whether bears can pounce on this fade, or if bulls can regroup later today. The first touch was faded, though, which was standard.
Elsewhere, I am looking at the natural gas strength again as intriguing. The precious metals miners are pausing rather benignly so far.
What are you trading this morning?
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Long; JO, BAL, TBT, SKUL, SLW, & ANV
Good!
Long TZA in a big way and bought some GOOG puts. Tired of sitting on the sidelines, I’m either going to make some money or set some on fire.
Hopefully the former
MCP/WLT…still hanging onto my girl Molly with a very tight lease and my man Walter may be starting a bit of an earnings run (more like short covering)
Action
All about the QCOR
nice