The market appears to be experiencing another mild dip this morning, something bulls have become quite comfortable in buying over the past few years.
One of the nagging concerns for me, though, remains the weak action in the small cap stocks housed in the Russell 2000 Index. As I write this, the Russell is down nearly 1% as price attempts a breakdown below its declining 50-day moving average after consolidating there all week. It certainly seems as though the market is looking at the small caps with eyes wide shut these days.
If we see another move towards the lows today I am considering a short for the small caps.
Elsewhere, the natural has ETF UNG over $25.50 has my interest on the long side.
Which would be yr entry point pls ? 200 days moving avg ? grazie ciao
on IWM of course
Attenzione…
Cash ’til Thursday for me, then probably straddling initially.
Folks are too bearish on small caps combined with the overall strength on the Qs and SPY IMO this is a shake down to 111 to trap more shorts to 117 where the serious correction will begin.
That is my plan and sticking to it until proven wrong of course.
As always the loot belongs to those that bet right.
All the best Chess..
The story of 2014 has been a flight to large caps and bonds. predict this trend will continue. Volatility not budging either even as small caps get hit again