Hey all,
Yes, figure after monopolizing the KoPG blog with personal BS might as well try and squeeze as many final market related posts I can, before Jeremy pulls the plug on my access 🙂
As most/all of you know I tend to focus on the small caps, and the Russell 2000 and its instruments. Those looked VERY GOOD over the past 2 sessions, coming into today. But just now I had a look at the OTHER averages/indices, and those do no look so promising. The Russell made a new higher high and it convincingly broke out of its month long down channel… However, in that, it is alone.
Take a look at these charts, and you’ll see that, based on the action so far, the Russell is the only index still looking hopeful. The others either have failed to make a new higher high, and/or they got rejected at the down channel resistance level.
I’m not assuming anything here, not betting on any particular market direction, gonna wait it out and see what happens.. Who knows, maybe this will be the summer of non-stop several day long The PPT O/S and O/B cycles. That would be frigging awesome!!
Hey!! Are you squeezing in on my month here?? So you need your plug pulled do you? We will have to see what we can do about that. ;~)
it’s all yours 🙂 Didn’t know it was you, and in the past there was sometimes a 1-2 day grace/transition process. Now that you’re here, it’s all yours, make us proud with your posts!!! 🙂