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US Small Cap 2000 (RUT)

NYSE
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US2000DerivedUSD
RUTNYSEUSD
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2,056.60
+20.41(+1.00%)
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US Small Cap 2000 Discussions

While next Tuesday is clearly pointing lower, based both on WaveTech daily and 3-hour charts, this coming Monday 3-hour chart indicates a move higher into close, while daily leans lower (daily chart shows 2 PPMs slightly lower and 1 slightly higher). I think the 3-hour (intraday) may be more reliable based on what I saw today. There was clearly some profit taking on the morning gap open as money managers close out their monthly portfolio reports to show their clients.
No data matters. We’re all at the mercy of where the richest 1% take the market.
End of month on Friday BS. No doubt RUT should be higher. My bet is it rises on Monday regardless of the Wave Tech forecast, since it should be rising today.
To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
That's weird; an idiot moderator removed my post. I'll repeat as best as I can remember. To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
What a I wrote here yesterday morning still adheres overall, but I notice tomorrow's (Fri.) daily RUT is more positive than yesterday, where all 3 daily PPMs point up, bullish tomorrow. Also, while next Tuesday clearly points down for stock market overall including RUT, Monday is less clear. Daily leans bearish (with PPM-2 quite lower and the other two PPM metrics slightly in opposite directions), but the 3-hour (half day) chart's PPMs show strength (bullish) over a good portion if not entire Monday, especially earlier part of session. Now, most importantly, Nasdaq 100 (NDX, QQQ, TQQQ) looks like it has more upside potential than Russell 2000. It's not clear when to buy, but hourly PPMs, as of 9:50 AM, suggest around and after London close today and another move down mid afternoon. I don't trust hourly charts too much this early in the session but I will be buying QQQ or TQQQ calls today in anticipation of daily chart uptrend projection through June 12-14.
Long at 2034.75
So far, the forecast I wrote below last Friday after the weekly close has proved true, thanks to WaveTech (not me, I'm just a tool user). RUT daily chart for today shows PPM-1 and -2 pointing lower while PPM-3 higher, so we expected a red day today. Tomorrow PPM-2 and -3 point up, and PPM-1 modestly down, so I expect some recovery tomorrow. From there, Friday sideways to up, and a decline early next week climaxing on Tuesday or maybe Wed. morning, just as WaveTech daily momentum and 10-day MA chart projected all of last week, before another strong rally into June 12.
So far my prediction from December 2019 has held true. Get out of Small Caps of Russell 2000 with Biden in office.
Comments are being removed without explanation/notification. To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
Fing criminal
What BS
That’s it. Keep buying NVDA until it pops. No way it stays up above 1,100 much longer.
Stopped out +10. No more trades today.
WaveTech indicators on RUT daily chart still look to me like an overall momentum and price decline on Tues. and Wed. (closed Memorial Day), then a strong rally on Thursday (EOM 'window dressing'?), sideways next Friday, down couple days into June 4, and then a rally for about a week. The point isn't the exact dates but rather the pattern, since we forecast improves as Mr. Market approaches the dates. While RUT daily momentum metrics look like they lean bearish next Tues-Wed., the 3-hour looks constructive (bullish). But with dailies showing lower resistance levels (meaning, like we saw today, once price rises, shareholders start selling shares at lower price than days before, in part due to falling moving avgs.), I'm guessing index starts higher on Tues. and then retreats. Weekly chart for next week is 2 PPMs down and 1 PPM up, so learning bearish for the week, despite a bounce around EOM. Overall the April consolidation downtrend reversed quickly in May, but there's more gaps to fill, looks to me, based on projections for momentum and 10-day MA. And whether the low was yesterday, early next week or around June 4, periods of caution, higher prices are ahead in June, if only for a week. We'll have to see how things have changed once June gets going. Don't forget to show respect this holiday weekend for those who sacrificed their lives and their family's well being to defend our nation's sovereignty and liberty. God bless them, the USA and our allies on every continent of this beautiful blue planet dangling out on the Milky Way spiral out in just one galaxy supercluster of one spectacular, immense creation.
selling opportunity again fall down come TRG 2012 selling is best
Never fails to amaze me how this index gets f’d with and the others just keep going up.
RTY (Russell futures index) hit a low on momentum on 3-hour chart at the open last night, a slightly higher low after midnight, and is projected to move higher today and into early evening, even though RTY daily PPMs show PPM-1 and -3 pointing lower today and only PPM-2 rising. Looks like the decline is delayed until sometime between Friday and Monday. Friday's daily PPMs for RTY still point up, so I expect the uptrend to hold for much of Friday.
Russell projected to move lower tomorrow, but higher overall on Friday (All 3 daily RUT PPMs point projected to point up on Friday, whereas tomorrow shows 2 PPMs point down, 1 up, and 3-hour PPMs point to selling momentum into Friday morning.) As I mentioned yesterday late session, expect a lower low in second half of this week, particularly a weak Thursday, possibly early Friday. While the rally may resume as soon as Friday, be aware there are falling PPMs* on daily chart off and on through June 5th, so worst case we go sideways to down until then, with a rally until around June 12. SPX looks a bit more constructive on May 30 than RUT, which looks like a nicely green day, presumably money mgr. 'window dressing' at EOM b/c 31st also good but starts to fade into early June before the real rally ensues, if only for a week. *(WaveTech proprietary price pressure momentum metrics, tied to probability of that 10, 21, and 40-period moving avg. provides support or resistance)
Hey CC. I just looked at index HSI and ETF FXI, and pattern has changed. It's confusing with WaveTech b/c the daily is quite bearish, particularly till June 3, then a modest bounce, then lower. But WaveTech projections aren't that reliable more than a few to several periods out on any interval chart. So when I look at daily, to get a sense of next few to several periods (weeks in this case), it shows this week down, the first one to really point down clearly, then modest move up next week, modest move down the following week, which I bet relates to the daily pointing down into June 3, and after that down week, a rally from week of June 11 through 1st week of July, then a significant decline. Remind me to check back in a couple weeks b/c these projections tend to change over time based on new input data. I tend to trust the weekly chart more so think there's more choppy consolidation until we get past June 3rd or so, though not nearly as bad as daily suggests, and then it improves. There's not 150 months of historical data on Heng Seng for a monthly chart projection, but I was curious about gold b/c it's been on a tear, and WaveTech can produce a Monthly for GC, gold futures, and it shows a solid uptrend from March through June (starting earlier, but not so robustly), and then a pivot in July, so probably higher early in July, then down, but I'd need to look at weekly once we get into June to clarify that. Overall the 10-month MA for GC moves higher for the next year and a half, but not nearly as steeply starting next Jan., so there are definite sideways to down months interspersed, as we'd expect. Crude Oil (CL) monthly peaked earlier this year and weekly momentum is bearish, so I own SCO shares for past month or so, bought more this week, and the monthly shows 10-month MA, near $80/barrel today, moving through the $70s into the $60s back towards a healthier price balance between demand and producer profits. Oil's been falling since within a few months of Russia's invasion of Ukraine, just like what happened to oil after OPEC oil embargo in mid 1970s and Persian Gulf War in early 1990s. Price tends to peak 2-3 months after that supply shock, then lower.
Dumped my YINN since it looks bleak near term and all in TNA now
CC, I'm not sure you'll see this, as a moderator is blocking or removing my posts without any notification/explanation. I'm trying to find the Help center, which they bury so no one can find, to inquire why. In meantime, here's most of what I posted earlier: That's weird; an idiot moderator removed my post. I'll repeat as best as I can remember. To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
Indian morket 9.15
As of 11:40 AM EST, WaveTech indicates a decline coming in early afternoon. The next couple days are more of this sideways consolidation after big gains this month, followed by going higher around Friday, more consolidation and going higher still. WaveTech continues to project RUT's 10-day moving avg. to be in uptrend till mid June,
Today started a little worse than expected and ended a little better than expected. Intraday and daily charts indicate sideways with slight bias to the downside for some days, with latter part of Thursday and earlier part of Friday indicating more weakness, probably a lower low intraweek. Daily chart overall bullish but looks more like sideways trading range for a few to several sessions. Sorry the details of today proved wrong. It happens and is why it's more important to focus on the multi week patterns than intraweek or intraday, but intraday can be important pivots.
JPM sees the yield going higher through the summer months.
WaveTech sees Treasury yields falling overall which aligns with what Fed has said and economic indicators suggest based on trends. There's a reason we don't keep our money with JPM.
don't buy the yield is too high & unemployment is going up
If you haven’t noticed, the strong labor market is the biggest contrubutor to inflation, so higher unemployment could help contribute to rate cuts and lower yields.
Exactly CC. The whole point of raising interest rates is to reduce inflation, and that requires going from the lowest unemployment rate since 1960s to a more natural rate around 4%. Meanwhile inflation is falling, but it's not going to hit 2%, which was only a valid inflation target during the disinflationary between GFC and COVID-19. The new normal inflation and interest rates will be more like where they were the three decades before that, due to deglobalization of supply chains, national self reliance of industry for national security, global transport costs rising due to the two busiest canals, Suez and Panama, no longer available due to Houthi Rebels and multiple years drought over Panama's lakes from El Nino or climate change patterns, and Baby Boomers retiring, so smaller workforce and tighter labor market, which is actually good for labor. The reason the lower and middle class have suffered while those of us earning well into the 6- and 7-figures have not is b/c the business and government prioritized the interests of business owners over the workers since 1980s, but that is changing in the new normal. Small caps are able to adapt, but they must be able to operate with less debt and better cash flows. So this long term secular trend will shake out the meme stocks and other poorly operated businesses.
As I noted here on May 10, the trend is higher, as WaveTech anticipates market reactions and gets it right most of the time (about 75-80% on big days like CPI/PCE/GDP/jobs/FOMC). Daily RUT chart indicated uptrend through Wed. and some consolidation starting today sideways up and down but biased to downside. This continues overall into Monday at least, quite possibly second half of next week based on 3- and 4-hour interval charts (which aren't as reliable at looking more than 2-3 sessions out but are helpful at identifying cyclical waves over couple/few days). There also appears to be a bounce tomorrow morning if the 3-hour chart is correct, but it indicates a fade over Fri. afternoon and lower Monday. The more powerful daily RUT PPMs are projected to keep price and the 10-day moving average (10-DMA) moving higher through end of May, then some consolidation in days near Memorial Weekend, and then higher through mid June. Projections that far out on daily aren't as reliable, but monthly chart shows rally over May and June, just as it forecasted a bearish April that was a corrective phase from bullish Q4-Q1. So buy the dip around this weekend.
going way higher sooner then later
Still believe that russel has the most updide potential
It certainly corrected the most in April.
Buy the dips and fo not look back
not a good idea until Friday or.next week Monday
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