I find this action most likely to be less than sustainable, without provoking an algorithmic counter. In other words, don't just be nimble, but tread softly.
Boosts in a few big-cap names can offset mediocre action in hundreds of smaller names. So what's happening now with the small-time investors?
I still think we'll see a rally soon ... and don't think it will be like it was in the prior two lows this year.
Before the decline some folks had S&P targets well over 4,000 -- where are they now? How quickly we change...
Here's why I still think we get a rally in next month -- and what likely comes next.
Let's look at the waves in the Russell ETF chart, to see why you might be getting a little sick to your stomach lately -- and ask whether this is a top building, or something else.
Recent action in the IWM is way overdone.
It's more evidence that we reside in an either/or market -- but here's what else we see in the indicators.
We saw churning, frustration and disappointment last week. Here's what I see ahead, according to the charts and indicators.
Here's where I see a pullback coming in.