During the entire rally in smallcaps, an interesting indicator did something that it wasn’t supposed to. I’ll show you what’s going on in just a moment, but first let’s take a look at where the Russell 2000 (RUT) index currently sits. Smallcaps had a monster of a rally without any kind of pullback at all. […]
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SHOP Till You Drop… But Where Will The Drop Stop?
Last week, Shopify (SHOP) had a nasty selloff, going from 120 to 100 over the course of just a few days. The baddest short seller on the block, Citron Research, apparently thinks that Shopify is some giant scam. Or something. I like the company overall and this feels more like a bear raid to me… […]
This Chart Shows Exactly How Strong This Meltup in Smallcaps Has Been
Markets are in an absolute “melt-up” mode. Here’s a few reasons why: Absence of news. The Fed hikes are pretty well projected, and all the central bank policies are “known knowns.” There’s no major elections up on deck, and overall economic data hasn’t been too surprising. Sideline money. Institutional investors are being forced to rotate […]
The VIX Is Crazy Low — How Can You Profit From It?
In the month of September, the VIX saw the lowest monthly close… ever. Of course it helps that the actual volatility in the market is low as well, but if you’re an option seller you’ve got to start asking yourself… is the juice worth the squeeze? Because at some point the risk/reward gets skewed to […]
Looking For The Next Buy Point For Facebook
The past few days have had a major trading theme: Rotate out of tech and into energy, and Rotate out of large cap stocks and into small caps And after nearly two months of nothing going on… Facebook finally moved. Is now the best time to buy the dip? Or should we wait for a […]
Look For A Short Squeeze in This Retail Turnaround Candidate
“Death by Amazon” is sooooo 2016. Fears that all retailers would be devoured by this tech giant has been a theme for years. And much of it has come true. Toys R’ Us just filed for bankruptcy. Many retail stocks have been in mature bear markets for years. Yet we’re coming to a point in […]