2017 has been "The Year Of The Grind." Slow, plodding moves higher with very low volatility and short-lived pullbacks. This is one of those times where you'd think selling volatility is a layup trade... until you realize that the volatility has basically been in one direction-- up. And that can be a killer for iron
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.
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...