Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Opposites Attract

Courtesy of Declan.

On a day where losses were recovered and gains lost it was more of the same for indices. The index I’m watching most for leads is the Russell 2000. The Russell 2000 has languished for many months but is showing signs of strength in what could turn out to be a very good second half of the year for the index.  Today saw losses which dropped the index back to rising support (a fresh buying opportunity?) but relative performance lost a little ground. Further losses would keep the index stuck inside its range and therefore be less attractive for buyers.






The Nasdaq recovered a little ground but the breakdown is established and will take time to reverse.  Technicals are net bearish.





The S&P remains inside its range after its ‘bull trap’. Ordinarily, moves off ‘bull traps’ frequently reverse hard but this isn’t the case here. The 50-day MA is there to offers support should sellers take another run at this.





For the rest of the week, keep an eye on the Russell 2000. This index is key to the health of the broader market. Most indices have already enjoyed substantial rallies since Trump’s election but for these to continue fresh blood is needed – and the Russell 2000 could provide it.




You’ve now read my opinion, next read Douglas’ blog.




I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for “fallond”.




If you are new to spread betting, here is a guide on position size based on eToro’s system.






Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!