Thursday, January 26, 2006

20060126 Russell 2000 proved to be the strongest US index, breaking out in parabolic fashion. So it seems this is the market leader up. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, January 25, 2006

20060125 Makes another al time high, but candlestick shows tussle between bulls and bears. With the S&P500 possibility of continuation pattern down, which index is right? Time will tell. But we also see a little divergence here. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, January 24, 2006

2006024 Rusell 2000 make all time highs, outperforming all the 3 other major indices. Watching for the turtle sop reversal possibly. Posted by Picasa

E-mini Russell 2000 chart

Monday, January 23, 2006

20060123 Russell 2000 remains the stronget of the US stock indices technically. Posted by Picasa

E-mini Russell 2000 chart

Friday, January 20, 2006

20060120 Russell 2000 shows resilience in the face of the falls in the Dow, Nasdaq and S&P 500.(due to earnings concerns from GE Citigroup results) Could be that the options expiration aggravated the falls in the bigger cap indices. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, January 18, 2006

20060118 A hammer formation which could signal a reversal of this corrective move. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, January 17, 2006

20060117 Russell futures had been resiliently scribing the range. With the breakdown out of it today, looks like heading towards the next mov avg support. Posted by Picasa

E-mini Russell 2000 chart

Friday, January 13, 2006

20060113 Russell 2000 remains most resilient of the major stock indices. Still scribing a sideways consolidation (bullish) despite the Dow and S&P 500 correcting. Will be interesting to see who is leading: small or big cap stocks. Posted by Picasa

E-mini Russell 2000 chart

Thursday, January 12, 2006

20060112 Down candlestick=selling. But overall pattern is sideways. Watching if it reverses in a evening star formation. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, January 10, 2006

20060110 Candlestick indicates strong buying conginuing. Posted by Picasa

E-mini Russell 2000 chart

Monday, January 09, 2006

20060109 Continuatin of the bull, good CCI upside momentum. Posted by Picasa

E-mini Russell 2000 chart

Friday, January 06, 2006

20060106 Good CCI momentum propels the Russell to new highs. Posted by Picasa

E-mini Russell 2000 chart

Thursday, January 05, 2006

20060105 Moving avgs provide support on downside for long entries. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, January 04, 2006

20060104 9 ema level provides support for this uptrend. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, January 03, 2006

20060103 An early sell off in reaction to worse than expected construction spending numbers was followed by rally sparked by the FOMC mnutes release. 672.8, the 50 ema level proved to be valid support, where the bounce came off that level. CCI strong, but a little overbought. Posted by Picasa

E-mini Russell 2000 chart

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