The little guys may have a challenge here.
The Russell 2000 Small Cap and Micro Cap Indices are up against resistance!
Lets see if they got enough in them to bust through.
This monthly chart of the S&P 500 should have kept you from running to the hills!
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So while not perfect, we have to call a top a top. This is a chart of General Motors, which looks generally lousy if your a bull!
I like to play a counter trend idea one in a while.
$KORS has broken up through resistance here while a bullish divergence in momentum is taking place! This may be worth a look.
Thought Kors was spelled with a ”C”
Keep an eye on this animal play!
Break out on monthly should be very bulish!
Why high? because Biotech is in the top of most of our Relative Strength models!
Nice breakout of a bullish triangle!
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The top chart is that of the NYSE advance / decline line and the S&P 500 below it.
Both charts have crossed above the 20 day moving average. Good things usually happen when these 2 are in sync.
Bull Flag breakout with follow through!
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This risk indicator remains in a bullish configuaton on a weekly and longer term monthly chart!
Keep your eyes on your relatives!