US Small Cap 2000 (RUT)

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Indian market is going to explode

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Timothy Technography 18 hours ago

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If you missed entry last FOMC Wed. to short RUT, the next best entry per WaveTech appears to be tomorrow/Tues. mid afternoon. There's a good bit more upside tomorrow and even more downside on Thursday and through next Monday, June 24. Things may begin to stabilize next week, but more downside before 4th of July holiday weekend begins.

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Christopher Cooper 17 hours ago

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Good luck getting much shorting this index. You’re better off shorting QQQ.

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Christopher Cooper 17 hours ago

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What does WaveTech say about July now. At one point it had an average over 2,100.

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Christopher Cooper 11 hours ago

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Well I guess I’m not getting responses, so I’ll throw out my view of WaveTech. It has an amazing ability to justify itself by changing to whatever the most recent trend is. If it points downward through July 4, I wouldn’t be too concerned since it doesn’t calculate magnitude. With the recent downtrend, there’s not much meat left on the bone, so I the impact would be minimal. I’ll predict if the downtrend doesn’t occur this Thursday and Friday, we’ll probably see a WaveTech projection that changes to positive next week and possibly into July. Simple math justifies a much bigger dowtrend coming for NASDAQ than for RUT, but to each his own.

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Christopher Cooper Jun 17, 2024 9:00AM ET

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It won’t be data or an event that reverses this.

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Christopher Cooper 23 hours ago

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It will be a level.

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Richard Hiromoto Jun 16, 2024 9:00PM ET

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yup! get it💱

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Chris Kellerman Jun 14, 2024 1:23PM ET

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2309 here we go

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Ajay Uppal Jun 14, 2024 12:18PM ET

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Heading to 1947

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Christopher Cooper Jun 14, 2024 10:47AM ET

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When did WaveTech predict the average woud be over 2,100 again?

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Christopher Cooper Jun 14, 2024 10:47AM ET

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TT, I’m personally shocked by what happened last week. Not sure I can hang on to TNA thru July 4 if the RUT has another 4% - 5% drop to go. My high to low last week was a $140k difference.

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stonck tradah Jun 14, 2024 10:39AM ET

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1987

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Christopher Cooper Jun 14, 2024 10:39AM ET

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Oh, that’s going out on a limb.

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stonck tradah Jun 14, 2024 10:39AM ET

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i thought it would make this week but looks like next week unless a catalyst comes out

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Christopher Cooper Jun 14, 2024 10:39AM ET

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Doubtful. It’s oversold. Look at what the Russell 2000 did in the second half of the last two election years.

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stonck tradah Jun 14, 2024 10:39AM ET

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Christopher Cooperoh yeah i believe that too but it needs a pullback first

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Christopher Cooper Jun 14, 2024 10:39AM ET

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stonck tradahCatalysts dont’t matter. The best CPI and PPI reports in a long time did basically nothing. When the institutions are done, you’ll know, and I’m not sure there’s much left to take from this index.

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TechTrend Trades Jun 13, 2024 1:13PM ET

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Yields getting hit and small caps and Bitcoin calling the bluff

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Timothy Technography Jun 13, 2024 9:53AM ET

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WaveTech daily momentum for RUT (for this wave cycle that bottomed near mid April) peaked around (or just after) May 15, and yesterday was the lower high peak. In mid May, I expected this to be a higher high or similar but the projections kept weakening since mid May, and the rally into yesterday failed to materialize until after CPI, and that's too late to make more of a difference in an already defined pattern where RUT resumes selling momentum that daily chart's PPMs indicate continues until (USA) Independence Day. Such projections that many periods out (> 10 days on this daily chart) aren't to be trusted beyond a likely suggestion, and the weekly RUT PPMs indicate a bounce the week of June 24, and that's more reliable since only 2 tick marks (periods) out on weekly chart. So there's still hope. But I exited 2/3 of my small and mid caps in retirement and health savings accounts and all my IWM call options yesterday based on daily and intraday projections that overall point this decline into early June. My guess is small caps will lead large caps lower, it appears, like what I pointed out in early April. But I'm not betting on SPX heading substantially lower just yet and kept my SPX like holdings as is but did scale back one-third on NDX (Nasdaq 100) type holdings b/c it too looked more vulnerable to decline that can be bought back cheaper later. I'll update as time permits. At 9:40-9:50 AM, that's my update for today.

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Timothy Technography Jun 13, 2024 9:53AM ET

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Correction: I meant early July, not early June, at end of above sentence: 'But I exited 2/3 of my small and mid caps in retirement and health savings accounts and all my IWM call options yesterday based on daily and intraday projections that overall point this decline into early June.'

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Christopher Cooper Jun 13, 2024 9:53AM ET

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Since WaveTech projected a rally which never occurred other than reactions to inflation indices, I’m not inclined to panic over a projected decline for the rest of this month. You’d think the math would take into account how oversold this index is considering recent events. I think what’s priced in is no rate cuts this year.

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