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Showing 1 - 25 of 26 Article(s) - Previous |
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2008-02-02 06:27 AM
|Kevin Pendley
|User Rating: N/A
Small-cap stocks have now put together impressive back-to-back weekly rallies off the rate-cut low from Jan. 22. Although price action has been solid since that recent low, the market still has upside grinding to attend to before we can declare that a bottom is in place.
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2007-12-22 06:12 AM
|Kevin Pendley
|User Rating: N/A
Small-cap stocks staged a heroic recovery rally last week off a test of critical support below the 740 zone, but the index still faces important upside challenges calculated from the October top.
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2007-10-26 09:51 AM
|Kevin Pendley
|User Rating: N/A
The final shape of the chart by Friday afternoon could be crucial to setting the stage for market action for weeks to come.
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2007-09-08 01:50 AM
|Kevin Pendley
|User Rating: N/A
Despite the promise of a volatile end to the week, small-cap stocks remained locked in a congestion zone that has been in place for six weeks as the market tries to find its way following the abrupt slide off record highs earlier this summer.
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2007-09-02 10:37 AM
|Kevin Pendley
|User Rating: 4
With a number of potentially market-moving reports on tap this week, a breakout from the current consolidation in the Russell 2000 could easily take place.
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2007-08-25 08:55 AM
|Kevin Pendley
|User Rating: N/A
Last week was relatively calm, and it would be no surprise to see the Russell 2000 settle into a trading range pattern for a few weeks to consolidate and digest recent price swings.
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2007-08-19 07:16 AM
|Kevin Pendley
|User Rating: 3
The explosive volatility reflected in last weekâs price action carries some hope for a potential bottom for the move.
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2007-08-11 12:45 PM
|Kevin Pendley
|User Rating: N/A
Athough last week's reversal pattern was a solid step in the right direction, the market will need to generate upside confirmation to suggest that this was a meaningful bottom.
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2007-08-05 11:29 AM
|Kevin Pendley
|User Rating: N/A
Until we see a reversal formation, or a support foundation, then the path of least resistance remains toward lower prices.
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2007-07-29 09:29 AM
|Kevin Pendley
|User Rating: N/A
Last week's pullback resembles the prolonged correction in July 2006. Last summerâs swoon eventually leveled out at a 14.7% decline from high to low, and it took the market nearly four months to climb back to the July highs. A 15% decline for this move would put a bottom near 728.
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2007-07-21 10:19 AM
|Kevin Pendley
|User Rating: N/A
Don't say we didnât warn you. To quote from last weekâs column: â Looking ahead to next week, the big issue right now is to make sure that the Russell 2000 does NOT set up a double top on the recent highs.â As it turned out, that is EXACTLY what took place this past week
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2007-07-14 12:49 PM
|Kevin Pendley
|User Rating: N/A
How do we approach the market given current chart action? With bullish caution, thatâs how!
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2007-07-07 02:54 AM
|Kevin Pendley
|User Rating: N/A
Last weekâs action eased jitters about some modest topping patterns that had popped up on the charts, and any move to new record highs this week would put those issues in the rearview mirror.
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2007-06-30 03:55 AM
|Kevin Pendley
|User Rating: N/A
After last week's turbulence, price action this holiday-shortened week could be pivotal. Chart patterns are at a stage where a definitive move seems likely.
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2007-06-23 06:09 AM
|Kevin Pendley
|User Rating: N/A
The Russell 2000 Index stumbled last week, forming a bearish reversal pattern on daily candlestick charts off the highs, providing further short-term validation of the powerful double top on weekly charts that was carved out in early June.
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2007-06-16 11:20 AM
|Kevin Pendley
|User Rating: N/A
Small-cap stocks as seen via the Russell 2000 Index had a rough-and-tumble week, but the bulls came out on top following a big recovery Wednesday through Friday, taking some of the sting out of the previous week's bearish pattern.
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2007-06-10 12:04 PM
|Kevin Pendley
|User Rating: 2
The Russell 2000 index generated a powerful double top on weekly charts last week, which marks the most significant bearish pattern put into play since similar double-top formations were etched in February 2007 and April 2006.
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2007-06-02 06:25 AM
|Kevin Pendley
|User Rating: N/A
The bulls delivered a body blow last week to short sellers in small cap stocks. Even though this bull run is long in the tooth, this message bears repeating: the long-term trend in small caps still points higher.
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2007-05-27 08:45 AM
|Kevin Pendley
|User Rating: N/A
From a long-term perspective, the bull market in small caps is alive and well, but the sharp reversal last week formed some mild topping signals to watch in the short run.
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2007-05-19 03:42 AM
|Kevin Pendley
|User Rating: 5
Are we seeing a shift in investor psychology toward large cap issues? The 4-year-plus bull run in stocks has been paced by small caps. Turning over leadership to another index is troubling â if for no other reason than it breaks a cycle that has been very friendly to the bullish side of things.
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2007-05-13 11:17 AM
|Kevin Pendley
|User Rating: N/A
Fresh all-time highs but a lower close for the week. When a market "tops," it doesnât always slap us in the face right away -- sometimes it just gently taps on our shoulder. This week's action bears watching.
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2007-05-06 10:57 AM
|Kevin Pendley
|User Rating: N/A
Last week marked an important test for the Russell 2000. The bulls bent early in the week, but the comeback was impressive. The long-term bullish "updraft" remains intact.
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2007-04-28 04:24 AM
|Kevin Pendley
|User Rating: N/A
We are heading into a scary week, with an economic calendar that threatens sudden volatile twists and turns nearly every day leading into the â Big Eventâ â Fridayâs employment report.
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2007-04-23 09:30 AM
|Kevin Pendley
|User Rating: N/A
Last week's chart action was a day traderâs dream, with reliable signals paving the way to huge, quick swings in the Russel 2000. The long-term trend remains bullish.
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2007-04-14 04:23 AM
|Kevin Pendley
|User Rating: N/A
Even though the Russell 2000 is on a 4-year-plus bull-market run, the month of April has not been kind to the market. In fact, the Russell 2000 has not been higher on monthly basis in April since 2003.
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