frankz

Small-cap ETF investors/traders have the fastest trigger fingers in the market. They seem like a jittery bunch. Within the last month, small-cap funds experienced their second-largest inflow EVER (7/17/2024), with about 10 billion dollars going into them, and their largest outflow in the previous three years, with 2.6 billion dollars coming out. I'm not sure I can blame the jittery investors since the SMALL CAP RUSSELL 2000 has been a hot mess for the last three years—basically flat with no net growth.   Managed Assets Not a  ZorTrades Alpha Premium Member? Click here to join!

The $IWM has had no net price growth in the last 3.5 years. For the previous two years, it has been trading between roughly $170 and $210. Maybe, just maybe, this is the beginning of something, and that would be a welcome change.   If yesterday's action truly becomes real, you want to focus on small-cap names and stocks with little or no price growth over the last two years. In other words, stocks are in bases, such as $GDRX and $WRBY, to name a few. And maybe the biotechs that I wrote about here This year, we saw negative breadth [...]

Restoration Hardware was a Wall Street darling during the Covid pandemic. RH (NYSE: RH) curates design, taste, and style in the luxury lifestyle market. The company offers collections through its retail galleries, sourcebooks and online at RH.com, RHContemporary.com, RHModern.com, RHBabyandChild.com, RHTEEN.com, and Waterworks.com. From the bottom of March 2020 to its high in August 2021, the stock rose roughly 919%. Since then, the stock is down -70% from the August 2021 high and has been trading sideways for the last two years between $230 and $320 (roughly). BUT.......... Chairman and CEO Gary Friedman just completed the purchase of $10 million [...]

So here we are, sitting at all-time highs in the major indices, yet BREADTH is ATROCIOUS. On a day when the Major Indices (S&P 500 and the Nasdaq) hit all-time highs, we have; • 1,176 fresh one-month lows vs 218 fresh one-month highs. • 515 fresh three-month lows vs 123 three-month highs. • The McClellan Oscillator ticked lower with a reading of -92. (The McClellan Oscillator is a market breadth indicator based on the difference between the number of advancing and declining issues on a stock exchange, such as the New York Stock Exchange (NYSE) or NASDAQ.) • Stocks above their [...]

Going through the TOP 400 names in the market. Video content; • How do I come up with the TOP 400 names? • Big volume. • TC2000 color candles. • Inside days. • NR7. • 21 EMA. • Recent market environment (trading). • My timeframe. • Lower your timeframe to find more Set-ups. $SMCI $ARM $DELL $LYFT $DKNG $FROG $ACMR   Managed Assets. Subscribe To Our Trade Ideas

Originally posted on YouTube on 03/24/2024 Managed Assets. Subscribe To Our Trade Ideas

• $IWM has been stuck in a range for 1.8 years. • Top of the range, call it $200. The bottom of the range--162.50ish. • If you believe in targets, take the top of the range minus the bottom of the range and add that to the top of the range; $200-$162.50 = $37.50 + +200 = $237.50. • STOP: on the weekly chart, the $190 level looks like the proper initial sell stop. From current levels, that is about 4% away. The potential upside based on the stock range is about +19.9%. • On the daily chart, there is [...]

Here is an excellent breakdown of the S&P 500’s YTD returns so far. As you can see, we have not had significant broad participation AGAIN, but things are always subject to change. The small caps look favorable, and positive action from that group can and will expand breadth, leading to more individual stock opportunities.

https://youtu.be/e5u1RHrvbjk?si=HZJwArhoeq2oM8l3  

The Russell 3000 is the ‘Market’; the ETF comprises almost all large and small caps. The index gives you a feel for the overall market, unlike some of the other indices that are dominated by a few stocks. Year-to-date, 1,654 out of 2,689 are down (61%). 52 out of the 100 of the TOP market Capitalization stocks are down YTD. 94 out of the 100 Lowest market Capitalization stocks are down YTD. Unlike any other, this year has been about seven stocks: APPLE, MICROSOFT, GOOGLE, Amazon, NVDA, TSLA, and META. The MAG-7 peaked in July; [...]