Headlines & Special Reports

The Russell 2000 and the FOMC: iShares Russell 2000 Index (ETF) (NYSEARCA:IWM)

After running up fast during the low volume environment that surrounded Memorial Day, which was largely based on the buying demand of smaller investors, the Russell 2000 has fallen equally as fast.  Today, before the FOMC decision, there is a reprieve, iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) was up for the first day in a week, so far at least, but there is more downside risk, and some of that could come from the FOMC later today.

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Stop Trading Oil: ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) and Proshares Trust II (NYSEARCA:SCO)

Stock Traders Daily is continuing to advise its clients to avoid trading oil.

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Multiple Contractions Loom for SPY and DIA

A few weeks ago I was discussing the short covering rally that led up to memorial day, and in doing so discussed the odd market environment that often surrounds that holiday.  The short covering rally was only part of it, but it was crystal clear that shorts were increasing aggressively the week before Memorial Day.  The markets were increasing aggressively on news that did not seem to be that positive, and it was doing so on the heels of a decline that happened just prior.

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The Up Trends are Breaking: ProShares Ultra QQQ ETF QLD, iShares Russell 2000 Index ETF IWM

Stock Traders Daily has notified clients that the NASDAQ and the Russell 2000 have begun to break below midterm upward sloping support lines.  These markets and the corresponding ETFs associated with them have been in steep upward sloping channels until the breaks that started to take place on Thursday.

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Volume Levels Pose Serious Concerns: SPY, DIA, IWM, QQQ

This market is on the verge of falling hard, but most people do not see it.  In fact, the market is so close to all-time highs that most people are fixated on it making new highs, rather than paying attention to valuation or macroeconomic conditions, both of which present serious risks.  I’ll talk more about these, but first, there’s something else...

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