Instead of following through with the small caps, the street has been selling small caps and buying oil; perhaps the recent downturn in commodities is just a short-term dip. Only time will tell.
Monday, September 22, 2008
Selling smallcap and buying oil...
Lately one of the few bullish indexes has been the Russell 2000 but the recent false breakout and failed bullish indicator readings are telling me that the small cap set up might not pan out.
Instead of following through with the small caps, the street has been selling small caps and buying oil; perhaps the recent downturn in commodities is just a short-term dip. Only time will tell.
Instead of following through with the small caps, the street has been selling small caps and buying oil; perhaps the recent downturn in commodities is just a short-term dip. Only time will tell.
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