One market segment that has shown significant bearish signs is the small-cap Russell 2000 Index. The bulls are losing this battle at the moment. I added to our position in RWM (INVERSE SMALL CAP ETF) today as the market rallied. The following chart reveals a small head & shoulders pattern that has developed. This pattern can portend an imminent decline, just as a larger H&S pattern foretold the decline in the S&P 500 last month.
I took a 1/2 position in Gold today. I am thinking that the bottom might be found at the 1,550 area.. I'll take the other 1/2 position opportunistically, either on an upside breakout or after a decline of 100 points.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.