Scalper1 News
Major averages finished near breakeven on higher volume yesterday after trading lower for much of the day. The NASDAQ Composite managed to claw its way back to close at its 50-day moving average while the small cap risk-on Russell 2000 managed to close just a hair under its 50-day moving average. Risk-on indices are those that post greater investment risk thus if such an index is outpacing the risk-off indices such as the S&P 500, it is a sign that institutions are willing to take on added risk. Since the Russell 2000 has been lagging, it is a sign that institutions remain cautious. Indeed, the trendless markets have tested one’s market timing patience. Fortunately, individual stocks have provided profitable opportunities.Scalper1 News
Scalper1 News