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Post by uncleharley on Jan 8, 2021 14:12:27 GMT
While surfing thru my charts this morning I checked in on the S&P small cap index. Since I no longer play with small caps on a routine basis, I was surprised to see that the index has been forming a parabolic rise in price since this past june. Yesterdays 6% rise on strong trading volume on top of the existing rise makes me think we are near a blow-off top in small caps. Since small caps often lead the broader market I am curious what others think about the run-up in the small cap index. stockcharts.com/h-sc/ui?s=$SML&p=D&b=3&g=0&id=p74066777812&a=418514029&listNum=86 |
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Post by yogibearbull on Jan 8, 2021 14:41:00 GMT
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Post by uncleharley on Jan 8, 2021 14:46:01 GMT
After looking at a couple more charts I agree. We are not in the blow-off range, however the small caps are beginning to look a little frothy and a short term correction is probably in order. That could present a buying opportunity if employment is improving or a number of other problems are improving.
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Post by johntaylor on Apr 21, 2021 16:07:45 GMT
Still overweighting S Fund in TSP but watching
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Post by uncleharley on Apr 22, 2021 12:14:49 GMT
Yes, The S&P Small cap index has worked off the overbought situation they were in last Jan and are now consolidating on reduced trading volume and momentum. The index may be signaling a nice, quiet summer.
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