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Russell 2000 (^RUT)

Chicago Options - Chicago Options Delayed Price. Currency in USD
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1,786.13+9.91 (+0.56%)
As of 09:47AM EDT. Market open.
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  • B
    Bob
    $^IXIC conversation
    The key to watch is Monday's close and intraday chart trend. If it closes green, or the trend is up, even if it sells off some for profit taking early on or mid-day, that's a BIG bull signal. That means it'll continue up the next few weeks, especially with Shanghai cases down dramatically, with officials closing down some COVID quarantine centers, and stores starting to reopen. China was locking down because most of their vaccinated are young working class, and not the elderly like in the U.S. and western countries. They are attempting to vaccinate older people now. Once that's done, lockdowns will be less of an issue.

    Nasdaq should bounce at minimum a 50% retrace to 13K, possibly higher as the 5 day detailed charts show resistance is actually around 13.4K, while the S&P should also bounce to the 4.3K area, possibly higher with $TSLA and $AAPL factories in Shanghai ramping up from low capacities of 30% or less. The Russell 2000 small caps $^RUT also usually leads up (or down), and with it starting to lead back up, this is a bullish sign. Less inflation from China and Russia means lower rates from the Feds. Futures currently opening green, a good sign indeed. To da moon, folks! Any price at this level is a steal for the near term. That's why big money bought big the past weeks. Buy or cover while you still can. Consider yourselves warned, again.

    $^GSPC
    $SPY
    $QQQ
    $UVXY
    Bullish
  • N
    Noah
    It's being an interesting moment working with JeffWalton I don't know how appreciative I can be, I promised you to refer all my friends to this system as soon as i got my first payout i started off with the minimum of $8,000 and got 46,000k within 7 weeks and thank you today I got my first payout. To everyone willing to earn weekly revenue like me contact him on Tele》gram @JeffWalton3 and have an euphoric future > what’s》apup +1 (810) 772‑4305
  • c
    coppersmith
    I am so tired of RUT doing nothing all day. Can you move??? I have been reading (http://Achieverspot.tech) for a month now and the stocks there actually go!
  • B
    B
    The other indices (S&P, Dow, Nasdaq) dropping like a rock (down 1.3%).... Russell will not be far behind
  • C
    Chari
    This will need to come down to 1600 or so in the next round of selloffs.
  • D
    Doomaster
    R2-K........down 3.26% yesterday.........!! Remind me.........who warned everyone how OVERVALUED this underlying market really is....again.
  • M
    M
    This is the level of prepandemic! Does it mean since then til now there were no progress on the value of these stocks!?
    Imho this is just panic. I Hold for it to go back up hopefully way higher than before.
    (Not advice, do your own research)
  • o
    oz
    This was 1153 during peak of pandemic in March 2020, more Bears coming in hard & fast
  • A
    Anthony
    we were at this level august 2018, so five yrs no progress is that just normal?
    Bullish
  • A
    Andy
    It is puzzling to understand why the RUT would be over 900. The valuations and PE ratios and the economic environment don't support anything above 900. We could easily drop 40% to 50% from here. Unless there is recession, then things could drop by 60% to 70% from here.
  • A
    Andy
    During the last half of the day, the Russell 2000 gave back most of whatever small gains it had. The market is looking very weak and losing breadth. This is a warning sign for tomorrow.
    Give this message a thumbs down if you think the market is looking weak and is likely to head downward over the coming weeks and months.
    Bearish
  • G
    GOLD IS MONEY
    Another PPT intervention to prop up markets until the next leg down. END THE FED. Gold and silver are money.
  • A
    Andy
    Stocks go down in steps. The Russell 2000 is about to visit 1750. It is way overvalued. PE ratio is way too high. PE ratios of indexes will hit 8 or lower, but it will take a few months. We are starting to see lower highs and lower lows. So far only 0.9% is priced in for increases to the Fed funds rate for all of 2022 and all of 2023. When the PE hits 8, the Russell 2000 will be around 900. It is still near its peak, down 20%, but will drop by 70% before it settles. There will be a lot of rallies, but just like in 1973-74, each rally will be lower than the prior rally. Don’t forget to sell in May and go away.
  • A
    Andy
    This week looks worse than the previous. Week. Inflation is rising at 8% and going beyond. The Fed is still hugely stimulating the economy with a Fed funds rate of less than 1%. This is going to result in a disaster. The Fed has still not gotten serious about the raging inflation that have created. Cost of beef and cost of aluminum and cost of fertilizer and cost of gasoline and cost of steel and cost of bread and cost of milk and cost of baby formula and cost of cars and cost of plastics and cost of shipping and cost of wheat and cost of labor and cost of land and cost of rents are surging higher!
  • Y
    Yo Dawg Investin
    Strange day but expected. Nothing but short sellers squeezing out in the morning only to return and start shorting again during the afternoon. Today's green day on the Russell is a pit stop reprieve for longs on junk that are going to continue their bloodbath next week.
  • A
    Andy
    This is really looking worse each week. Labor costs are starting to rise faster. Rents are continuing to rise.
    Land prices are continuing to rise. Materials like natural gas, oil, coal, aluminum, steel, wheat are all getting more expensive. This is driving up electricity cost and fertilizer cost and produce costs. The market knows what is coming, and lower highs and lower lows continue to show up for stocks and bonds. Only 0.9% of the needed interest rates have been priced-in, but they need to raise the Fed funds rate at least to 7% to get inflation-neutral. The Fed has not yet gotten serious about breaking the back of inflation, but is instead stimulating the economy at full speed. They have the country on-track for 15 % inflation by end of 2022 and higher into 2023. Dismal.
    Bearish
  • A
    Andy
    Don't get all brent out of shape. Brent crude is up over $109 per barrel. Diesel fuel costs have set a new record and this is while the administration is depleting the strategic petroleum reserves. Oil looks to be on its way over $130 per barrel.
    Bearish
  • J
    Jimbo Wimbo
    This is due a big bull run when the market stops sulking
  • E
    Elmo
    2018 level, if you also take account that there are 4 times more dollars in flow since 2020 March you have lost way more that we are in 2018 level.
  • C
    Chuck
    Interesting...
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