Gary Tanashian's  Instablog

Gary Tanashian
Send Message
Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
My company:
Notes from the rabbit hole
My blog:
Notes From the Rabbit Hole
  • RUT Roh? 0 comments
    Mar 16, 2010 8:23 AM | about stocks: SBB, RWM, UWM, URTY, SJH, SPY, DIA, QQQ

    Conspiracy theorists should try to get over the conviction that Bernanke and Geithner are buying S&P futures (or whatever) and controlling markets in an upward direction to promote agenda.

    Leading indicators like the Russell 2000 index of small caps state that it is just mass sentiment getting whooped up once again - perhaps with a feeling of 'in Ben we trust (to inflate)' - but none the less, it is wild eye speculators taking the RUT and a host of other speculative leading markets (China notably excepted) and froth indicators higher.

    Here is a micro view of the RUT showing an interesting candle that 'could' hint at a short term top. The opposite of a hammer (bullish) is a Hanging Man and he ain't bullish. If confirmed, he will have come at the end of a short term (up) trend and he will lead to some south side exploration of support levels. We note a couple gaps lower for good measure.

    I am typically not a candlestick micro manager, but it will be interesting to see if the day traders see what I see and turn the party down a notch.

    Disclosure: No position

Back To Gary Tanashian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.