• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Small-Caps Feel the Pinch “Under the Hood”
Stock

Small-Caps Feel the Pinch “Under the Hood”

by May 8, 2023
by May 8, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

We’ve noticed that depending on what index you’re in, price is holding up or not. The SP500 (SPY) (pink solid line) tested February highs, but the SP600 has been angling lower. Today we saw disparity again as the SPY was up slightly while SP600 (IJR) was down on the day.

For IJR, overhead resistance is strong at the 50-day EMA, the declining trend out of the February high has not been overcome as it was for the SPY coming out of March lows. IJR’s PMO saw a top beneath the signal line earlier and while it is currently rising, another decline will likely have it top beneath the signal line. The Silver Cross Index has topped twice beneath its signal line and the Golden Cross continues to deteriorate. Participation is high enough to turn the Silver Cross Index up, but it has been unable to reverse suggesting internal weakness.

Conclusion: Without broad market participation, we should expect most indexes to succumb to gravity.

You Might Also Like
  • Is a New Market Uptrend Starting? Key Signals & Trading Strategies
  • Stealth AI Stocks Are Taking Off in a Flat Market
  • DP Trading Room: Bonds & Yields At An Inflection Point
  • Three Charts To Watch For An “All Clear” Signal
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Daily Briefing Notes for the Market
next post
Democrats rail against Biden admin’s handling of southern border as Title 42 expiration approaches

You may also like

Stock Market Today: NVDA Reports, Tech Lags, Financials Take the...

August 28, 2024

Stock Market Sell Off: Is the Bull Market Over?

December 19, 2024

3 Stocks to Watch While Everyone’s Staring at NVIDIA

May 24, 2025

Sector Spotlight: Sector Rotation Suggests Market Ready to Move

April 18, 2023

Breakaway Gaps: Scanning for High-Probability Trading Opportunities

May 3, 2023

Investing with the Trend book Review

August 26, 2024

Hershey Stock Pulls Back: Now’s Your Second Chance

May 24, 2023

Stock Market Shows Its Magic: An Exciting Finish

May 31, 2024

Will This Sector Rotation Be The Start Of Something Bigger?

July 18, 2024

EQUITIES HIT ALL TIME HIGHS AS TECHNOLOGY JOINS LEADERSHIP GROUPS

May 20, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

      May 29, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,764 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,450 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,429 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,307 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    NVIDIA’s Stock Split and Potential Correction

    June 7, 2024

    A Breakout May Be In The...

    March 1, 2023

    QQEW Divergence vs. QQQ Shows Weak...

    April 28, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here