I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index. I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go [...]
OMX has hit (and exceeded by over 10%) the final target today for a 29.7% gain in just over 2 weeks. Therefore, consider booking full profits on this trade. OMX will now be removed from the Active Trades category.
the OMX long trade just hit the first target for an 11.8% gain from entry so consider booking full or partial profits and/or raising your stops. also note that upon further review of the charts, i have lowered T2 to the 9.60 level. although i still prefer T1 on this trade, i think it does [...]
the OMX setup is breaking out of the previously posted bull-flag pattern, triggering a long entry. due to the fact this is a counter-trend trade, i currently favor T1 at this time.
typically, most setups posted here are either categorized as a long setup or a short setup. however, i will occasionally post a pattern that could go either way, such as a symmetrical triangle pattern. in the case of OMX, this one is a bit more complex. OMX plunged from about $19 in early 2011 all [...]