|Russell 2k Review|
Russell 2000 or small cap stocks' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
No time for video review of the Russell 2000. The invisible hand clearly knew what the Fed was going to say. But then, a second-grader probably could have accurately predicted its speech.
Russell 2000 Name Column
The invisible hand defined the Reset (R) before this morning's Virtual Jackson Hole's big reveal. If anyone has come to the conclusion that an animatronic figure from Chuck E Cheese's Pizza Parler, or perhaps Disney's Hall of Presidents could cover as the Fed chair now, you're not alone.
QE to infinity may seem like a solution, but it only kicks the can down the road, and that road is running out of room.
The Russell 2000 generated a Reset (R) after yesterday's close. It's mid cycle, because the weekly cycles are extended. Yeah, I know, who give a flip about cycles, as the clown show piles back into stocks. The majority, while stupid, is powerful short term. QE might go to infinity, but cycles do not. The composite cycle is Mid, which is still better than Late, but caution is still advised.
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