Wednesday, December 3, 2014

'Tis The Season

Seasonality continues to frustrate the bears as the "grinder market" grinds higher.

The Russell 2000 proves the "buy the dip" crowd is still buying the dip and this index may be in the nascent stages of an ascending base.  Recall that 2014 has seen the S&P 500 form several ascending bases, frustrating both bulls and bears for weeks at a time (http://tradethestocktrend.blogspot.com/2014/07/s-500-ascending.html).

Perhaps the Russell 2000 will behave in similar manner as we approach the year end.
At the moment, the trend is up...until it's not!