March 7, 2019

Are the Small-Caps Going To Lead Or Lag?

People always reference the small caps as being the leading indicator of market direction. I can see how that plays out at times. Unfortunately, now is one of those times. Just take a look at the screenshot I have. That teal blue line here I have circled is the 200-period SMA. A key level in any stock or ETF you track, this time it was a massive ceiling. The reaction off this level is been strong and we are starting to see the small-cap names washout. This is a risk-off period in the markets. I just hope this doesn’t continue to roll over into a full-blown sell-off. Keep a close eye on the IWN and use this as your potential market leading indicator.  

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]

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September 16, 2022

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr cover this week’s CPI report and other future events that could impact the market, along with ways […]

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr touch on the best stock market indexes to follow and common issues they notice among struggling traders. […]

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