It goes w/o sayin that the latest potential H&S needs neck b/o but then tgt would mean gap fill.
Note the dowtrend on volumes
Recent call by gs to see 12-month Russell 2000 return forecast of 14% compared with 6% for the S&P 500 might be a kiss of death. Correlation w/ spx has recently resumed and this goes against that call.
Major underlying charts are all o/b:
ALASKA AIR GROUP INC
PHARMACYCLICS INC
AXIALL CORP
GENESEE & WYOMING INC
OCWEN FINANCIAL CORP
STARWOOD PPTY TRUST INC
TWO HBRS INVT CORP
COMMVAULT SYSTEMS INC
DRIL-QUIP INC
GULFPORT ENERGY CORP
Note the dowtrend on volumes
Recent call by gs to see 12-month Russell 2000 return forecast of 14% compared with 6% for the S&P 500 might be a kiss of death. Correlation w/ spx has recently resumed and this goes against that call.
Major underlying charts are all o/b:
ALASKA AIR GROUP INC
PHARMACYCLICS INC
AXIALL CORP
GENESEE & WYOMING INC
OCWEN FINANCIAL CORP
STARWOOD PPTY TRUST INC
TWO HBRS INVT CORP
COMMVAULT SYSTEMS INC
DRIL-QUIP INC
GULFPORT ENERGY CORP