iShares Russell 2000 ETF (IWM)

* Equities are not broadening out * Several time-tested valuation models point to downside risk dwarfing upside reward… Yesterday I quoted from portions of The Divine Ms M’s column in which she delivered an important message that the market WAS NOT BROADENING OUT (contrary to those in the business media who have said the opposite). …

* The McClellan Index (NYSI) is faltering, the Mid Cap Index ($MDY) is weakening, the Russell Index ($IWM) is not “crowing” nor is the equal weighted S and P Index ($RSP) participating in the markets’ recent advance… Contrary to the near universally bullish narrative of most of the “talking heads” in the business media, the market is …

$SPY +0.44% $QQQ +0.26% $IWM -0.58% $RSP -0.04% Position: Short SPY (M)

I just covered my trading short rental IWM ($IWM) short at $301.62 for a quick profit from yesterday. From Monday: Yeah, I’m a Rabid Anti Broadite “Those people can be so touchy… “ – Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube I am back shorting the Russell Index (IWM) …

“Those people can be so touchy… “ – Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube I am back shorting the Russell Index ($IWM) at $304.13. Yada Yada Yada. Position: Short IWM (S)