Dear — Jeff Bishop here,
We're entering the 2020 home stretch and many traders are wondering if the market has more gas left in the tank.
Personally, I'm still as optimistic as I have ever been. With the positive vaccine news that's been emerging from Pfizer and Moderna and a softening of lockdown measures, "worst case scenarios" are out the door.
In All-Access today, we'll share why the charts are still pointing to small caps now, as well as why we need team trading opportunities to take advantage of them.
Major indices finished the last week mixed.
SPY and QQQ finished down 0.77% and 0.19% respectively while IWM finished up 2.27%.
On Monday, the market gapped higher on the promising vaccine data from MRNA. SPY and QQQ, however, gave some back and finished the week lower.
Take a look at SPY chart:
There is not so much to talk about when looking at SPY daily chart — it traded in a range between previous support around 351 area and below all time high of 364.38.
The story is the same for QQQ:
IWM, on the other hand, is displaying relative strength by holding near the all-time highs. 
This theme is worth noting: small caps and mid caps have been performing better than large-cap tech stocks in the past couple of weeks.
Just take a look at the chart of IWM vs QQQ since the beginning of the year: higher lows since early September with acceleration to the upside in November.
This action has been great for traders: when IWM is outperforming, usually there are a lot of big percentage gainers around. Just think about high flyers like ACB in the first week of the month or parabolic runners like BLNK and SOLO last week.
The bottom line is that the current market is extremely conducive to small-cap stock runners.
In All-Access tomorrow, we will be looking at some of the best looking setups to keep on your watchlist in the upcoming week.
We're also excited to see what our resident Biotech trading expert, Kyle Dennis, will be trading this week.
Join his Fast 5 trading service for just $1 per week here and get his highest conviction trade of the week dropping tomorrow.
Stay tuned.
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From 2014 to 2015, Kyle had his first breakout year in the stock market. It was largely because he joined a live trading room with Jason Bond.
He went from -$7K to breakeven, from breakeven to a $40K year, and from $40K to his first breakout year of $838,353.*
Kyle credits it to his ability to see Jason's screen live and listen and learn from him while he placed his trades.
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*Results presented are not typical and may vary from person to person. Please see our Testimonials Disclaimer here: https://ragingbull.com/disclaimer. **RagingBull does NOT track or verify subscribers' individual trading results and these individual experiences should NOT be understood as typical as or representative. Please see our Testimonials Disclaimer here: https://ragingbull.com/disclaimer. | 
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