Crevice spiny lizards are typically shy and nervous.If approached, they will scuttle up rock faces or into crevices so that predators cannot reach them.
They prefer semi-arid habitats where there are numerous holes and easily accessible cracks.
Their climbing skill and small size makes them very fun to keep.
The market shares similar characteristics. A bit nervous, the market has taken to scuttling up into crevices for shelter.
At the same time, the market’s climbing skills has made it very fun to keep if you are a bull on a green day.
Interestingly, as the market climbed up in price today, so did the typical “safety” trades.
Although the market remains adept at avoiding predators, should we worry about its constant retreat into numerous holes and cracks?
Terrestrial lizards appreciate a rocky outcrop directly under their basking spot. They like when they can cling to safety while they bask.
The Modern Family shares similar characteristics.
The Russell 2000 while basking, made another attempt at piercing the 50 day moving average.
Later in the day, IWM escaped into a crevice. Althouh IWM closed green, the price is well below the point where it would change from a warning to bullish phase.
Last week I left Biotechnology as a holdout in a bullish phase. Upon my return, IBB is now in a warning phase.
Nevertheless, with a wall of support at 285.00, a break might put IBB into more permanent hiding. Through 295 though, this lizard shall bask again.
Regional Banks (KRE), also in a warning phase, has escaped into a crack not so easily accessible.
Transportation is currently out basking. IYT may want to shake off its warning phase. It will take more to convince this nervous sector to stay in the sun.
To a degree, Retail followed her Trans offspring. XRT basked over 42.00. Now the real test will be if XRT can return and close over the 50 DMA at 42.55.
Noteworthy is that the only member of the Family still in a Bullish Phase is Semiconductors. As the female, SMH can lay an egg and take that offspring with her back over 80.00. It’s within her reach.
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