There next down swing in small cap stocks could get very messy.
Using readtheticker.com Hurst cycle tools we can see that both in Small cap stocks and Crude oil may be swinging down over the next few months. The easy money has been made on the up swing, yes there may be little more to go on the up swing, but not much! When the cycles works is a good idea to keep an eye on it!
Small cap stocks is a good measure of Risk On vs Risk Off. Remember true accumulation sees the reduction of volatility, so far we have not seen this, which suggest distribution is the main theme of this consolidation, and lower
"In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction." ~ Jesse Livermore
"People somehow think you must buy at the bottom and sell at the top to be successful in the market. That's nonsense! The idea is to buy when the probability is greatest that the market is going to advance." ~ Martin Zweig (The inspiration behind a number of Martin Zweig's methods came, from Jesse Livermore).
"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch
"The first rule is not to lose. The second rule is not to forget the first rule." ~ Warren Buffett
"It is much harder to sell stocks correctly than to buy them correctly." Because of the emotional aspect of trading, if a "stock went up, the average investor would hold because he wants more gains - he's exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even - he's hoping against hope." ~ Bernard Baruch