Indices Repeat Friday's Action - Russell 2000 Leads

Monday registered further gains, but buying volume was light. The biggest gain was the Russell 2000 as it added 2.65% on an acceleration of the gains. This was enough to return a new 'buy' signal in the MACD, returning technicals as net bullish.

The Nasdaq didn't quite register the same gain as the Russell 2000 but there was a further divergence in the relative performance of the Nasdaq to the Russell 2000.

The S&P also continued its run into the rarified air of no resistance, although - like the Nasdaq - it continued to lose ground relative to the Russell 2000.

The Russell 2000 is at risk from pulling away from other indices and becoming a runaway blow out as it sucks the air out of the room. 

Disclaimer: Investors should not act on any information in this article without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.