Russell 2000 Index--A Different Indicator
The “canary in the coal mine," Russell 2000 Index (^RUT), dropped into negative territory at the beginning of July, considerably earlier than the other major indices.
The Secondary Indicator has already made one crossover of zero and is now trying to make its second. What to do if it does? Look to the weekly charts to see if it’s time to go long--not sure. What about monthly indicators? In technical terms, those looks dodgy.
Disclosure: No positions in stocks mentioned