What is the Russell 2000 Index Telling Us?
On May 2nd 2011 the Russell 2000 (RUT) small-cap index landed at a fresh all-time high. From the March 2009 lows to the May 2011 highs, the measured move equals more than 150%. The S&P 500 in comparison rose just over 100% over the same time period. As the often weaker summer months for […]
Today’s pre-market video is ready to view here:
http://steadytrader.wpengine.com/video-2/march/
Early Thursday Morning Market Thoughts
It goes without saying, yesterday's market action was ugly. The clearest signal of further risk aversion in my mind came with the fake breakout higher on Tuesday, the last day of May. In hindsight it is now clear month-end games were in high gear last week, and until Tuesday of this week. The blatant disrespect […]
Another Technical Look At The Russell 2000
The most recent stock market rally that started on May 25th continued in full force yesterday, Tuesday May 31st. While end of month forces may have been at work, it speaks positive nontheless. The major U.S. equity indices closed at the highs of the day and as such overcame a good amount of technical resistance […]