Sunday, November 22, 2009

Small Caps ($RUT) Showing Markets Weakness

How 'Bullish' is this market? The Russell 2000 Small Cap Index is usually a leader into the year end. But, recently has been under performing the S&P 500 since October...which is a signal that fund managers remain skittish about this market. The Value Line Chart ($VLE) tracks the large and small cap combined, a break under the 80ema would be bearish, while a close over 2,200 would be bullish, watch this index.
*click chart to expand image

No comments: