Smalls Stall

Smalls Stall

The 200 day moving average remains in control. The small caps(IJS) moved past the 200D in the early going yesterday but the upside momentum eased by the close. Small caps are weak again today as another potentially failed breakout appears to be developing. The $147.00...
Russell Still Lagging

Russell Still Lagging

The Russell 2000 Index continues to lag.  While the Dow Industrials, S&P 500 Index and the Nasdaq Composite moved well above their respective 200 day moving averages this week the R2K Index has remained below.  A similar pattern can be found in the Dow Transports....
Small Caps Remain Heavy

Small Caps Remain Heavy

The IJS(iShares S&P Small Cap Index) are limping into the close.  Small Caps have not been able to match the other major indexes during this week’s rebound.  While most indexes have remained above their 200 day moving averages during the recent pullback, the...
Russell 2000 Reaches New 2019 Highs

Russell 2000 Reaches New 2019 Highs

The Russell 2000 Index has been consolidating in a narrow range since late February.  The last six weeks of this pattern straddled the 200 day moving average.  This week the 200 day, along with the 50 day moving average, are in position to support a fresh rally leg. ...
Small Problems Continue

Small Problems Continue

Small cap stocks have been struggling since reaching its 200 day moving average back on February 20th.  This key index began to pullback on the 25th and, after a shallow rally last week, the IJS is heading for its lowest March close today.  We highlighted...