‘Russell 2000’ Archive

Small Caps working on breakout similar to Mid Caps!

CLICK ON CHART TO ENLARGE I applied Fibonacci extension levels to the 2002 lows and 2011 highs in Mid Caps. The 161% Fibonacci extension level looked to create some resistance, as Mid CapsĀ chopped around this level for 5-months last year. Mid-Caps finally broke above this level and are pushing higher. I applied Fibonacci to the […]

Small caps on the verge of a major breakout?

CLICK ON CHART TO ENLARGE The above table looks at returns over the past 100 days (actually 103 days). It feels like the broad market has done OK of late, yet when looking at performance, the S&P has been rather flat. Actually really flat (0%), according to data coming from Yahoo finance. The Russell 2000 […]

S&P 500 – Historically bullish on a breakout here

CLICK ON CHART TO ENLARGE Could our past impact the future? First off let’s see if it has in the past! The above chart is a long-term view of the S&P 500. 1974 was a key low, it took place around the time President Nixon was impeached. Most are aware that that a very sharp […]