Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Small Caps Outperform

Published 01/27/2015, 12:00 AM
Updated 07/09/2023, 06:31 AM

A good start to the week was kicked off yesterday with Small Caps adding nearly 1%. The Russell 2000 hasn't reached a point of challenging major support or resistance, but yesterday's action cleared the 20-day MA, and accelerated the relative advance against the S&P. Technicals for the index also shifted net bullish.

RUT Daily

The S&P held on to its 50-day MA. Although, the 20-day and 50-day MAs have flat-lined. However, it's nicely set up for bulls today.

SPX Daily

The NASDAQ is close to a challenge of highs, and has the benefit of net bullish technicals. Like the S&P, it experienced a relatively small gain yesterday, but it did register an accumulation day.

COMPQ Daily

The Semiconductor Index also performed, and is close to breaking declining resistance.

SOX Daily

Today is looking favorable for bulls, particularly for the Russell 2000 and NASDAQ. Shorts don't have much to work with - at least not from yesterday's close.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.