Breaking News

Small Caps Break Out

By Declan FallonStock MarketsJun 04, 2015 12:04AM ET
Small Caps Break Out
By Declan Fallon   |  Jun 04, 2015 12:04AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

In a low key move, the Russell 2000 broke from its channel in a relative swing, in favour of Small Caps and away from Tech and Large Caps. This is an important development for bulls looking for a larger push outside of 2015 consolidations for the range-bound S&P 500, Dow, NASDAQ and NASDAQ 100.

RUT Daily
RUT Daily

The S&P remains caught sub-2,120. Yesterday's attempt to break this level was again rebuffed, but action in the Russell 2000 offers another opportunity for bulls to drive a breakout today.

SPX Daily
SPX Daily

The NASDAQ finished pegged at 5,098 with a neutral doji. Volume was lighter, and the MACD is about to switch to a 'sell' trigger.


The Semiconductor Index is back at breakout support at 730s. It's an important opportunity to consolidate to the breakout, otherwise the risk is a new test of the 50-day MA. Technicals are well placed for bulls, and there is an opportunity for the NASDAQ to benefit from semiconductor strength.

SOX Daily
SOX Daily

Today is yet another opportunity for bulls to launch an attack on Tech and Large Cap indices, as they did with Small Caps yesterday.

Small Caps Break Out

Related Articles

Small Caps Break Out

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post also to:
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email