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Watch Small Caps For Short-Term Leadership

ByCandy Matheson
Published 04/12/2018, 12:32 AM
Updated 07/09/2023, 06:31 AM

The Russell 2000 Index (RUT) is holding closer to its January all-time highs, compared with the Dow 30, S&P 500 and NASDAQ 100 Indices, as shown on the following daily charts.

Its momentum indicator remains the strongest, of late, and is above the zero level, as are the others.

Dow, SPX, COMPQ, RUT Daily

As well, the RUT is showing relative strength in terms of the percentages gained/lost on the following year-to-date and 1-week graphs.

All of this suggests that traders/investors preferred to accumulate risk to value lately.

Keep a close watch on the RUT for leadership on any further strength, or lack thereof, as a potential indicator of whether equities, in general, will either rally towards new highs, or drop to new lows for the year, in the near term.

Dow, SPX, NDX, RUT Losses, January 23-April 11
Dow, SPX, NDX, RUT Performance, Week of April 4-11, 2018

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Is this your final statement? Don't later, blame this and that for missed prediction.
As you're no doubt aware, the stock markets are fluid and always fluctuating. A prudent trader remains vigilant in monitoring and adjusting his/her positions in response to changing conditions or factors, whether he/she is a short/medium/long-term trader. To remain firmly unwilling to accept and adapt to those would be financially unwise.
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