Tussle in the Russell – Year Highs in Sight

Have a quick look at the Russell 2000 weekly chart below.  As you can see, we’re a point or so off the year’s high (745) printed the week of April 26th.

This is notable in that we’re talking about a great big swathe of stocks, many of which were too small to have been direct beneficiaries of Government largesse and didn’t have the ability to simply focus on overseas sales to make up for a weak domestic economy.

We’re a small cap’s sneeze away from a breakout – if you’re not watching this tussle, you may be missing out on something big.

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  1. Chart o’ the Day: The Russell 2000 Breaks Out commented on Mar 22

    […] has been left in the dust by the Russell 2000 small caps, particularly small cap growth stocks. I pointed to the nascent breakout in early December as the Russell was taking out the key 1200 resistance […]