Daily Market Commentary: Small Caps Advance
Large Caps had their time in the sun too. The S&P saw its technicals turn net bullish on higher volume accumulation.
While the Dow finished shy of a push to a new 2011 high.
The Nasdaq or Nasdaq 100 have yet to enjoy the same strength as the aforementioned indices. Both remain technically net bearish.
So it looks to be up to the Russell 2000 to drive this rally higher. Tech has been a disappointment, but is at least heading in the right direction. Defensive large caps have an opportunity tomorrow to break 2011 resistance, although overall volume has been disappointing (despite being higher). Bulls in control.
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