Small Caps Recover

The Russell 2000 had the best of the action with a reversal on yesterday's losses. This is a strong vote of confidence for bulls, although channel resistance hasn't yet been breached. Rate-of-Change also remains on the bearish side of the fence.

Meanwhile, it was a non-event for the S&P.

The Nasdaq shed a small percentage, but did so on higher volume distribution. On-Balance-Volume and MACD are still bearish.

Tomorrow is edging towards bulls for the S&P, and the Russell 2000 swinging back in favour of bulls. Other than that, there was little more to say about today.

You've now read my opinion, next read Douglas' and Jani's.

I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for "fallond".

If you are new to spread betting, here is a guide on position size based on eToro's system.

Share on StockTwits


Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.

Follow Me on Twitter

Dr. Declan Fallon is the Senior Market Technician for, and Product Development Manager for I also trade on eToro and can be copied for free.

Popular posts from this blog

Bull Flags for Nasdaq and S&P

"Inverse Hammer" on Russell 2000 Breakout

'Bear Traps' for the Nasdaq and S&P as Russell 2000 holds above support


Show more