Russell 2000 continues to surge
After weeks of listless action, the Russell 2000 ($IWM) has suddenly come to life. A second day of strong buying, ranked as accumulation, has offered volume comparable to the selling in March (but now as buying). Relative performance hasn't fully moved in the Russell 2000s favor, but it's only a day away from outperforming both the strongly performing Nasdaq, and the S&P. Once it gets to $187s it will start to run into congestion/resistance from the start of the year.
The Nasdaq has edged a little higher, holding on to its breakout, but likely requiring a test of the 20-day MA before it kicks on again. Nasdaq trading volume has fallen while the Russell 2000 has gained. Technicals are firmly net bullish, and while that may be a cue to sell, it's only when technicals move to an oversold state that these concerns become more relevant.
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Investments are held in a pension fund on a buy-and-hold strategy.