Time to Buy
Oh boy, a shakeout! Well, it's about time, and as you might have guessed, I am buying into it.
The big story of the day -- and of the past few weeks -- is the Russell 2000. The small-cap index telegraphed this pullback for weeks, as it alone refused to move to a higher high. Today it's collapsing to multi-month lows, below its gap from Feb. 1 and erasing its gains since the close of Jan. 24. I did some buying as it filled the gap from Feb. 1, but it has continued still lower. The next downside gap is way down below -- the Jan. 10 gap at 753.51. If the RUT sells off to that level, I'll add further to my positions....445 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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