Another Gap Marks Another Bottom

It was all about the Dow Jones Industrial Average Tuesday and how the index popped to a new all-time high. I certainly got that one wrong as I had been looking for the Dow to stall at the 14200 level, home of its October 2007 highs. It certainly didn't. But my Dow call wasn't totally worthless, as I was looking for that new all-time high to be unconfirmed by everything else, at least in the sense that nothing else was expected to make a new all-time high. I wasn't disappointed because not only did nothing else make a new all-time high, but also the Russell 2000 (RUT) still hasn't returned to its gap from Feb. 20 or its all-time high from Feb. 19 at the same level, 932.

RUT: Still no net progress since Feb. 19. Source: optionsXpress View Chart » View in New Window » ...722 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.