Small-Caps Give Bearish Signals
Wall Street woke up in a good mood Tuesday as stock futures pointed toward a nicely higher open, but it hit the snooze button and re-awoke in a much worse mood. Early gains faded because of continued political turmoil in Greece as that country tries to form a coalition government.
The market still looks like it's on the ropes here, especially in light of bearish price action Monday in the Russell 2000 small-cap Index. The index completed a bearish head-and-shoulders topping pattern -- in other words, it broke out to the downside. For technical investors, it was a signal to short the index with an ETF such as the ProShares Short Russell 2000 (RWM), which returns the inverse performance of the index, or ProShares UltraShort Russell 2000 (TWM), which returns twice the inverse performance of the index....437 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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