The Russell 2000 Still Calls the Shots
In my column from last Thursday, I highlighted the Russell 2000 small-cap index as having neatly marked last week's lows by pulling back to the bottom of the previous week's Nov. 23 Thanksgiving Day gap at the 798 level, coming within pennies of filling that one and bouncing.
After the bounce off of that level, I suggested that the Russell now might be in the process of marking another turn -- this time a top, presumably after filling its Nov. 7 gap. That gap, you'll recall, was at 825.64. Here's what I said last Thursday about that Nov. 7 gap:...467 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.