Small caps have led the rally from Nov-2012.
Yesterday the DJIA retraced 100% of decline off their
highs (14080) to make another high, however the small
caps only managed to retrace 50% of the decline off their
highs (932). The SPX was bid well short of its high (1530) as
well.
--
There could be one more upwards thrust for the
R2000 from here after some consolidation, however its looking like
the rally is about to falter.
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Small Caps in Trouble
Posted by rixx on 28th of Feb 2013 at 11:22 am
Small caps have led the rally from Nov-2012.
Yesterday the DJIA retraced 100% of decline off their highs (14080) to make another high, however the small caps only managed to retrace 50% of the decline off their highs (932). The SPX was bid well short of its high (1530) as well.
--
There could be one more upwards thrust for the R2000 from here after some consolidation, however its looking like the rally is about to falter.