July 16, 2011
MAJOR INDICATORS FLASHING "CAUTION" FOR RUSSELL 2000
Richard Rhodes
At times, it is best to step back and take a longer-term viewpoint of the markets; and today we'll examine the Russell 2000 Small Caps (RUT). Quite simply, RUT has having difficulty moving past its all-time highs forged in October 2007; and in the process - have caused the major indicators to flash "caution" as the 9-month RSI hit above the 70-level, while the distance above the 30-month moving average rose to above 20%.
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