Monday, March 19, 2012

Small Caps Finally Catch A (Their) Break

It happened. Finally! Small caps (RUT or Russell2000) managed to move over 83.30, a resistance level since early February. S&P500 and Tech joined the rally, but the Dow was a big laggard, closing breakeven.
The close however wasn't promising but quite weak and reminding us to be cautious.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
They were all up, together with indices. Silver was the outperformer, but up only just over 1%.

I'm still holding a tiny bit of INSP.

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