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March 02, 2006
Russell 2000 ($RUT) Continues Its Dominance
Most of the yesterday’s headlines focused on the Technology and the Nasdaq. That may be the new story, but the old story remains the same. The Russell 2000 (+1.60%) gained more than the Nasdaq (1.46%) or any other broad index for that matter. In addition, the Russell 2000 closed at a new all time high. I highlighted the flag breakout on 21-Feb and just over a week later this signal is bearing fruit. It is just a continuation of the existing uptrend and there are NO signs of weakness.
Posted by Arthur B. Hill at March 2, 2006 06:50 AM