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Sunday, March 30, 2014
Is the Russell 2000 Index in danger of ending the uptrend?
The Russell 2000 Index is an interesting one. I dont post about this chart much becuase it has been in a strong uptrend. This is the RUT weekly chart below. I am watching the 1,100 level to see if it fails below that level. The reason why the RUT is important is becuase it is made up from 2000 small-cap U.S. stocks. Lets see if the RSI drops below the 50 line. The RSI on the weekly chart spent the whole of 2013 above the 50 line. If we see it below 50, that could be a signal to take some put options maybe.
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