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Wednesday, October 18, 2017 8:02:28 AM
Small caps not participating in October rally
By: Almanac Trader | October 17, 2017
As of today’s close, the market is just past the half-way point in October. DJIA has been the star of the month, up 2.64% already, comfortably above its average full-month of October performance of 2% over the last 21 years. NASDAQ is second best, up 1.97% nearly matching its full-month performance of 2.44%. S&P 500 and Russell 1000 are up 1.59% and 1.56% respectively. However the Russell 2000 Small-cap index has been headed lower since the fourth trading day of October. This small-cap trend is a divergence from the typical October pattern seen above. All five indexes typically rally in unison in October, just at different magnitudes. The last time Russell 2000 fell behind was in late July. Shortly thereafter DJIA, S&P 500 and NASDAQ also faded.
http://jeffhirsch.tumblr.com/post/166511958928/small-caps-not-participating-in-october-rally
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By: Almanac Trader | October 17, 2017
As of today’s close, the market is just past the half-way point in October. DJIA has been the star of the month, up 2.64% already, comfortably above its average full-month of October performance of 2% over the last 21 years. NASDAQ is second best, up 1.97% nearly matching its full-month performance of 2.44%. S&P 500 and Russell 1000 are up 1.59% and 1.56% respectively. However the Russell 2000 Small-cap index has been headed lower since the fourth trading day of October. This small-cap trend is a divergence from the typical October pattern seen above. All five indexes typically rally in unison in October, just at different magnitudes. The last time Russell 2000 fell behind was in late July. Shortly thereafter DJIA, S&P 500 and NASDAQ also faded.
http://jeffhirsch.tumblr.com/post/166511958928/small-caps-not-participating-in-october-rally
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Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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