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S&P 500
5,719.54
(
1.80%
)
US TECH 100
19,396.40
(
2.86%
)
Dow Jones
42,049.94
(
1.32%
)
Brent Oil
74.23
(
2.55%
)
Bitcoin
63,513.02
(
2.99%
)
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gfp927z

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gfp927z

Re: None

Friday, 05/03/2019 3:58:27 PM

Friday, May 03, 2019 3:58:27 PM

Post# of 443
The Russell small caps (RUT) just blasted through key resistance today with gusto (1600), so a good sign for the overall markets.

The RUT has lagged for some time, and still needs to get to the 1750 area to make a new high, but if it had started to seriously sell off then that could be ominous for the broader indices.

The Russell had hit a wall since Feb while the S+P, DJIA and Nasdaq all went on to new highs, which was threatening to create a divergence. The small cap index is viewed as a good gauge of investor's general appetite for risk.



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