Friday, February 10, 2017

RUT Russell 2000 Small Caps Daily Chart; New All-Time Record Closing High

For the seven major indexes SPX, INDU (or DJI), COMPQ, NDX, RUT, NYA and TRAN, five of the seven print all-time highs and six of the seven print all-time closing highs. The S&P 500, Dow Jones Industrials, Nasdaq Composite, Nazzy 100 and the NYSE Composite each print both new all-time intraday and closing highs. The Russell 2000 small caps, as seen in the chart above, print a new all-time closing high at 1388.84 but not a new all-time high. The all-time high at 1392.71 from 12/9/16, two months ago, remains king of the hill. Watch this number closely on Monday.

TRAN has not yet printed new all-time highs. The Dow Transports need to print new highs to confirm the new record highs in the Dow Industrials from a Dow Theory perspective. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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