RUT small caps are in bear market territory. If you take the 864 top in May, or the 860 top in July, either one totals a 20% or more drop as of today with the low pinrts under 688. Many traders use 20% as a gauge to determine if an index has fallen into a bear market. Oversold levels should cause a bounce in here but the chart remains ugly for the intermediate and longer terms. The preference for safety as money moves towards gold, treasuries, and staples is seen as the riskier small caps are shunned. The financials, semiconductors, small caps and industrials are all in this -20% bear market funk now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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