Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Tuesday, November 15, 2016
RUT Russell 2000 Daily Chart; New All-Time Record Highs
The Russell 2000 small caps print new all time record highs taking out the 1296.00 high and 1295.80 closing high from June 2015. The RUT prints 1306.56, nearly 1307, for a new all-time high and 1298.60 a new all-time closing high. The Trump Rally has created new record highs for the Dow Jones Industrials and the Russell 2000. These two major indexes have never printed this high in history. Some analysts predict that a Trump presidency will send the US into protectionism and a trade war; if so, the domestic-centered small cap stocks will fare far better than multinationals and other mid and large cap stocks. 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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