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.
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Wednesday, November 16, 2016
RUT Russell 2000 Small Caps Daily Chart; New All-Time Record Closing High
The hits keep on coming. The Russell 2000 small caps print a new all-time record closing high at 1302.14 but the all time high from yesterday remains at 1306.56, nearly 1307. RUT 1300+. The Trump Rally has created new record highs for the Dow Jones Industrials and the Russell 2000. The SPX (S&P 500) is only 10 points away from all-time records. The low CPCE put/call ratio, however, indicates rampant market complacency so a near-term top would be expected at anytime forward. 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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