Tag Archives: Russell 2000

Russell 2000 candlestick chart

Critical support zone for the Russell 2000

Critical support zone for the Russell 2000

Russell 2000 1-Year Chart

Reference my last chart analysis for the Russell 2000 published May 19, 2014. We are back to the same major test of critical support.

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Russell 2000 Small Cap Index chart

Russell 2000 10% correction and support around 1100 to 1080
Russell 2000 Index weekly chart showing the 10% correction  in relation to the moving averages.

Russell 2000 Small Cap Index Weekly Chart

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And the view from the daily chart
Russell 2000 Index 10% correction and the support level.

Russell 2000 Small Cap Index Daily Chart

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“Keep it Simple”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Russell 2000 ETF (IWM) long-term chart analysis

Russell 2000 long-term uptrend and all-time high
Long-term chart analysis for the Russell 2000 Index on the logarithmic chart. The index and  the associated iShares ETF (ticker:IWM) are trading at an all-time high.

Russell 2000 iShares ETF (IWM) Logarithmic Chart

The Russell 2000 Small Cap Index and the ETF proxy iShares Russell 2000 ETF (ticker:IWM) are trading at an all-time high with a long-term uptrend. The fact that smaller capitalization stocks are leading the markets higher is a good sign for the continuation of the uptrend in the overall U.S. stock market. It is now trading around 16% above the November, 2012 low. The 15% to 20% intermediate gain for a stock or index is the critical range to monitor for topping patterns.

The large capitalization stocks represented by the S&P 500 Index and the SPDR® S&P 500® ETF (ticker:SPY) must now follow and breakout to new all-time highs. It is worth noting that the performance of both the Index and ETF have been skewed because of the relatively large weighting of Apple — 3.62% and 3.57%.

An educational link to review is Largest ETFs: Top 100 ETFs By Assets.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

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