
The Russell 2000 Index has experienced significant gains, reaching its highest level since January 2022, closing at 2,194.46. This surge marks the index's best four-day run since June 2020, with the index up 0.9% and nearly 34% from its low. Additionally, 10% of Russell 2000 members are at a new 52-week high, and 20% are at a new six-month high. The index is also on pace for its fourth straight day of 1%+ gains, a rare occurrence since 1979. Furthermore, the Russell 2000 Industrials sector has surged to a new all-time high. Notably, 67% of Russell 2000 members are trading above their 200-day moving average.
Smaller-than-large-cap US index ETFs have gotten very overbought, very quickly. The Russell 2,000 ETF $IWM closed yesterday 6.66% above its 50-DMA, while the Micro-Cap ETF $IWC closed 7.77% above. https://t.co/QoW1hvxryD
Russell 2000 Catch-Up Rally Could Be Just Starting Following Clean Breakout https://t.co/6LLRZzpbts
Russell 2000 Industrials sector has surged to a new all-time high https://t.co/Q9I6l9kB3z
