Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$IWM $RUT looks ready, gap up today, $204 close this week and we can see momentum shift into $IWM/ $RUT : small cap stocks Inside week candle on $IWM / $RUT / $XBI $ANF on watch if $IWM breakout $REGN $AMGN $SRPT if $XBI breakout
$IWM Small caps showing superb relative strength including several biotech names & $XBI.
Stocks broadly higher. But check this out. The Russell 2000, up 0.8%, is outperforming the Dow, S&P 500 and Nasdaq. Another head fake or are small caps finally set to enjoy a solid rally?
The Russell 2000 Index ($IWM, $RUT) is showing strong performance, with small-cap stocks outperforming major indices such as the Dow, S&P 500, and Nasdaq. The index is up 0.8% and has gapped up nearly 1% in early trading. Market analysts note that a close above the monthly value of 203.50 would be bullish for the index. The MACD bull cross has triggered in the small caps, indicating potential continued strength. A close at $204 this week could signal a momentum shift. Several biotech names, including $XBI, are also showing relative strength. An inside week candle pattern is observed in $IWM, $RUT, and $XBI.
