Nasdaq, S&P 500 Primed for Further Gains but Russell 2000 Remains Range-Bound

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S&P 500 News

US Small Cap 2000,Ishares Russell 2000 ETF,NASDAQ Composite

Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com

I'm giving day trading a go and with hindsight, yesterday should have been an"easy" profit day, but the volatility swing on the economic data threw me off and I missed the big gains in the), but the Nasdaq made up for it. There wasn't a whole lot of volume to go with the buying, but if yesterday's moves can stick then this shouldn't matter.

The S&P 500 was a little more low-key, but technicals are not as bullish as for the Nasdaq with the MACD still to switch to a new 'buy' trigger. However, On-Balance-Volume is showing strong accumulation, even though relative performance against the Nasdaq is falling off a cliff .

 

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