div > div.group > p:first-child"> While the Russell 2000 small-cap index has lagged the major averages, still down more than 10 percent from its September highs, market watchers say its next move will be critical to where stocks go in the next few months.
But the Russell's recent flattening concerns Maley, who said the index is now pushing up against the 50-week moving average that it broke below in late 2018. "Now, the 50-week moving average provided unbelievably solid support in 2016, 2017 and through much of 2018," Maley said."Old support becomes new resistance, and we're bumping up right against that line right now. So, [if] it can break out above that line, ... it should be able to move nicely. If it fails again, it may roll over in a decent way.
"When we talk large caps versus small caps, the very first thing that we want to consider is what are the positive catalysts that could move stocks at this point?" Tepper said on the CNBC segment."The biggest one for me that jumps out is trade, and trade doesn't mean as much for small caps because they're conducting most of their business right here in the U.S."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market trades at session low with energy sector, Boeing's stock weighingThe stock market traded at session lows with about two hours left in regular trade Wednesday afternoon. There appeared to be no direct catalyst for the...
Source: MarketWatch - 🏆 3. / 97 Read more »
A stock picker who's dominating 92% of his peers breaks down his market-beating strategy — and reveals 5 stocks he loves, even as earnings growth dries upJim Tierney at AB invests in no more than 20 companies that hold the promise of growing profits even in an earnings recession.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Modi victory rally in Indian stocks is prematureThe Nifty 50 benchmark hit a record high on expectations the prime minister’s BJP party will get five more years. Valuations are already toppy amid an economic slowdown and weak investment. That can improve only if the winner repairs a huge trust deficit with the “bollygarchs.” ReutersBiz ugalani bitcoin rally helped this ATH 😅
Source: Breakingviews - 🏆 470. / 51 Read more »
Global stocks rally stalls as U.S.-EU trade war threat simmersWorld stocks slipped below the six-month high they reached earlier this week as ...
Source: Reuters - 🏆 2. / 97 Read more »
Legalization in Canada Sparks Rally in Marijuana StocksShares of marijuana companies have been on a tear this year, a sign that the cannabis craze isn’t letting up. Plant. It's a plant. 'Substance.' Hilarious. The real green bubble. Unlike tobacco, home grown is a cinch. Someday they're going to look back at this crazy idea, and think, just what in the hell were we thinking ? THC getting more potent, and now will be vaped as well. You think the roads are dangerous now, you haven't seen nothing yet.
Source: WSJ - 🏆 98. / 63 Read more »
Cramer: 'We're in trouble' if JP Morgan's stock doesn't rally when it reports earnings'If that stock doesn't go up when it reports we're in trouble,' CNBC's Jim Cramer says. That is your first clue? You’re in trouble. jimcramer never will I be associated with TEAM We're $rvn $flo
Source: CNBC - 🏆 12. / 72 Read more »
Market Signals Suggest Oil Rally Has MomentumClosely watched indicators in the oil market are boosting confidence that prices can continue to rebound, sparking bullish bets by investors ahead of the summer. Global public,concerned warned that this trend may further aggravate global economic inequalities,push the world nearer to economic,financial crisis similar but at a bigger scale.only some ignition may be required.what that ignition as a cause to the effect?Lift sanctions help? Up
Source: WSJ - 🏆 98. / 63 Read more »
Cramer Remix: Another pullback could push the market to keep rallyingJim Cramer advises investors not to panic after Tuesday's dip, citing a down day could lead to big rallies for companies ahead of earnings season. More BSing people, huh? I’d have to say this guy is definitely getting paid by the market makers. If the market does not pull back....the rich can't make big money.....
Source: CNBC - 🏆 12. / 72 Read more »