How a small-cap stock market breakout is leading equities to all-time highs

As impressive, or shocking, as the gains by large-cap benchmarks, including the S&P 500 SPX, -0.19% have been, the small-cap benchmark Russell 2000 RUT, -0.39% has left them in the dust.

And recent gains have put the index in breakout territory, unlike the S&P 500, which has yet to break above major resistance lines, said technical analyst Andrew Adams of Saut Strategy, in a Wednesday note.“This is a positive signal, though it does lose some of its bullish impact due to the index already being so extended,” he wrote, noting a slight negative divergence between the price and the relative strength index , which had pushed into overbought territory.

Major U.S. stock indexes were slightly lower in choppy trade Wednesday, with the Dow Jones Industrial Average DJIA, +0.00% down 5 points, or less than 0.1%, while the S&P 500 declined 0.2%. The Russell 200 was off 0.3%. The small-cap gains have helped push RenMac’s NYSE breadth indicator into new high territory, he said, while the firm’s IPO index has made a new relative strength high. Breadth is a measure of how many stocks are participating in a move in an index or on an exchange.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

UBS says stocks have 5% to 10% further to run, but watch out for this yield levelUBS Global Wealth Management sees 5% to 10% upside for global stock markets, with emerging markets, financials, energy stocks and small caps best placed to capitalize. WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! FED not extending SLR exemption means banks would have to buy more Treasuries to increase SLR from 1% to 5%. That would initiate the biggest Bond squeeze in history! The Bond's shorts would be forced to cover and sell their stock positions triggering StockMarket crash
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Small-cap stocks are winning, and here to stay. Why these analysts say it’s bad news for the S&P 500The Dow just barely scraped a record high on Wednesday while other indexes fell, led down by the Russell 2000 — the key index of stocks with a small market...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »