Don't Ignore This Chart!

Russell 2000 Challenges April High and Leads the Market

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The Russell 2000 ($RUT) and small-caps are leading the market higher. The index is the first of the major indices to break above its November high. With today's move above 740, the index is also challenging its April high. Notice that CCI turned positive with the 18-Nov gap and momentum remains bullish.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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