Tuesday, August 24, 2010

Small Caps Test July Lows


Stocks opened lower today and stayed in negative terrirtory as sellers dominated the price action. The small caps (above chart) which is the weakest of the major indices is now testing the lows from July. Volume was good across the board which helps confirm that the bears are in control of the stock market for now.








1 comment:

Trading Stock Market said...

Yes, the Russell 2000 is close to the support level drawn on your chart. Yet the DJI and S&P in indexes are still far above. Most likely bears will be in control until DJI and SP move close to their support levels.

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