The other index to have performed well is the semiconductor index. Today's close marked a breakout similar to that of the Russell 2000, although given the more modest climb it's more likely to continue its advance. (more)
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Tuesday, October 15, 2013
Daily Market Commentary: Russell 2000 Breakout
On the third day. bulls were finally able to take out the Russell 2000's
'bull trap' created by September's breakout. Technicals improved
without taking out the MACD trigger 'sell'. Those smart enough to have
bought the test of channel support will have done well. Next target is
channel resistance.
The other index to have performed well is the semiconductor index. Today's close marked a breakout similar to that of the Russell 2000, although given the more modest climb it's more likely to continue its advance. (more)
Please share this article
The other index to have performed well is the semiconductor index. Today's close marked a breakout similar to that of the Russell 2000, although given the more modest climb it's more likely to continue its advance. (more)
Please share this article
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