Tale of Two Charts: S&P500 and Russell 2000
Posted By Global Macro Monitor On August 6, 2012 @ 6:17 am In Think Tank | Comments Disabled
Interesting divergence between the S&P500 and Russell 2000 in the month of July. The S&P is in a classic short-term uptrend, making higher highs and higher lows since bottoming in early June. The Russell, however, after making a short-term high in July broke its uptrend line and has been making lower highs.
What does it mean? Who knows for certain and could be just noise as the sell-off in the Russell is less than 4 percent. It does show, however, big cap is in vogue and the economically sensitive small caps not faring as well this summer. Keep it on your radar.
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(click here [3] if charts are not observable)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/08/tale-of-two-charts-sp500-and-russell-2000/
URLs in this post:
[1] Image: http://macromon.wordpress.com/2012/08/05/tale-of-two-charts-sp500-and-russell-2000/aug4_sp500/
[2] Image: http://macromon.wordpress.com/2012/08/05/tale-of-two-charts-sp500-and-russell-2000/aug4_russell/
[3] here: http://macromon.wordpress.com/2012/08/05/tale-of-two-charts-sp500-and-russell-2000/
Click here to print.