Tuesday, September 4, 2012

The Russell 2000 $RUT could move to 847.10 in a game of catch up

By Hedge Ly | 9/04/2012 04:52:00 PM |

1 hour 10 year future
A game of catch up to the large cap indexes which have already made new 2012 high.. The RUT is 25 points or so under the 847.92 2012 high..

 ..That being said...in reference to relative strength in the RUT today..... (IWM = ETF, RUT = Cash, TF = Future)

Did profits from the last two week straight up run in bond prices go to work in the RUT today?  Perhaps....

the general theory is speculative profits usually are used speculate first in smaller cap speculative companies... OR a massive short position was covered in the RUT today.. either case tomorrow will be interesting in regards to where the RUT will open up and or end up ... 820 now support 825 resistance.
Daily RUT
Weekly RUT



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