Russell 2000 is testing key support at its 200-day MA
Russell 2000 is testing key support at its 200-day MA
A late-week rally was not enough to pull the DJIA and S&P 500 from the negative column as crude oil and Treasury yields remain at elevated levels. Instead, investors bid up mega-cap technology stocks, pushing the NASDAQ 100 (NDX) to fresh highs to end the week.
The technical condition of the market remains mixed as the period came to a close. Despite record highs from the NASDAQ and NDX 100, underlying breadth remains extremely weak. Fresh record highs in the tech heavy indexes were accompanied by more new 52-lows than new highs, a divergence that has occurred only twice before in market history...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 27538.69 | -61.1 | -0.22% | 18.49% |
| DJ UTILITIES | 1049.64 | 2.45 | 0.23% | -1.73% |
| DJ TRANSPORT | 19529.3 | -172.46 | -0.88% | 12.51% |
| DJ INDUSTRIALS | 51179.87 | -341.41 | -0.66% | 6.48% |
| NYSE COMPOSITE | 23701.92 | -219.75 | -0.92% | 7.72% |
| S & P 100 INDEX | 3902.06 | 1.85 | 0.05% | 13.69% |
| RUSSELL 2000 | 2793.2 | -37.1 | -1.31% | 12.54% |
| S&P 500 | 7801.77 | -17.16 | -0.22% | 13.97% |
| CBOE MKT VOLATILITY | 15.08 | 0.07 | 0.47% | 0.87% |
| AMEX COMPOSITE | 7961.46 | -204.62 | -2.51% | 15.94% |
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