| 2016-11-25 11:42:16|
IWM, RUT 11:42 11/25 11/25/16
On The Fly: Weekly technical notes for Russell 2000 Index
The Russell 2000 (RUT) continued to mark fresh lifetime highs as the rally in domestic small and mid-cap names continues. The sectors that have done best for the last five sessions are Energy, Consumer Cyclical, Basic Materials, Telecommunications Services, the Industrials, and the Financials which were all gainers by 3% or more. With the index last at 1343.81, a move up to the 1350 area or higher would appear a likely next objective. Support is at the 1340 area.