Wednesday, August 20, 2014

Russell 2000 Still Trying

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The Russell 2000 is attempting to reclaim its 10-week moving average albeit on below average volume.  Currently the shorter term daily chart is at overbought levels.  Some sideways price action over the next few days would be a constructive and welcome change from the straight up/straight down slop 'n chop that has characterized most of this year's market.