http://www.smallcapinvestor.com/ http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/02/02/2008/russell_2000_upside_grinding_needed_to_declare_bottom Small-cap stocks have now put together impressive back-to-back weekly rallies off the rate-cut low from Jan. 22. Although price action has been solid since that recent low, the market still has upside grinding to attend to before we can declare that a bottom is in place. Kevin Pendley 2008-02-02 06:27 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/12/22/2007/russell_2000_heroic_rally_but_still_more_to_prove Small-cap stocks staged a heroic recovery rally last week off a test of critical support below the 740 zone, but the index still faces important upside challenges calculated from the October top. Kevin Pendley 2007-12-22 06:12 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/10/26/2007/russell_2000_stage_set_for_key_chart_formations The final shape of the chart by Friday afternoon could be crucial to setting the stage for market action for weeks to come. Kevin Pendley 2007-10-26 09:51 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/09/08/2007/russell_2000_still_waiting_for_a_breakout Despite the promise of a volatile end to the week, small-cap stocks remained locked in a congestion zone that has been in place for six weeks as the market tries to find its way following the abrupt slide off record highs earlier this summer. Kevin Pendley 2007-09-08 01:50 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/09/02/2007/russell_2000_breakout_in_the_offing With a number of potentially market-moving reports on tap this week, a breakout from the current consolidation in the Russell 2000 could easily take place. Kevin Pendley 2007-09-02 10:37 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/08/25/2007/russell_2000_more_consolidation Last week was relatively calm, and it would be no surprise to see the Russell 2000 settle into a trading range pattern for a few weeks to consolidate and digest recent price swings. Kevin Pendley 2007-08-25 08:55 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/08/19/2007/russell_2000_a_bottom_in_the_works The explosive volatility reflected in last weeks price action carries some hope for a potential bottom for the move. Kevin Pendley 2007-08-19 07:16 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/08/11/2007/russell_2000_begging_for_upside_confirmation Athough last week's reversal pattern was a solid step in the right direction, the market will need to generate upside confirmation to suggest that this was a meaningful bottom. Kevin Pendley 2007-08-11 12:45 PM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/08/05/2007/russell_2000_freefall_to_key_support_zone_but_no_reversal_signal_yet Until we see a reversal formation, or a support foundation, then the path of least resistance remains toward lower prices. Kevin Pendley 2007-08-05 11:29 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/07/29/2007/russell_2000_collapse_reminiscent_of_july_2006_slide Last week's pullback resembles the prolonged correction in July 2006. Last summers swoon eventually leveled out at a 14.7% decline from high to low, and it took the market nearly four months to climb back to the July highs. A 15% decline for this move would put a bottom near 728. Kevin Pendley 2007-07-29 09:29 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/07/21/2007/russell_2000_the_dreaded_double_top Don't say we didnt warn you. To quote from last weeks column: Looking ahead to next week, the big issue right now is to make sure that the Russell 2000 does NOT set up a double top on the recent highs. As it turned out, that is EXACTLY what took place this past week Kevin Pendley 2007-07-21 10:19 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/07/14/2007/russell_2000_be_bullish_but_be_watchful How do we approach the market given current chart action? With bullish caution, thats how! Kevin Pendley 2007-07-14 12:49 PM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/07/07/2007/russell_2000_trendline_resistance_snapped_highs_back_in_sight Last weeks action eased jitters about some modest topping patterns that had popped up on the charts, and any move to new record highs this week would put those issues in the rearview mirror. Kevin Pendley 2007-07-07 02:54 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/06/30/2007/russell_2000_setting_the_stage After last week's turbulence, price action this holiday-shortened week could be pivotal. Chart patterns are at a stage where a definitive move seems likely. Kevin Pendley 2007-06-30 03:55 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/06/23/2007/russell_2000_topping_patterns_still_brewing The Russell 2000 Index stumbled last week, forming a bearish reversal pattern on daily candlestick charts off the highs, providing further short-term validation of the powerful double top on weekly charts that was carved out in early June. Kevin Pendley 2007-06-23 06:09 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/06/16/2007/russell_2000_bulls_dominate_late_in_the_week Small-cap stocks as seen via the Russell 2000 Index had a rough-and-tumble week, but the bulls came out on top following a big recovery Wednesday through Friday, taking some of the sting out of the previous week's bearish pattern. Kevin Pendley 2007-06-16 11:20 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/06/10/2007/russell_2000_time_to_start_paying_attention The Russell 2000 index generated a powerful double top on weekly charts last week, which marks the most significant bearish pattern put into play since similar double-top formations were etched in February 2007 and April 2006. Kevin Pendley 2007-06-10 12:04 PM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/06/02/2007/russell_2000_bulls_rule The bulls delivered a body blow last week to short sellers in small cap stocks. Even though this bull run is long in the tooth, this message bears repeating: the long-term trend in small caps still points higher. Kevin Pendley 2007-06-02 06:25 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/05/27/2007/russell_2000_new_highs_but_with_a_twist From a long-term perspective, the bull market in small caps is alive and well, but the sharp reversal last week formed some mild topping signals to watch in the short run. Kevin Pendley 2007-05-27 08:45 AM http://www.smallcapinvestor.com/articles/investing_strategies/technical_analysis/05/19/2007/russell_2000_snubbed_at_last_weeks_party Are we seeing a shift in investor psychology toward large cap issues? The 4-year-plus bull run in stocks has been paced by small caps. Turning over leadership to another index is troubling if for no other reason than it breaks a cycle that has been very friendly to the bullish side of things. Kevin Pendley 2007-05-19 03:42 AM