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Russell 2000: Bullish hammer vs bearish outside formation

A fascinating battle will play out Monday morning between the heroic comeback forged on daily charts by Friday’s valiant recovery versus the dominant bearish chart patterns in play on weekly...

NYSE: IWM | Sep 05, 2008

Lazy August rally now faces September test

Even though August was a kind month to small-cap stocks, the chart structure is still dominated by bearish patterns.

NYSE: IWM | Aug 30, 2008

Russell 2000: Double top dominates immediate picture

Even though the market had a "feel good" finish to the week via Friday’s 1.7% bounce, the Russell 2000 still faltered 2% for the week, doing little to negate a budding double top formation.

NYSE: IWM | Aug 22, 2008

Small caps at 2008 weekly highs, but daily charts show bearish reversal

We have good news, and we have bad news...

NYSE: IWM | Aug 16, 2008

Bullish pattern, upside breakout on daily charts

This was a big week for small-cap stocks as the market finally broke free of an extended consolidation range.

NYSE: IWM | Aug 09, 2008

Russell 2000: Summer doldrums, or market indecision?

For the week, the Russell 2000 (NYSE:IWM) gained 0.8% and action was confined within the previous week’s ranges, which seems quite odd for a week that was littered with economic data minefields...

NYSE: IWM | Aug 02, 2008

Russell 2000: Still bullish, but at key test into big data week

Small-cap stocks have been in recovery mode for the last three weeks after bouncing off a familiar value zone that corresponded with the market bottoms in both January and March.

NYSE: IWM | Jul 26, 2008

Russell 2000: Bullish reversal after 2.6% gain

Small-cap stocks rose more than 2.6% last week, forging an impressive "outside" bullish reversal on weekly charts.

NYSE: IWM | Jul 19, 2008

Russell 2000: Good news, bad news on charts

There is good news and bad news on the chart picture after this past week’s action. For now, the good news is slightly better than the bad news.

NYSE: IWM | Jul 12, 2008

Russell 2000: Two straight weekly wipeouts

The velocity of declines endured the last two weeks in the Russell 2000 represents some of the most ferocious consecutive wipeouts you’ll find on any long-term chart.

NYSE: IWM | Jul 04, 2008

Russell 2000: Fourth straight close below opening levels

How unusual would it be to see another close below opening levels this week? Well, it hasn’t happened five straight times on a weekly basis in more than three years.

NYSE: IWM | Jun 28, 2008

Russell 2000: Third weekly close below opening

Small-cap stocks remained on the defensive, generating a third consecutive weekly close below the opening, something that has not happened since the bottom was carved out back in March.

NYSE: IWM | Jun 21, 2008

Bearish patterns still dominate chart structure

Small-cap stocks retain a top-heavy structure on weekly chart studies despite a nice recovery rally off a double bottom low on daily charts Friday.

Jun 14, 2008

Friday collapse takes Russell below key 750 line

The Russell 2000 (NYSE:IWM) collapsed Friday, retreating back below our key line at 750 to form bearish topping patterns on daily and weekly charts.

NYSE: IWM | Jun 07, 2008

Russell 2000: First critical juncture of recovery rally at hand

Small-cap stocks have been on a nice upside stroll since the March lows. However, the easy part of the process is over, and the market now faces the first stern test of the bottoming argument.

NYSE: IWM | May 31, 2008