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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Trump New Car Tariffs Could Not Only Sky Rocket Car Prices But Clobber Small Cap Index
Posted by:
Crazy Orange Umpa President
()
Date: November 13, 2018 02:19PM
A closely followed gauge of small-capitalization stocks is a hair’s breadth from realizing a bearish pattern.
On Tuesday, the small-cap Russell 2000 index RUT, +0.32% was less than a point of seeing its short-term 50-day moving average fall beneath its long-term 200-day moving average, a formation in an asset that many chart watchers believe marks the point that a short-term decline morphs into a longer-term downtrend (see chart attached).
According to FactSet data, as of Monday’s close, the Russell’s 50-day moving average is at 1,615.69, while the 200-day stands at 1,615.48, as of Nov. 9. Last Friday, MarketWatch reported that the death cross could play out as earlier as this week, given a steady decline in the index. Monday’s sharp, broad-market selloff certainly contributed to the downtrend.
On Tuesday, the small-cap Russell 2000 index RUT, +0.32% was less than a point of seeing its short-term 50-day moving average fall beneath its long-term 200-day moving average, a formation in an asset that many chart watchers believe marks the point that a short-term decline morphs into a longer-term downtrend (see chart attached).
According to FactSet data, as of Monday’s close, the Russell’s 50-day moving average is at 1,615.69, while the 200-day stands at 1,615.48, as of Nov. 9. Last Friday, MarketWatch reported that the death cross could play out as earlier as this week, given a steady decline in the index. Monday’s sharp, broad-market selloff certainly contributed to the downtrend.
Re: Trump New Car Tariffs Could Not Only Sky Rocket Car Prices But Clobber Small Cap Index
Posted by:
Gerryarchiverer2
()
Date: November 13, 2018 03:00PM
Crazy Orange Umpa President Wrote:
-------------------------------------------------------
> A closely followed gauge of small-capitalization
> stocks is a hair’s breadth from realizing a
> bearish pattern.
>
> On Tuesday, the small-cap Russell 2000 index RUT,
> +0.32% was less than a point of seeing its
> short-term 50-day moving average fall beneath its
> long-term 200-day moving average, a formation in
> an asset that many chart watchers believe marks
> the point that a short-term decline morphs into a
> longer-term downtrend (see chart attached).
>
> According to FactSet data, as of Monday’s close,
> the Russell’s 50-day moving average is at
> 1,615.69, while the 200-day stands at 1,615.48, as
> of Nov. 9. Last Friday, MarketWatch reported that
> the death cross could play out as earlier as this
> week, given a steady decline in the index.
> Monday’s sharp, broad-market selloff certainly
> contributed to the downtrend.
Archived.
-------------------------------------------------------
> A closely followed gauge of small-capitalization
> stocks is a hair’s breadth from realizing a
> bearish pattern.
>
> On Tuesday, the small-cap Russell 2000 index RUT,
> +0.32% was less than a point of seeing its
> short-term 50-day moving average fall beneath its
> long-term 200-day moving average, a formation in
> an asset that many chart watchers believe marks
> the point that a short-term decline morphs into a
> longer-term downtrend (see chart attached).
>
> According to FactSet data, as of Monday’s close,
> the Russell’s 50-day moving average is at
> 1,615.69, while the 200-day stands at 1,615.48, as
> of Nov. 9. Last Friday, MarketWatch reported that
> the death cross could play out as earlier as this
> week, given a steady decline in the index.
> Monday’s sharp, broad-market selloff certainly
> contributed to the downtrend.
Archived.