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Article: FirstAlert(tm) Daily 11/11: Stock Market Rally Becoming More Selective.
- Article from:
- Investrend
- Article date:
- November 11, 2009
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Nov 11, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/11/firstalerttm-daily-1111-stock-market-rally-becoming-more-selective/)
- Technical Analysis -
November 11, 2009 (FinancialWire) (By Dr. Joe Duarte) -- The Russell 2000 ETF (NYSE: IWM) has been lagging the S&P 500 SPDR ETF for the last several weeks, which means that the small stocks, where the growth potential usually is in the stock market, is getting a vote of low confidence currently.
There are multiple ways of looking at this. The conventional way is that this may be a technical divergence, where the lagging action in the small stocks ...