{"id":16334,"date":"2018-06-09T02:52:34","date_gmt":"2018-06-09T02:52:34","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16334"},"modified":"2018-06-09T02:52:34","modified_gmt":"2018-06-09T02:52:34","slug":"small-caps-lead-us-recovery","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/09\/small-caps-lead-us-recovery\/","title":{"rendered":"Small caps lead US recovery"},"content":{"rendered":"

Russell 2000 Small Caps Index is leading the US recovery. The iShares Russell 2000 Small Caps ETF broke through resistance at 160, signaling a primary advance with a target of 175. According to Dow Theory, small capitalization stocks typically lead the advance in stage 3 of a bull market, with large caps having exhausted their gains.<\/p>\n

\"iShares<\/p>\n

But Charles Dow did not have to contend with technology stocks which are a law unto themselves. The Nasdaq 100 broke through resistance at 7000 and is currently retracing to test the new support level. Respect is likely and would signal a primary advance with a target of 7700.<\/p>\n

\"Nasdaq<\/p>\n

The S&P 500 is further behind, headed for a test of resistance at 2800. Breakout would signal a primary advance with a target of 3000. <\/p>\n

\"S&P<\/p>\n

Bellwether transport stock Fedex is also recovering, having broken resistance at 256. A bullish sign for the broad economy. Expect a test of resistance at 274\/275.<\/p>\n

\"Fedex\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Russell 2000 Small Caps Index is leading the US recovery. The iShares Russell 2000 Small Caps ETF broke through resistance at 160, signaling a primary advance with a target of 175. According to Dow Theory, small capitalization stocks typically lead the advance in stage 3 of a bull market, with large caps having exhausted their … <\/p>\n

Continue reading “Small caps lead US recovery”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[1362,3822,2401,3010],"class_list":["post-16334","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-fedex","tag-ishares-russell-2000-small-caps-etf","tag-nasdaq-100","tag-sp-500"],"yoast_head":"\nSmall caps lead US recovery - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small caps lead US recovery - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Russell 2000 Small Caps Index is leading the US recovery. The iShares Russell 2000 Small Caps ETF broke through resistance at 160, signaling a primary advance with a target of 175. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4fs","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":16709,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/21\/tech-stocks-and-small-caps-lead-us-advance\/","url_meta":{"origin":16334,"position":0},"title":"Tech stocks and small caps lead US advance","author":"Colin Twiggs","date":"July 21, 2018","format":false,"excerpt":"The S&P 500 continues to test resistance at 2800. Declining Volatility suggests a return to business as usual. Breakout above 2800, with follow-through above 2820, would suggest a primary advance to 3000. Dow Jones Industrial Average is similarly testing resistance at 25400. Breakout would signal a fresh advance but buying\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45681,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/25\/gold-breaks-2000-as-the-dollar-weakens\/","url_meta":{"origin":16334,"position":1},"title":"Gold breaks $2000 as the Dollar weakens","author":"Colin Twiggs","date":"November 25, 2023","format":false,"excerpt":"It was a slow end to the week, with Thanksgiving on Thursday ensuring that many participants took the day off on Friday. The S&P 500 continues its narrow advance, headed for a test of 4600. Breakout would mean another attempt at the early 2022 high of 4800. But the advance\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-24-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-24-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-24-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":48368,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/13\/small-caps-surge-while-commodities-fall\/","url_meta":{"origin":16334,"position":2},"title":"Small caps surge while commodities fall","author":"Colin Twiggs","date":"February 13, 2024","format":false,"excerpt":"The S&P 500 failed to make further progress after breaking 5000. Expect retracement to test the new support level. The Russell 2000 Small Caps ETF (IWM), however, broke resistance at 200 to signal a fresh advance. Trend Index troughs above zero have warned of buying pressure since early January. The\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":31217,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/02\/26\/global-markets-rally\/","url_meta":{"origin":16334,"position":3},"title":"Global markets rally","author":"Colin Twiggs","date":"February 26, 2022","format":false,"excerpt":"Volatility is elevated and markets have, understandably, gone into risk-off mode. Bitcoin (BTC) found support at 34K, before retracing to test short-term resistance at 40K, but remains in a strong down-trend. Dow Jones Industrial Average rallied strongly to test former primary resistance at 34K. Respect would confirm the primary down-trend.\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Bitcoin (BTC)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-25-btc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-25-btc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-25-btc.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-25-btc.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":44799,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/21\/here-comes-trouble\/","url_meta":{"origin":16334,"position":4},"title":"Here comes trouble","author":"Colin Twiggs","date":"October 21, 2023","format":false,"excerpt":"The S&P 500 is trending lower, testing support at 4200. This still looks like a secondary correction. But the equal-weighted S&P 500 index ($IQX) warns of trouble ahead, having broken primary support at 5600. A Trend Index peak below zero warns of strong selling pressure. Follow-through below 5500 would confirm\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":46393,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/12\/14\/dovish-fed-dollar-falls-gold-climbs\/","url_meta":{"origin":16334,"position":5},"title":"Dovish Fed, Dollar falls, Gold climbs","author":"Colin Twiggs","date":"December 14, 2023","format":false,"excerpt":"Long-term Treasury yields plunged in response to a dovish Fed meeting which kept rates on hold, with a target range of 5.25% - 5.00%. Ten-year Treasury yields are now testing our target at 4.0%. Declining inflation and signs of labor market easing moved the FOMC to discard the additional rate\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-12-14-10y-666x451.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-12-14-10y-666x451.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-12-14-10y-666x451.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16334"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16334\/revisions"}],"predecessor-version":[{"id":16335,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16334\/revisions\/16335"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}