Friday's market rally likely brought a sense of relief to many investors.
 | FRI, OCT 01, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | MRK | 81.40 | +6.29 | +8.37% | | AAPL | 142.65 | +1.15 | +0.81% | | MSFT | 289.10 | +7.18 | +2.55% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | MRK | 81.40 | +6.29 | +8.37% | | AAPL | 142.65 | +1.15 | +0.81% | | F | 14.16 | UNCH | UNCH | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 142.65 | +1.15 | +0.81% | | AMD | 102.45 | -0.45 | -0.44% | | MRNA | 341.09 | -43.77 | -11.37% | |
| |
Friday's market rally likely brought a sense of relief to many investors, and it also served as a nice win for the Russell 2000. After the small-cap index underperformed the three major averages during the third quarter, it outperformed them over the past week. It saw the biggest gain on Friday, rising nearly 1.7%. The index was down close to 0.3% for the week. "The symbol for the Russell 2000 Index is 'RUT,' and that pretty much says it all. The index has gone more than 135 days without setting a 52-week high, yet it was down less than 10% at its worst point," Frank Gretz, a technical analyst at Wellington Shields, said in a note to clients.  Now, seasonality and stock market history suggests the Russell 2000 could be about to take a leg higher. "The September-October period is a weak one for small caps, as it is for most stocks, but that changes in Q4. Over the last 30 years, when the RUT ... has gone this long without a 52-week high and without a 10% correction, it has broken out to the upside every time, according to SentimenTrader.com," Gretz said. |
Tidak ada komentar:
Posting Komentar