9 Minute Read

Tackle Today: Small Caps Break Out

March 29, 2022

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«I keep finding reasons to be bullish.»

Traders, Coach Tyler here.

The bullish evidence is mounting, and now we have one more development to add to the growing list. Small caps just blasted through significant resistance. Sure, the S&P 500 was already there. So too was the Nasdaq. And, yes, we saw emerging markets bottom when China screamed 24% higher in a day. Europe joined the party with a big bounce of its own. The VIX got crushed back to teenage levels. Oh, and bitcoin bottomed. What more could you want?

Small caps, dear reader, small caps. We wanted them back into an uptrend. We wanted the Russell 2000 Index to vanquish its bearish overlords camped at $2,100 and return to bullish territory. Well, ask and ye shall receive. This morning, RUT is up 2% and boasts a convincing marubozu candle worthy of your birthday cake. Do you want to be a bear in the face of all that?

Video of the Day: Webinar Replay › Iron Condor for Beginners

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Chart of the Day: Small Caps Rise

Chart of the Day: Small Caps Rise

Why, hello, Mister Russell. Welcome to the party! We’ve been watching for RUT to break back above the $2,100 zone. If this sticks, it’s one more nail in the bear’s coffin.

Today’s line up

Tales of a Technician: 8 Takeaways from Monday’s Pop

I surveyed the stock market today and here’s what I found.

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Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

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