Update on RUT: Nov 30, 2021

RUT’s chart reminds me of the old country and western song: “How Can I Miss You When You Won’t Go Away?”

The Russell 2000 is down over 10% today, so it’s technically in a correction.  Some of its individual components have really taken it on the chin. And, it’s fallen below its 200-DMA, which is typically bearish.  Seems like a sure fire shorting opportunity, right?

Not so fast. RUT has fallen over 10% three previous times over the past 21 months, recovering each time to or near its former highs. The most recent peak represented new all-time highs.

How long can this go on? And, what does an Italian mathematician have to do with it?

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password