The Traderszone Network

Published in TZ Latest News 16 September, 2014 by The TZ Newswire Staff

Smallcaps rise modestly; technical ‘Death Cross’ looms

Smallcaps stocks reversed early losses to edge higher on Tuesday, though the Russell 2000 index (.TOY)(.RUT) hovered near a technical milestone that could signal further declines. The broad smallcap index had earlier been on track for its first three-day losing skid since late July, but erased those losses following a Wall Street Journal report that indicated the Federal Reserve may be less hawkish than had been anticipated. On Monday, the index broke below both the 50-day and 200-day moving averages, which are technical support levels.

read more