The stock market is trying to recover from its March ‘swoon’.
And one important index is leading the way: The Russell 2000.
It’s ETF (IWM) gapped higher today, breaking out above its 50-day moving average.
This is an excellent sign for the broader market, as the small cap stock index is also a barometer of risk taking. While we aren’t out of the woods, this should help to keep the bears away.
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$IWM Russell 2000 ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
