|The Russell 2000 printed an accumulation day today. If this index continues to shoot up without pausing it may just be a final push to the area of resistance within the current |
multi-month range while the S&P 500 puts in a climax top.
For the mutual fund account I will remain cautious and in a 100% cash position. The stronger areas of the market have been trending now for 8 weeks on declining volume and I must accept that I missed the last move for this account.