Thursday, June 5, 2014

Russell 2000 Accumulation Day

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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.