The stock market continues to hold up quite well, but it’s interesting that the S&P 500 and NDX 100 have not done much in the past month. Is this a sign that the rally is stalling out…or just taking a “breather”? We could get some answers after today’s CPI number comes out.
The Russell 2000 small-cap stock index has broken the key resistance levels we highlighted in our recent weekend piece, but only slightly so. If (repeat, IF) they can break those levels in a more meaningful way, it’s going to be very bullish for the small-cap arena of the U.S. stock market.
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