"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, November 6, 2009

RUT roh

The small cap Russell 2000 ($RUT) is not bullish. Nuh uh. Here's the chart, updating along since originally shown. It recovered back into the wedge and then pooped out of it again. MACD bearish divergence and below zero. No, me no like.

A good weekend to you. I have got a newsletter to write, soccer to coach, wood to chainsaw, football to watch and a Les Paul to crank.

Another week ends with things making just a bit more sense in the markets.