The Mid Caps of the Russell 2000 hit another new high, leaving the better recognised blue chips and techs struggling yet again. Does this mean anything? My comments and charts at http://eagletrader.blogspot.com/2006/01/even-more-gross-divergences.html
What does it mean? What does it really mean? I'll tell ya. Healthy bull markets tend to be led by "The Generals"; i.e. General Motors, General Electric, General Dynamics, General Tire.......larger-cap stocks, not the "soldiers"; i.e. the mid-caps, small-caps, micro-caps nor the nano-caps. These types are trends are deemed to be "sucker" rallies. We'll see what happens.
Looks like the lagging indices successfully retested their lows, leaving the RUT to try for another go with a GAP UP.. http://charts.dacharts.com/2006-01-26/ET19.png