FYI: After an amazing run throughout all of 2013, the Russell 2,000 (smallcaps) has been in a sideways consolidation phase over the last 12 months. Even as largecaps have rallied 10%+ in 2014, the Russell 2,000 has been going back and forth around the flat-line all year. Well, the rally over the last few weeks has culminated with a breakout to new highs today, pushing the Russell 2,000 ETF (IWM) above its double-top highs seen earlier this year. Shorts have been beating on smallcaps all year, but it looks like the bulls might win out in the end. This is definitely a very positive formation if the breakout can hold over the next few trading days.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/26/russell-2000-smallcaps-finally-breaks-out.html?printerFriendly=true
