Well that did not last very long. Last night I posted that the RUT2K 40 DMA % Index had crossed below its 20 day moving average. It take two days to confirm the signal and today it was pushed right back up with the bullish action of the markets. To read more about the 40 DMA % Index read last nights post.
I will repost again when we get another crossing but based on today’s action I am not sure when that will be. There needs to be some overnight weakness here or selling on the open tomorrow. You have to love these markets because anything is possible including a 500 point DOW day in either direction!
