Saturday, April 18, 2009

Crocuses Mid-Cap Stocks {IWR}


We'll conclude our look at major American indicies by reviewing the Russell Mid-cap index.
1. Golden Cross and notice how it is right against a major level of resistance dating back to early October.
2. Trading range established last fall.
3. Index and ETF shows a very overbought state.
*Long IWR in client accounts.