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Daily Report : The Russell 2000 makes it 200 days above average

Jason Goepfert
2024-09-23
The small-cap Russell 2000 has levitated above its 200-day moving average for 200 sessions for the 16th time in its history. It is less prone to trend-following behavior, with subpar returns in the months following such protracted stays above its long-term average.
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The Russell 2000 makes it 200 days above average: The small-cap Russell 2000 has levitated above its 200-day moving average for 200 sessions for the 16th time in its history. It is less prone to trend-following behavior, with subpar returns in the months following such protracted stays above its long-term average.

Smart / Dumb Money Confidence

Smart Money Confidence: 55% Dumb Money Confidence: 71%

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Research

The Russell 2000 makes it 200 days above average

By Jason Goepfert

BOTTOM LINE
The small-cap Russell 2000 has levitated above its 200-day moving average for 200 sessions for the 16th time in its history. It is less prone to trend-following behavior, with subpar returns in the months following such protracted stays above its long-term average.

FORECAST / TIMEFRAME
None

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Indicators at Extremes

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% Showing Pessimism: 12%
Bullish for Stocks
Inverse ETF Volume
Insider Buy/Sell Seasonally Adj
Rydex Bearish Flow
OEX Put/Call Ratio
OEX Open Interest Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 35%
Bearish for Stocks
ISE Call/Put Ratio
Short-term Optimism Index (Optix)
NYSE High/Low Ratio
ISE Equity Call/Put Ratio
S&P 500 Down Pressure
Dumb Money Confidence
Intermediate Term Optimism Index (Optix)
VIX Term Structure
% Showing Excess Optimism
Options Speculation Index
Rydex Ratio
Rydex Money Market %
SKEW Index
NAAIM Exposure Index
AAII Bull Ratio
Retail Money Market Ratio
AAII Allocation - Stocks
NYSE Available Cash
Equity / Money Market Asset Ratio
Mutual Fund Cash Level

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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