Markets Little Changed, Russell Gives Back Little Ground
Declan Fallon | Aug 27, 2014 05:34PM ET
Yesterday offered a spark of life from the Russell 2000, today offered little. The Russell 2000 gave back a little of the ground it made yesterday, but not enough to negate the gain.
The semiconductor index has so far resisted follow through on the bearish engulfing pattern. There is a potential bullish set up, and tomorrow could be the day the rally resumes. Technicals are in good shape, and not yet overbought.
For tomorrow, bulls can look to the semiconductor index, with swing trade/option spread opportunities in the NASDAQ and S&P.
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