Indices extend to fresh 6-week highs, but some key individual names continue to lag. I am watching the small-caps (SML) at the the key 360 level to judge whether the recovery can last.
Peter Ruud is an experienced technical analyst with a diverse analytical skill set. He earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association. He has been trading the global markets for over 10 years. His analysis is often featured in Seeking Alpha, Safehaven and thestreet.com.