Small Caps Lead With Powerful Rally; Airlines Prepared For Takeoff

Market Recap for Thursday, January 11, 2018

The small cap Russell 2000 ($RUT) led U.S. indices higher on Thursday with more across-the-board record highs being set.  The RUT gained 1.73%, more than doubling the advance on any of the other major indices.  There were plenty of reasons, but leadership from energy (XLE, +2.05%) and consumer discretionary (XLY, +1.63%) played a huge role.  The candle that printed on yesterday was the most bullish kind - the marubozu candle where prices open on the low, we see buying throughout the day, and we finish on the high.  Check out Thursday's candle on this short-term RUT chart: < p class"entry-more-link">Continue reading "Small Caps Lead With Powerful Rally; Airlines Prepared For Takeoff" »

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