RUSSELL 2000: decline on weak data from the US can be a cause for shopping

By | March 25, 2015

Futures on major US stock indexes are under pressure after data on orders for durable goods were much worse than expected. Their growth rate of -1.4% as a general index and -0.4% on his kernel (less highly volume components).

However, this report is quite noisy and by itself is unlikely to significantly alter the outlook for the US economy. Moreover, the weak data – it is an occasion for the Fed to delay the start of the cycle of rising interest rates. Index of companies with small market capitalization Russell-2000 (TF) has reached the 200-hour moving average and can provide opportunities for shopping at relatively low levels.

Russell 2000
Russell 2000

Trading analytics

Support and resistance levels
Support 1    1242,9
Support 2    1233,4
Current price: 1244.6
Resistance 1    1250,4
Resistance 2    1264,3

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.

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