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Lawrence G. McMillan

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Nov. 4, 2021, 10:57 a.m. EDT

Russell 2000’s breakout is significant for stock-market bulls

By Lawrence G. McMillan

The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.94% continues to make new closing and intraday highs nearly every day — it has made a new intraday and/or closing all-time high on nine of the last 10 trading days.

It has been joined in these endeavors by the NASDAQ-100 /zigman2/quotes/210598364/realtime NDX +1.17% /zigman2/quotes/208575548/composite QQQ +1.22% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.80% /zigman2/quotes/208954582/composite DIA +0.83% .

In addition, a new index has joined in – the Russell 2000 /zigman2/quotes/210598147/delayed RUT +1.47% /zigman2/quotes/209961116/composite IWM +1.33% . It is supposed to be more representative of the “average” stock, and it has been trading sideways nearly all year after last making a new all-time high in mid-March 2021. Thus, its new upside breakout is significant.

/zigman2/quotes/210599714/realtime
US : S&P US
4,575.46
+42.70 +0.94%
Volume: 1.20B
Jan. 20, 2022 1:13p
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/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
15,223.99
+176.14 +1.17%
Volume: 442,137
Jan. 20, 2022 1:13p
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/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 370.95
+4.47 +1.22%
Volume: 37.09M
Jan. 20, 2022 1:13p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,309.35
+280.70 +0.80%
Volume: 166.61M
Jan. 20, 2022 1:13p
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/zigman2/quotes/208954582/composite
US : U.S.: NYSE Arca
$ 353.26
+2.91 +0.83%
Volume: 3.53M
Jan. 20, 2022 1:13p
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/zigman2/quotes/210598147/delayed
US : US Composite
2,093.01
+30.22 +1.47%
Volume: 701,307
Jan. 20, 2022 12:58p
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/zigman2/quotes/209961116/composite
US : U.S.: NYSE Arca
$ 207.17
+2.72 +1.33%
Volume: 21.04M
Jan. 20, 2022 1:13p
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