Tuesday, January 15, 2013
Small Caps Look Like Traders’ Strongest Bet
Russell 2000 broke to new highs and, therefore, has no resistance standing in its way
New York, Jan.15, swing trading .- Despite the impact of a sell-off in technology giant Apple(NASDAQ:AAPL), other technology stocks had significant gains.Hewlett-Packard (NYSE:HPQ) rose 4.9% on rumors of going private, Cisco Systems (NASDAQ:CSCO) gained 2.4%, andDell (NASDAQ:DELL) jumped 13% on rumors of a buyout.
Conclusion: Volume has declined sharply as investors await the important Q4 earnings results. So far, they have been favorable, especially in the technology and small-cap sectors. Traders should therefore focus on small caps for trades, and investors should review their buy lists for possible upcoming bargains if the large caps become subject to profit-taking. ...