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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (15481)5/24/1999 8:38:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Good evening DD. Profit taking finally hit the small caps today, mostly due to the inverse effect that fear of rising interest rates has on finacial stocks.

The Russell 2000 was down almost 2% today. Note that R2K is dominated by financial stocks. Financial stocks overall, were down almost 5%.

These days, two days in the same direction is a trend :-) Let's see if we have a change in the market or just a buying opportunity.

AS
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