Chart of the Day – August 24, 2020

By: Chris Wenner in Charts 08/24/2020

The Russell 200 Index – small caps – is at a pretty interesting, short-term inflection point on its 1-yr chart.

It’s uptrend from the 3/23 lows is close to where it closed last Friday (roughly 1550-1555).  It’s downtrend from its Jan-highs is roughly 35 handles (or 2%) of where it closed last Friday (around 1585-1588).

Watch small caps this week!

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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