Small-cap stock breakout? Maybe, but don't expect to make 'easy money,' says chart watcher - MarketWatch

Small-cap stocks appear to have staged a long-sought breakout to the upside, with the Russell 2000 on Tuesday joining major benchmarks in record territory for the first time since March. But one chart watcher worries the move may be attracting too much attention.

“Ignoring everything else, the small-caps hitting new all-time highs is a good thing…The problem, though, is that too many other eyes may also be on this chart and the breakout,” wrote technical analyst Andrew Adams in a Wednesday note for Saut Strategy.

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November 04, 2021 at 01:25AM
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Small-cap stock breakout? Maybe, but don't expect to make 'easy money,' says chart watcher - MarketWatch
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