
50 BPS RATE CUT FEVER GRIPS THE STOCK MARKET – SMALL CAPS ROCKET, FOREIGN MONEY FLOWING INTO CHINA
By Nigam Arora To gain an edge, this is what you need to know today. Rate Cut Fever Please click here for a chart of small cap ETF (IWM). Note the following: The chart shows a strong move up, about 3%, in small cap stocks yesterday. The chart shows in the early trade small cap stocks are moving even higher. The chart shows in spite of the large move yesterday, small caps are still in zone 2 (resistance). The chart shows small caps are still below the prior high marked by the upper band of zone 1(resistance) even though S&P 500