General Market Update:

Russell 2000 Index – The small cap index is trading at the high of its base. This is in contrast to the Nasdaq 100, where the large caps are trading below their 50-day moving average and the upward sloping trendline. This could lead to some small cap breakouts in the works, like: FEYE – FireEye is a cyber security small cap stock that we featured today.

Here’s the chart:

Russell 2000 - Small Caps - Daily Chart