The RUT was very sideways for most of the year, and when it finally broke out of its range I think a lot of people thought it was going to start looking for like the SPX and start consistently grinding upwards. I however was not convinced this was going to happen. The RUT missed out on all the rallies, and I saw no evidence that there was some catalyst that would suddenly have it joining in on one.
When it made its way out of that long 8 month range, it made BIG moves, we are talking 40 – 50 point days. But it was all very short lived. It looks like the old Russell 2000 is right back to range-bound.
I for one am very excited about this and it is the perfect opportunity to start doing more of my 9 Day Iron Butterflies on the RUT. Here is to a profitable end of the year!
