Browse Symbol Stacks: $RUT: content.screencast.com/use...RUT112613.jpg

$RUT hourly chart 

The Russell broke out to new high, backtested the breakout, and has since been steadily moving higher. No desire to be short the RUT until we break back under the 1123 breakout level. I would be buying any pullbacks that don't break under that level. 

Other areas continue to perform nicely on the short side. Namely, Brazil, copper, and precious metals, along with some individual equity names.  

The overall rising wedge pattern on the RUT remains intact, and I continue to argue that there is large bearish potential in that formation. However, for the ST, I'm more interested in being long the RUT than short it.