Below is a percentage comparison chart of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices, and the Financials ETF (XLF). I've started it from the October 2011 lows.

As you can see, the Russell 2000 Index has been leading the advance from that point on a percentage-gained basis until the second-place XLF shot above it on March 13th.

The Russell 2000 has been, effectively, in a basing mode since February, but has been moving up from its low of last week and is now near the highs of this year. It had begun pulling further and further ahead of the other Major Indices from mid-December, and they have closed the gap to the point now where they have all been moving up "in tandem" from last week's lows.

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Further to my post of February 15th, data released Wednesday night shows that Foreign Direct Investment in China pushed deeper into negative territory, as shown on the graph below.

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Some facts on Moscow according to Wikipedia:

• Moscow ( /ˈmɒskaʊ/ or /ˈmɒskoʊ/; Russian: Москва́, tr. Moskva; IPA: [mɐˈskva] ( listen)) is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation center of Russia and the continent. Moscow is the northernmost megacity on Earth (but not the coldest), the most populous city in Europe, and the fifth largest city proper in the world. Its population, according to the results of the 2010 Census, is 11,503,501.^[8] Based on Forbes 2011, Moscow had 79 billionaires, displacing New York City as the city with the greatest number of billionaires.^[13]
• In January 1905, the institution of the City Governor, or Mayor, was officially introduced in Moscow, and Alexander Adrianov became Moscow’s first official mayor. Following the Russian Revolution of 1917, on 12 March 1918^[21] Moscow became the capital of the Russian Soviet Federative Socialist Republic and of the Soviet Union less than five years later.^[22] During World War II (the period from June 22, 1941, to May 9, 1945 known in Russia as the Great Patriotic War), after the German invasion of the USSR, the Soviet State Defense Committee and the General Staff of the Red Army was located in Moscow.

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Further to my last weekly market update, here is a summary of where money flow ended for Week 2 of March, 2012.

The Weekly charts below of YM, ES, NQ & TF show that the YM, ES & NQ all made a lower close than the prior week (with the NQ closing on slightly higher weekly volumes). The TF made a higher weekly close at a former resistance level. The NQ remains above its upper channel after this past week's retest. Price on the YM, ES & TF remain inside the uptrending Weekly channel…although the TF did pierce below the bottom of the channel briefly during the week.

At the moment, this uptrending channel is holding as support and direction for the Weekly timeframe. Secondary support levels lie at the middle Bollinger Band (12336 for YM, 1285 for ES, 2404 for NQ, and 765 for TF).

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