Believe it or not, the Russell 2000 Index has shown leadership over the past week. Even today, the iShares Russell 2000 ETF (IWM) is trading higher by more than 6.0% on the session. Trader should remember that the Russell 2000 Index represents small capitalization companies in the United States. When that index shows leadership it is very big positive for the markets and the country. It should be noted that the Russell 2000 Index was the weakest index during the recent February and March stock market crash. It declined the the most and the fastest. The recent rally in the IWM is certainly a change in character for the small cap stocks and the stock market.