claydoctor
Short

IWM forming a rounded top?

AMEX:IWM   ISHARES RUSSELL 2000 ETF
78 1 1
Large cap defense move rotation from high growth small cap ( IWM             ) may have played itself out, with SPY             loosing momentum. The pros keep thinking the IWM             exodus from overvalued growth, no sales stocks is over, no way. Greed still has plenty of money flow into these high growth with no fundamental, pure speculation, new IPO , BECAUSE WHERE ELSE YOU GONNA GET YIELD? Pros waiting for IWM             to catch up to SPY             to confirm secular bull market and its off to yet again new highs. Really? Do players make the markets? Does the Fed control everything perfectly? Currency strengths are the tell all. But this chart is very clear to me. Its amazing to me that wars and rumors of wars are not really effecting the markets that much. Why, because pros are so desperate for yield, so laser focused, finger ready at the click button, they will chase             it daily, and do, until the music stops. Put ear plugs in your ears, and what does the data here say? To me, IMHO, we are going to the red circle, and the real question is where do we go from there. Careful trading all. :)
Watch the 50 day MA and the 200. If we actually do get a bear cross, well, this market breaks trend at least. We came close last time, will we actually break this time, could shake the markets, or the markets could get shaken before that happens, and the cross will be obvious and inevitable.
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