The Russell 2000 is near a support level relative to the S&P 500. As Fred Imbert of CNBC reported last week in his article "Small-cap stocks are primed to outperform large caps over the next 10 years," small caps tend to outperform large caps in the 12 months after the Fed cuts rates. With two rate cuts already this year and more likely on the way, small caps...
On a monthly basis, the $IWM/$SPY ratio has not been so low since Feb. 2016
As major indices are pushing all time highs and the small caps and high beta stocks will play catch up
Seems like a great summer to accumulate some small cap names for the fall run
If this breaks to the upside that likely means the s&p is having a multi-yr breakout vs iwm . You do not want to see this. You want Iwm to gain leadership again. Just my opinion. Short-run I think it does break down before it has a major breakout to the upsid
If this breaks to the upside that likely means the s&p is having a multi-yr breakout vs iwm. You do not want to see this. You want Iwm to gain leadership again. Just my opinion. Short-run I think it does break down before it has a major breakout to the upside.
Previous significant market top that formed a mini double top and drop looks to be happening again.
Monday we should see another gap down and continued follow-through selling, or at least next week which should create a spike in the vix as shown here: www.thetechnicaltraders.com
From the beginning of 2016 small caps have overperformed large caps. Now the trend is seems to be changing? Would not be good thing for stock market breadth. Let's see if it's a fake move, but if not... Be aware.
A composite of major indices funds - DIA, SPY, QQQ, IWM - suggests Monday's close could be pivotal in the final result of this month's candlestick. Presently barely green. Individual indices all have similar patterns. Took a look back to see how similar candlesticks played out, whether green or red...
Indices are in a pivot for continuing to new ATHs this year,...