well by your logic, months or all year under performing relative
to the other indexes, does one day really matter? I know that it
outperformed on many other days as well this year. What matters is
the trend.
you can monitor that by looking at the IWM/SPY ratio - it's been
down trending since Feb as you can see fromt he chart. It's had
plenty of days even a couple 1 - 2 weeks when it's outperformed but
overall the trend is down. Now one could monitor for at rendline
break. for now it's bounced off a lower trendline with some
divergence in place. But otherwise way too early to say if that's a
major bottom for it yet
otherwise for now watch the 50 day MA on IWM, closing above that
on a good closing candle would be short term positive
for months the Russell 2000
Posted by erikvik on 9th of Sep 2019 at 02:43 pm
for months the Russell 2000 has underperformed the SPX. Today IWM is up 1% on a day where SPX is down 0.12% - any thoughts?
well by your logic, months
Posted by matt on 9th of Sep 2019 at 03:21 pm
well by your logic, months or all year under performing relative to the other indexes, does one day really matter? I know that it outperformed on many other days as well this year. What matters is the trend.
you can monitor that by looking at the IWM/SPY ratio - it's been down trending since Feb as you can see fromt he chart. It's had plenty of days even a couple 1 - 2 weeks when it's outperformed but overall the trend is down. Now one could monitor for at rendline break. for now it's bounced off a lower trendline with some divergence in place. But otherwise way too early to say if that's a major bottom for it yet
otherwise for now watch the 50 day MA on IWM, closing above that on a good closing candle would be short term positive
Thanks Matt.
Posted by erikvik on 9th of Sep 2019 at 03:31 pm
Thanks Matt.