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
well by your logic, months
for months the Russell 2000 has underperformed the SPX. Today ...
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.