Small capitalization stocks did well today. This is shown by
the chart for IWM (the ETF for Russell 2000, representing the small cap
universe). There was an “up thrust” in price on high volume. This means money is
moving into this category of stocks.
The numbers in Market Breadth Ratios are also starting to
improve.
These are early indicators to show the Market may be setting
up for Momentum Growth Stocks category to start performing. We need to watch
the market to see if these early indicators stay on track or fizzle out.
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