FYI: Despite stocks finishing lower yesterday, all of the major US index ETFs have held onto their overbought levels and are looking to finish the week there. The greatest strength continues to come from small to mid-caps. Whereas recently mid-caps have done slightly better, this week’s price action has led small-caps to take the throne. The Micro-Cap ETF (IWC) has been the best of these ETFs headed into the end of the week rallying 2.86%. Other small-caps, the Core S&P Small Cap (IJR) and Russell 2000 (IWM) are not far behind these kinds of gains at 2.77% and 2.73% WoW, respectively. As we have repeatedly highlighted, large caps have continued to lag. In the last week, the Dow (DIA) and S&P 100 (OEF) have both ‘only’ gained 1.29% and 1.26%, respectively. Still, these are not losses so things are not that bad.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/trend-analyzer-2-15-19-overbought-to-end-the-week/
