FYI: As stocks bounced back intraday yesterday, the major index ETFs held firm in neutral territory, but still remain below their 50-day moving averages. Only the Russell 2000 (IWM) and Micro-Cap ETF (IWC) remain oversold, with IWC over 2 standard deviations below the 50-DMA. IWC has by far been the weakest ETF of this group over the last week with a decline of more than 5%. IWM has been the next worst performer falling 4.62%. Although everything is down, large-cap indices like the Dow (DIA) have seen lesser—but still over 3%—declines.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/trend-analyzer-8-8-19-defensives-hold
