Trrying to find it, I am assuming it's bad?
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Trrying to find it, I am assuming it's bad?
I made it up, but .... just say'in. :D
https://www.tsptalk.com/images/mb/2021/042021e.gif
https://www.tsptalk.com/images/mb.2021/042021e.gif
https://external-content.duckduckgo....jpg&f=1&nofb=1
Oh lol, it does!
For fans of the S Fund / Small Caps, Morgan Stanley closed out their underweight small caps yesterday. They got the bearish part of that call right on March 15. They now expect small caps to perform neutral relative large caps.
Much awaited breakout in IWM (Russell 2000) happened today.
Attachment 51751
It was a nice day for the "S" fund. Still have to be cautious about the gap in mid October.
Looks like we got a quick retest in IWM yesterday. Up nearly 2% today.
Massively bullish as the small cap Russel 2000 has been consolidating since late January/early February 2021.
On the weekly it doesn't look as bad, but here is the daily IWM. Possible break of that support line that was previous resistance and will be something to watch next week.
S fund has more of those small cap stocks that rely on cheap lending to fund their ventures. With everyone seeming to think higher rates are in the cards, it's natural that they'd get hit. How much the fed can really raise rates is the question.
Attachment 51967
That orange line is a 135-day EMA. It's been an interesting, meaningful average this year.
https://www.tsptalk.com/images/2021/112421b.gif
Heavy multi month resistance area ahead from 2000 - 2100 for the S Fund.
Attachment 55213