Russell Small caps join the trend investing party

The Russell 2000 Small cap stocks ETF (IWM) $IWM indicates, this week, long term Bullish. It is exceeding a 20% annualized rate of growth (CAGR). And, we can see on the stock chart below, a long term breakout, above $159.50. We’ll look to see if it closes the week at this level. On a relative basis, it is stronger than the S&P 500 Index ETF (SPY) $SPY, over a 200 day moving average (relative strength chart below). This may be indicating more domestic capital flow into the market, relative to international capital flow. This an ideal trend investing setup.

Comments welcome.

Russell 2000 Index ETF (IWM)
IWM relative to SPY over 200 day average

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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