$IWM, the small-cap index, has been underperforming compared to $SPY and $QQQ. It recently saw a significant rally, but is still below recent highs. Investors are debating its potential for a bigger move. Meanwhile, $SPY has been mostly bullish with only a few down days recently. $VIX breaking out is putting pressure on the market. $IWM is flat for the year and down 4.5% for the quarter. $IWM is currently underperforming $SPY by 1.16% in the last 24 years. $IWM hit fresh all-time lows against $SPY, breaking below its May 2020 inception level.
Fresh all-time lows in $IWM vs $SPY.. finally breaks below where it was against the market at its May 2020 inception https://t.co/VaR7WDWPcc
Month-to-date: Russell 2,000 $IWM -3.5% S&P 500 $SPY +2.4%
#markets $SPY and mid caps $IWM bearish although SPY still premarket over PM lows but $IWM very bearish $QQQ is holding so far https://t.co/dUGRlUacDu
$IWM still getting no love, it was down another -1.6% premarket but then bounced off the July 2023 highs as you can see on the chart below. FWIW, since July 31st of last year, $QQQ is up +24% and $SPY is up +18% while $IWM is up +0% 10Y yield is down more than -50 bps in theโฆ https://t.co/Q8UDWVXeIh https://t.co/75n1TEttJj
SPOTTED: Small cap investors $RUT $IWM https://t.co/Lx2fttJvkB
$IWM underperforming $SPY by 1.16% in the last 24 years https://t.co/gEA3iSBPAt
$SPY popping nicely off that 540 support after bond auction, high TICK +590 so need some higher readings still but really just a flat inside candle pause day after strong 10 point rally this week
$VIX Breaking out here Putting pressure on the market $SPY $QQQ both back bearish https://t.co/XpSwyO87PP
$SPY $IWM $IWM back to where it was Tuesday night after two solid inflation readings. Hawkish Fed and summer doldrums upon us. Wake me up when school starts in the fall. $IWM flat for the year and down 4.5% for the quarter. https://t.co/GDn3quVeUa
$iwm huge pull back since yesterday high wow
$SPY 3 buck gap here from yesterday
$SPY $QQQ #markets Bearish right now Impacting trades $AVGO in gap fill https://t.co/DZ22zLJO3H
$SPY is up 22 of the last 29 days. 4 of those 7 red days were small or flattish red. So really, we had only 3 decent down days in the last 29. Wow.
$IWM gapped, but didn't exactly 'go' https://t.co/VaCDoTlmSk
$IWM fading to lows, back to monthly POC at 204, still needs time to setup the bigger thrust higher but good start this week with the weekly candle likely forming that low.
$SPY seeing 50,000 June 28th $548 calls buy at $2.73 as the weekly $535 calls adjust a big winner higher and looking for follow through into quarter end
Small caps $IWM is finally outperforming and back above its 20dma. https://t.co/4g04D8N8VE
$IWM highs over 207 now.. so many small cap stocks up 10% or more.. this is a big move based on interest rates likely coming down sooner than majority thought
$IWM calls up nearly $6000 in a day.. buy sell or hold? Bought 39 of them when meant to have 40 oops.. looking for 210 to trim some and adjust. But likely just the start of a bigger move into Q3 for Russell https://t.co/yWaBHbDehx
$IWM needed this rally. Still under recent highs. https://t.co/7MsWqveSgp
Hell of a move in $RUT $IWM, up 3% premarket after a slightly soft CPI print.
For the first time ever, $IWM is now underperforming $SPY since its May 2000 inception https://t.co/wm63DDeu0W
$IWM back to 200 level, into highs of day, more interested in how the weekly candle closes since have a longer term view on this one myself
$SPY Bearish this morning $QQQ holding up though , some difference in SPY and QQQ #markets https://t.co/sSB9XYIBFW
$IWM reversing a lot of the bounce from yesterday. I want small caps to rally as much as the next guy, but we must admit this index is just a poor investment relative to itโs peers in $SPY and $QQQ and even the $DIA. Prove me wrong.
$IWM off the mat intraday https://t.co/Dj4s5YKKfh