Small Caps Break Out to New Highs
While $SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ remain mired in last Friday's range, small caps ( $iShares Russell 2000 ETF(IWM)$ ) broke out to a new lifetime high on a closing basis - this is not a bearish signal.
Banks are crushing it ( $Morgan Stanley(MS)$ and $Bank of America(BAC)$ the latest to fly), semis are showing broad strength (even if $NVIDIA(NVDA)$ is snoozing), HYG has clawed back its 50 SMA.
Developments are looking more bullish than bearish
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
