Small caps near the highs, momentum cooling
IWM (Russell 2000): a mature small-cap rally as momentum cools
Small caps near the highs, momentum cooling
Our view last week
The IWM, an ETF tracking the Russell 2000, weekly technical analysis: US small caps sit just over 2 points below their all-time high, in the 13th week of a buy signal and up 13.28%. Strength rests on a broad basket — healthcare, industrials, banks and technology nearly level, with no single sector as the engine. As it was a week ago, the drive is cooling, with the MACD histogram down for a month and four warning signals in the weekly price action. A mature rally, to be managed with method.
This week's summary
The IWM, an ETF tracking the Russell 2000, is holding less than 3% below its all-time high. This weekly technical analysis finds US small caps in the 14th week of a buy signal, up 12.53%, with strength spread across a broad basket: healthcare, industrials, banks and technology nearly level, with no single engine. But the drive is cooling: the MACD histogram has fallen for a month and price action has turned lower. Structure intact, cycle well along: caution on fresh entries.
IQS Phase
44
ordinary
Signal Strength
38
medium · weak
ATH distance
2.95%
2.95%
KPI 4
0/3
Trade P&L %
+12.53%
from signal to today
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