IWM Playing Catch Up to SPY,DIA and QQQ?
Updated
The SPY, DIA and QQQ continue their strong rally and for most traders and investors they appear overextended and hard to get long at this levels. The Russell 2000 just broke out of a seven month consolidation and offers a low risk opportunity to get long exposure to the markets. I am playing for a sector rotation into small caps and and a catch up rally to SPY and QQQ into the end of the year.
Note
Based on my trading rules I am closing my long position on IWM. Today it closed below a critical daily level for me. I am neutral at the moment.
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