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I will develop this theme over the long weekend, but for now please note the monthly chart of the small cap- led IWM (ETF for the Russell 2000 Index). We are still looking at as steep angle of ascent directly into those 2007 highs. With the broad market acting constructively here, the idea is that the boring, large cap stocks will likely attract more capital in the coming weeks, as those little midgets head to the back of the line for the meantime. Rather than getting all giddy about shorting the small caps, I would prefer to look at some of the most hated large cap names to play catch up.
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Your pumping out quality blog post like a machine lately. Excellent work.
Thanks, Bubbles.
Great stuff and a great week at PPT/12631 thanks
My pleasure.
ChessNWine,
I am considering MSFT, but I am concerned a bit (not a lot) that it may end like CSCO, which appears to stop going down, but always gravity wins. What are your thoughts on it? It’s reporting next week.
Thanks,
zzz
I don’t like playing earnings. I’d wait until after.
Thank you for your advice.
zzz
No problem
Mid caps (e.g. IJH) recently approached and easiily blew past the 2007 highs. Why can’t small caps do the same?
They could, but I still expect the larger caps to attract inflows more so.