Chart of the Day: Small-cap Value

JC Parets
June 3, 2022

It would be irresponsible of me not to make Small-cap Value today's Chart of the Day.

I mean how can it not be?

(OK, Copper's biggest 1-day move since 2013 was a close 2nd)

But the new 6-week highs in $IWN, which represents Small-cap Value, just cannot be ignored!

If these guys are above their former support levels going all the way back to Q1 2021, then a short position in any of these things is a mistake:

You have a lot of Financials, Real Estate, Industrials and Energy.

That's what's in this thing.

The risk is to the upside if $IWN is above all those former lows.

I wouldn't ignore this.

It was one of the more important points I tried to make on tonight's call.

Premium Members can watch tonight's live strategy session here and download the slides.

If you don't have access, ping Peter and tell him JC said to hook you up.

Give it a watch and then let me know what you think!

 

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