Wednesday, February 07, 2007

Small Cap Rising

Once more the small caps continue to lead the market. Here is the IWM break out chart updated from several days ago.

And now we can see what is happening with the Four Amigos - notice how the Q's attempted to take the lead but they were muscled out by the DIA - then the SPY rose up to challenge - but swooping in from below for the kill - the small caps. Remember not all small caps are created equal and the growth sector is doing far better than the value.

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