“These Small Cap Setups Are Getting My Attention”
IWM shows strong relative performance but lacks short-term momentum confirmation; a daily DI breakout is needed to sustain the uptrend.
Okay, as we switch over to the small cap area, I do want to start out with the IWM. You can see what's taken place. I mean, this has been the best performer of the indexes this year and we've got relative strength to kind of prove that as this has made higher highs and higher lows really since the middle of last year.
It started to turn up and it's been holding the moving average. We want to see that to continue. We want to make sure that continues.