News Snapshot:
shaunl Small caps breaking out, but most sectors are extended... By now, the majority of market participants would be aware that the Russell 2000 (IWM), being used as a proxy for small caps, is on the verge of breaking out higher from a 2-year base. The more tricky part is to find a sector to buy that is not overly extended. By overly extended, I refer to how elevated prices are from their key moving averages on their daily charts. Buying strength in a healthy bull market is a viable strategy, as momentum tends to beget more momentum in a...
