Small caps are CRACKING and nobody's talking about it enough! IWM down 9% from August highs, sitting right on the 200-day — this is a CRITICAL test. Meanwhile, the median $SPY stock? 16% off its high! The index looks fine, but under the hood it's a BLOODBATH.
This is a two-tier market, folks. The Mag 7 are masking serious weakness in the rest of the tape. When small caps break support and breadth is THIS ugly, you better be selective. Don't chase garbage just because it's "cheap."
Patience here is KEY. React to what the market SHOWS you, don't try to be a hero predicting the bottom. If IWM holds the 200-day, maybe we get a bounce. If it breaks? Look out below. Stay disciplined, stick with quality, and don't fight the tape. BOOYAH!
This is a two-tier market, folks. The Mag 7 are masking serious weakness in the rest of the tape. When small caps break support and breadth is THIS ugly, you better be selective. Don't chase garbage just because it's "cheap."
Patience here is KEY. React to what the market SHOWS you, don't try to be a hero predicting the bottom. If IWM holds the 200-day, maybe we get a bounce. If it breaks? Look out below. Stay disciplined, stick with quality, and don't fight the tape. BOOYAH!