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DeepNewz, mobile.
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Small-cap stocks, represented by indices such as $IWM and $IJR, have been underperforming recently. Despite upcoming rate cuts and yields hitting fresh lows, these indices have struggled to gain traction. $IWM is threatening to break below 200 again and is barely up for the year. $IJR has fallen further behind bonds and cash year-to-date and is back in correction territory from its July peak. The narrative has shifted from a rate cut rotation to concerns about a potential recession, impacting small caps negatively. $IWM is forming a hammer candle at thick volume profile support near 205 and saw a February put seller.
$IWM rebounding off lows though not as strong as Nasdaq, still forming a hammer candle at thick volume profile support near 205 and lower end of trend channel since last year and saw that Feb put seller. Key with small caps this year has been buying when they look ugly as close… https://t.co/zaZXCjGveo
$IWM threatening to take out 200 (again). Index cannot gain traction off upcoming rate cuts and yields hitting fresh lows. Then when can it gain traction? Rhetorical question.
$IJR small caps back in correction territory off the July peak. Down each session this month. Unch from late December last year. https://t.co/5gBZ9K8jdH
