Doppelganger

I noticed something mildly interesting and peculiar. Here are the small caps (IWM), at the precipice of collapse:

(Click on image to enlarge)

And, a wholly different group of stocks in a totally different classification, the Transports (IYT):

(Click on image to enlarge)

Notice how similar they look? Take a look at the long-term behavior. They’re joined at the hip.

(Click on image to enlarge)

For myself, I have pushed my commitment level to 200%.

Disclosure: None. 

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.