Now Playing: The Slow Grind

Russell 2000 Small-cap ETF (IWM) - Daily

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Next, let's check in on the state of the market's internal momentum indicators.

The Momentum board is also universally green. This suggests (a) there is some momentum behind the move and (b) a buy-the-dips strategy remains in play.

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* Source: Ned Davis Research (NDR) as of the date of publication. Historical returns are hypothetical average annual performances calculated by NDR.

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The opinions and forecasts expressed herein are those of Mr. David Moenning and may not actually come to pass. Mr. Moenning's opinions and viewpoints regarding the future of the markets should ...

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