Don't Ignore This Chart!: IWM and SPY Go Separate Ways

Don't Ignore This Chart!

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IWM and SPY Go Separate Ways

July 31, 2012 at 1:56 PM | written by Arthur Hill

The Russell 2000 ETF (IWM) and the S&P 500 ETF (SPY) parted ways over the last few weeks. IWM peaked in early July and zigzagged lower. SPY, in contrast, zigzagged higher with a move above the mid July high. This divergence means small-caps are showing relative weakness.

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