CNBC Options Action July 12, 2024
All three major indice closing out may in the green with the s p 500 now up more than 38 from its march lows but take a look at the small caps. Despite seeing a boost the group is still lagging the market, down 16 carter says theres more trouble brewing for this beaten down sector carter, what are the charts telling you . I mean the issue here, of course, small caps have lagged for such a long time and they are very heavily weighted to financials but lets look at one of four slides the first shows you iwm and well defined lows from which the iwm, the russell 2000 broke sharply see that level, ...