Small- and Micro-caps Performing Big, Hit All Time Highs
06/23/2015 7:00 am EST
Though the S&P 500 isn’t exactly setting the world on fire this year, Chris Kimble, of Kimble Charting Solutions, takes a technical look at how the Micro- and Small-caps are acting big on a performance basis by comparison and why this may be sending just as important a message moving forward as Greece.
Even though the S&P 500 (SPY) isn’t setting the world on fire performance-wise this year, Small- and Micro-caps closed out last week at all time weekly closing highs. The table below looks at performance year to date, reflecting that Micro- and Small-caps are acting big on a performance basis, compared to the S&P 500.
Micro-caps (IWC) of late are now pushing above March 2014 highs, which is a positive sign for them.
Strength in the US dollar could be hampering gains by large-caps over the past six months. Small- and Micro-caps aren’t influenced too much by this factor.
Much of the world seems to be focused on what is happening in Greece, yet the message coming from Small- and Micro-caps might be just as important for the future direction of the stock markets in the States.
By Chris Kimble, Founder, Kimble Charting Solutions
Related Articles on STOCKS
We hold three biotech stocks in our growth portfolio — Biogen (BIIB), Bioverativ (BIVV), and R...
Under the guise of clamping down on “widespread corruption,” Prince Mohammed bin Salman ...