The IJS(iShares S&P Small Cap Index) are limping into the close. Small Caps have not been able to match the other major indexes during this week’s rebound. While most indexes have remained above their 200 day moving averages during the recent pullback, the IJS has stayed below the 200 day for the bulk of May. As this week comes to a close the small caps will finish below the April lows. Not a good way to end the week.
At time of publication we do not have a position in IJS.