IWM V SPY

DJIA now up 58 SPX up 7.5 and the IWM up .8% so it continues. I bought some ETF's at the DIA pivot point and don't expect to hold em for long, probably until I see another ramp up on the ticks or a buy program and then out for the day. Internals continue to show bulls with the advantage with 1,300 more winners than losers.

Every day we are bombarded on bubblevision about how it is the Large cap's turn to outperform and many probably feel its happening now. Well, not so fast. Since the bottom or perceived bottom on June 14, the Russell 2K is up 8.8% (670 to 729) and the SPX is up 4.8% (1219 to 1278). I said it before and I will say it again, if you expect the SPX to outperform, it will only be because it does less worse than the Small Caps. Bottom line, if you anticipate a large cap outperformance, move to cash.