Small-Caps Look Stretched

At the start of a quarter, I like to look at the quarterly charts -- and, of course, this is not in order to formulate any short-term trades. Instead, it's meant to forge a long-term view regarding may be coming down the road over the following few quarters.

Among these, the iShares Russell 2000 Index (IWM) quarterly chart is reading as long-term overbought, though it's showing no downside momentum yet. On Monday, the IWM finished the June quarter at $118.81 -- the high for the quarter. In fact, this ETF has been rising for eight straight quarters. But, given its current lack of downside momentum, it would be quite hard to pick the top....209 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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