Interestingly, the weaker NYA and DIA bounced, and the overall Q2 leaders IWM and QQQ were weaker, and SPY was in between. I have been thinking about end of quarter re-balancing which is why I so emphatically said to take IWM profits in the YR2 / HR2 area in the latest Total market view. That looked like it could be wrong on Wednesday, but not today!
As usual more on the blog over the weekend.
SPY and IWM below.
