A feature of the current sentiment backdrop is that people seem to be looking for market indicators (reasons) to be bullish as opposed to bearish. I mean, if you watch this site you know how keyed I am on the Semiconductors, as they were a post-2012 market leader. They led into the August correction and led right back out of it. Yey, everybody’s bullish on the Semi’s! Woo hoo!!
But why are we not hearing about another post-2012 leader, the Small Caps?
Here is the weekly view of IWM. Why is the rebuilt bull backbone not factoring this?
