No. of Recommendations: 7
For what it may be worth, a look at some intermediate- and short-term market breadth conditions for US small caps:
Intermediate-Term SmallCaps Since
INT-TERM SCORE -1
BearCatcher Naz NH/NL -
BearCatcher SMA Slope Neutral 5/30/25
BearCatcher 99D Bear 7/10/25
Momentum, Int 26W / 52W Bull 6/26/25
Momentum, Int # 26 week highs Neutral 7/10/25
Momentum, Int DMI Neutral 5/23/24
Momentum, Int-Term 10/50 Crossover Neutral 5/12/25
Momentum, Int PPO Weekly Bull 6/27
Correction Mode >7% off last peak Bear 7/10/25
Timing, Seasonal MACD on RUT Bear 5/23/25
Danger Indicator Bear 7/18
Momentum, ST PPO Daily Bear 7/18/25
Breadth, short term SP600 PAMA20 Neutral 7/18/25
Top warning Recent Simple Top (10d) Neutral
# 26week Highs last 10d Neutral
Breadth, short term SPSC Above 20DMA gtsml Neutral
Although small caps have somewhat recovered since the April Demolition Day, the index hasn't recovered its earlier 2025 high (as large cap / lc tech have) and hasn't rebounded as strongly as those.
Compared to large cap tech and general large caps which are both at +8 (solid bullish).
On a GTAA ranking basis, Small Caps (IJR) remain #12 out of 14 classes I track. It crossed its 33W moving average only at July 3rd, by a long shot the last equity asset class to get back above it, and partially because that intermediate term moving average continues to decline.
