The biggest development this week is unfolding in the market’s most risk-on corners.
When we look down the cap scale, small-cap stocks are breaking out—reclaiming a key level of resistance at the index level.
The Russell 2000 $IWM didn’t just punch through a horizontal brick wall—it also broke above a downward trendline that’s been in place since the highs from last year.
Most importantly, it’s now trading above the anchored VWAP from its all-time high.
That last point is crucial—it means the average buyer since the Russell’s peak is finally in the green.
Buyers are back in control, marking a major development that reinforces the bullish thesis for equities.
As long as $IWM holds above 210, the risk is skewed to the upside—and it might begin to outperform before anyone sees it coming.
I want to stay ahead of that rotation—and be a buyer.
When these stocks move, they really move.
We track this space closely with our Minor Leaguers report—a biweekly scan of small-cap names between $1B and $4B making big moves early.
These are the names that can go 5–10x as they grow into large-caps.
