The VIX is now at 14, a level that few predicted only 2 weeks ago but the DMI+ has yet to turn up. When the DMI + and - do cross its likely to be a strong and sustained move.
If this rally is to go forward QQQ and XLF would be the typical leaders. Instead, its been the DOW (DIA) and the Russell (IWM) that have been the movers. Past history patterns demonstrate that when IWM reverses it tends to do so with a vengeance...much more so than either SPY or QQQ, so there's that to consider.
