Since
it exhibited relative weakness to the S&P 500 throughout much of 2015, the Russell 2000 is already trading much closer to pivotal support of its long - term uptrend line on the monthly chart.
In addition, SOXL and XLU were
exhibiting relative weakness and it therefore made sense to exit both trades given market conditions.
Not exact matches
However, those same stocks that previously showed
relative weakness are now
exhibiting relative strength because they have held up well over the past few days.
Transportation, coal, financials and homebuilders were the big winners yesterday, while gold miners and computer hardware
exhibited the most
relative weakness.