On Tuesday, the iShares Russell 2000 Index ETF (IWM) finally broke out of its 10-month trading range on improving, intermediate-term breadth (chart). PBE, ACES, GNOM, PHO, MOON and PAVE (overweight) all share more than 50% of their constituents with IWM, also have improving breadth, and should benefit from an expanding, small-cap rally.
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