The Smallest Stocks in the Market Might Now Be the Best Ones to Buy

Small cap stocks are showing signs of being in oversold territory after a more than three-week selloff, according to Bloomberg data. More than 15% of the S&P 600 Smallcap Index began the week trading in oversold territory, with the 14-day relative strength index below 30, meanwhile, only 3% of the index was in overbought territory.  There have only been 66 days where the gap between oversold and overbought stocks was this wide since 2012, Bloomberg said.  The S&P 600 Smallcap Index fell below its 200-day moving average for the first time since the Brexit vote late last week. 

• Morning Sector Snapshot: A Retail Bloodbath

  Barrons.com
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  Morning Sector Snapshot: Up, Up, And Away

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Dow back above 22,000 despite Trump, CEO chaos; another bump up for Freeport-McMoRan

Stocks edged up today as U.S. President Donald Trump criticized Amazon.com Inc. (Nasdaq: AMZN) and disbanded two CEO councils after executives resigned from the posts over his response to the alt-right protests and violence that left a woman dead. The Dow Jones Industrial Average climbed back over the 22,000 mark. The blue chip stock index closed at 22,024.87 up 25.88 points. The 30-stock Dow passed the 22,000 mark for the first time ever earlier this month but dipped lower last week after Trump promised North Korea “fire and fury like the world has never seen” if it continued increased aggression toward the U.S. The S&P 500 and Nasdaq also edged up even as the CEOs of 3M (NYSE: MMM), Intel Corp.

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  Toxic Trump: CEOs are now abandoning him in droves

  Los Angeles Times
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  Trump ramps up attacks on Merck

  POLITICO

Stocks Open Higher; Home Depot, Target Lead Retail Rebound

Stocks opened on the advance Wednesday, despite some weak early housing data, as the Nasdaq and S&P 500 looked to revive their rebounds stalled on Tuesday. XAutoplay: On | Off The Nasdaq Composite and the S&P 500perked up 0.3% at the starting bell. The Dow Jones industrial average added 0.2% above fair value. Housing starts and building permits fell off sharply in July, the Commerce Department reported, with starts slipping to an annualized rate of 1.155 million in the normally busy summer season, down from a rate of 1.215 million in June and disappointing forecasts for an increase to 1.225 million. Building permit activity slowed to an annualized rate of 1.223 million, vs. June's 1.254 million