Market Overview

FirstAlert(tm) 1/21/11: IWC, IWM, SPY 50-Day Comparisons

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January 21, 2010 (FinancialWire) (The Small Cap News Leader http://www.financialwire.net/) -- Comparing performance of the SPDR Trust ETF (AMEX: SPY) to the iShares Russell 2000 ETF (AMEX: IWM) and the iShares Russell Microcap ETF (AMEX: IWC) provides a fair representation of how small- and micro-cap stocks are faring in relation to their greater-capitalized counterparts.

As of the close of Thursday's trading session, looking back at the most recent fifty trading sessions, the iShares Russell Microcap ETF (IWC) is outperforming the SPDR Trust ETF (SPY) and the iShares Russell 2000 ETF (IWM), in terms of overall 50-day gain-loss percentage comparisons. The Russell Microcap leads all three ETFs marking an overall 8.19% ($3.79 per share) 50-day gain, followed by the SPDR Trust's overall 6.02% ($7.28 per share) 50-day gain, followed by the Russell 2000 ETF marking an overall 5.90% ($4.33 per share) 50-day gain.

However, looking back further, comparing our previous, January 3rd report, SPY has rallied more significantly overall.

IWC closed at $49.31 per share on volume of 730,000 shares Thursday, which was $0.95 (1.97%) above its 50-day $48.36 per share average and 560,860 shares (331.60%) above its 50-day 169,140 share average volume. In our January 3rd report, IWC had closed the previous day at $50.11.

SPY closed at $128.08 per share on volume of 175,511,200 shares Thursday, which was $4.62 (3.74%) above its 50-day $123.46 per share average and 29,662,582 shares (20.34%) above its 50-day 145,848,618 share average volume. In our January 3rd report, SPY had closed the previous day at $125.75.

IWM closed at $77.71 per share on volume of 79,625,900 shares Thursday, which was $1.53 (2.01%) above its 50-day $76.18 per share average and 35,564,866 shares (80.72%) above its 50-day 44,061,034 share average volume. In our January 3rd report, IWM had closed the previous day at $78.24.

In our January 3rd report, pre-market, looking back at the preceding fifty trading sessions, IWC and IWM were outperforming SPY, in terms of overall 50-day gain-loss percentage comparisons. IWC led all three ETFs marking an overall 13.97% ($6.17 per share) 50-day gain closing at $50.11, followed by IWM's overall 11.95% ($8.35 per share) 50-day gain closing at $78.24, followed by SPY's overall 6.99% ($8.21 per share) 50-day gain closing at $125.75.

About The ETFs:

The iShares Russell 2000 ETF invests in approximately 2000 of the smallest capitalization-weighted companies in the Russell 3000 index, yielding investment results that correspond generally to the price and yield performance of the Russell 2000 Index, investing in at least 90% of assets in the securities of the underlying index. It uses a representative sampling strategy to track the Russell 2000 Index, which measures the performance of the small-capitalization sector of the US equity broad market.

The iShares Russell Microcap ETF investment results correspond generally to the price and yield performance of the Russell Microcap index, investing at least 90% of assets in the securities of that underlying index. The ETF uses a representative sampling strategy to track the Russell Microcap Index. The index, itself, is capitalization-weighted and includes companies ranging in total market capitalization from approximately $50 million to $550 million, which represents approximately 3% of the market capitalization of listed U.S. equity securities.

The SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks, and corresponds generally to the price and yield performance of the S&P 500 Index. It is comprised of undivided ownership interests called SPDRs. The fund issues and redeems SPDRs in multiples of 50,000 SPDRs in exchange for S&P 500 Index stocks and cash.

Exchange Links: SPDR Trust ETF (SPY - AMEX) / iShares Russell 2000 ETF (IWM - AMEX) / iShares Russell Microcap ETF (IWC - AMEX)

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