ONE MORE THING - IWM
The IWM took it on the chin big time today (minus 2.2%) but it still sits a bit above its 50 day SMA. If one looks at the chart, two things stick out like a soar thumb; (1) Its in an uptrend, and (2) It always seems to bounce at its 50 day SMA. So the next few days could be very important for the little guys.
posted by DAVID at
4:12 PM
1 Comments:
Kind of interesting that this is happening the week before options ex. I like weakness ahead of options week as a potential rally set up. I'm a little worried about seasonal and election-year trends, but normally I'd be buying these dips. Not sure what to do, so probably will just watch.
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