TECHNICALS- IWM
Relentless selling of the small caps continues in spite of the Bullish Divergence on the ROC and MACD Histogram indicators.
I have no clue when/why the selling will stop but then again I didn't see a major selloff coming. One thought, maybe as soon as Big Ben comes out with his June fed decision the market will surprise us and turn around especially if he has something to say that investors like such as a hint that they are done raising rates.
posted by DAVID at
6:27 PM
1 Comments:
One of the new Powershares' ETFs that follows some small caps Zacks strategy PZJ is tracking IWM pretty good.
I'm hoping Uncle Ben says he thinks inflation is well-contained and that economic growth has moderated and is sustainable.
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