IWM

2021-04-11 Sunday

WEEKLY MARKET OVERVIEW Another strong week for the markets with S&P500 (SPY) and Dow Industrial (DIA) pushing to fresh new all-time highs, and starting to look very extended on the upside. Mega tech stocks (QQQ) have been the weekly leaders and now are about to test resistance at former all-time highs. Small caps (IWM) have …

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2021-03-21 Sunday

WEEKLY MARKET OVERVIEW Inside last Weekly Report I wrote: “with most indices in overbought territory, some sort of consolidation or minor pullback would be normal and acceptable.” This is exactly what happened this week with the S&P500 (SPY) pulling back to oversold territory and just above the trend line that has been holding as support …

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2021-03-14 Sunday

WEEKLY MARKET OVERVIEW After a few tough weeks bulls look to be back in control and pushing most indices to new all-time highs. Despite the overall market recovery, mega tech stocks (QQQ) are still lagging with money rotating in other areas such as industrial (DIA) and small caps (IWM), both exploding to the upside. Next …

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2021-01-14 Thursday

Finally, Thursday was a red day with selling pressure during the entire session and in most areas of the market. Anyway, looking at the SPY chart we can see at last candle as just a small pause on an otherwise positive trend. On the other hand, small caps (IWM) are continuing the run on the …

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2021-01-12 Tuesday

Tuesday has been another day of choppy price action with most indices going flat for the day except small caps (IWM) that once again pushed to new all-time highs with a solid green candle. Mixed behavior between major stocks with a pocket of strength inside industrial and energy sectors. TSLA is still trading in its …

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2021-01-07 Thursday

Not much to say for Thursday’s trading session rather than market participants quickly forgot Monday’s selloff and the tragic news from Washington. Most mega-tech-companies recovered in full from recent weakness and were between the strongest stocks of the day. The only negative aspects I can notice are the red candles just before the close (quite …

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