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IWM trade ideas

$IWM – Bull Flag Breaking Out?Hooray for small caps! It is looking to me like AMEX:IWM (Russell 2000 small cap ETF) is ready to participate in the newest market rally. This is great news as it shows the market is broadening with more participation. I do not have a position yet, but I am looking to start one if this keeps showing strength. I may even use the 3x levered AMEX:TNA as a booster. (Cannot hold levered ETFs too long as they are geared for day trades). Ideas, not investing / trading advice. You can see I have outlined the Bull Flag as well as important moving averages. On the lower part of the chart, you can see the Volume has picked up, the MACD is rising and the indicator at the bottom shows market new highs new lows (new highs are green days). I hope this helps someone. Thanks for looking. Constructive comments always welcome.
AMEX:IWMLong
by jaxdog
An upcoming broader rally?The overall market thus far has been propped up by just 5 stocks 1) Apple 2) Nvidia 3) Microsoft 4) Meta 5) Tesla It is no secret the market breadth is not that great. However, IF (IFFFFFFFFF), this is a healthy uptrend that is supported by the economy, we should see the rally becoming broader. I.E. Funds should flow into mid-caps and small-caps. There should be a reallocation of funds from overbought big caps to the broader market. Russell 2000 is a good start and should be monitored closely for such actions. We may see a rally to 200 or even beyond.
AMEX:IWMLong
by NimbusCapital
Russell 2000 Order Flow: Bullish Pattern ActivatedHey traders, In today’s analysis, it’s hard to ignore IWM following the 🚀explosive🚀 8%+ move up. Let’s unpack the action as of late via the OFA script : To do so, I am NOT going to apply any subjective type of analysis such as crawing trendlines, counting waves based on what way the wind blows, or any other form of guessing… Instead, we let the formation of fractal structures (an objective measure of moves) create the pathway from which we can all make decisions. Fortunately, there is no need to engage in laborious manual work. Why? The OFA script has all of us covered. So, with that in mind, what can we observe in the IWM market? What recurring pattern do you notice? Clue - Pay attention to the visual CIRCLE feature in the last leg. These patterns entail, “dynamic fractal-based order flow cycles where a decreasing involvement in one direction (depicted by cycle/wave/line counts) is followed by a predictable move in the opposite direction with greater commitment seeking out the next equilibrium area, in most instances, with potential profits as a by-product thereafter…” If you are into disseminating order flow, nothing I’ve seen beats the objectivity in analysis one can carry out via the formation of structures derived off fractal structures. So, how are you going to profit from the latest pattern printed? I know how I will... Remember the two key main features of the OFA script: Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude? Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
AMEX:IWMLong
by FlowState
IWM - Perking up?Small caps have moved up to resistance. With Friday's move and todays move my guess is that the next move will be a consolidation of the almost 7% move in the last week. Volume has picked up but I wouldn't be surprised if there is just as much selling as buying into this lift. Economic factors do not have me pounding my fist to buy the most vulnerable companies out there. Typically small caps lead in a new bull market and not at the end of a cyclical bull inside a secular bear. My guess is to fade this move. I think markets want people to believe that the rally is broadening out and will pull the rug out on everything soon. Call me skeptical but I'm not in IWM until resistance is broken and there is a successful retest of the breakout.
AMEX:IWM
by BobbySpa
3
Opening (IRA): IWM September 15th 146 Short Put... for a 1.46 credit. Comments: Re-establishing a September rung after scratching out a higher strike trade yesterday, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. The shortest duration trades in which the <16 delta strike is paying around 1% in credit: IWM: August (at the 154 strike, paying 1.58) QQQ: August (at the 296 strike, paying 2.99) SPY: September (at the 367 strike, paying 3.70).
AMEX:IWMLong
by NaughtyPines
WEEKEND UPDATE JUNE 4 2023 - SMALL CAPS JOIN THE PARTYMacro 2/10 YR CURVE - Inverted = -.81 (More Negative from -.74 last week) HIGH YIELD SPREADS = 4.65 (Up from 4.58 last week) US ISM PMI - Contracting Faster = 46.90 down from 47.10% US ISM SERVICES - Growing Faster = 51.90% up from 51.20% S&P 500 ( SPY ) - Investable Nasdaq100 ( QQQ ) - Investable Russell2000 ( IWM ) - Investable Gold ( GLD ) - Investable(Pullback) US 30yr Treasury Bonds ( TLT ) - Not Investable US Dollar ( UUP ) - Investable US Real Estate ( IYR ) - Not Investable European Equities ( VGK ) - Investable(Pullback) India ( INDA ) - Investable Broad Asia Equities ( VPL ) - Investable China A-Shares ( ASHR ) - Not Investable Emerging Markets ( EEM ) - Investable (Pullback) Wheat Futures (ZW) - Not Investable Corn Futures ( ZC ) - Counter Trend Rally Soybean Futures (ZS) - Not Investable Silver ( SLV ) - Investable(Pullback) Natural Gas Futures ( NG ) - Not Investable Volatility Levels S&P 500 - 14.60 - Investable Market (Down from 17.95 last week) Nasdaq100 - 19.29 - Investable Market (Down from 22.21 last week) Russell2000 - 20.88 - Investable Market (Down from 23.51 last week) S&P 500 Volatility Structure - Normal Contango Structure VIX 9-Day - 12.74 VIX Short Term - 14.50 VIX - 14.60 VIX Long Term - 14.79 Now, here is the list of individual ETFs and individual names are showing strength. Strongest of our ETF universe SVIX SMH XLK QQQ IGV IWF NIB ARKF ARKG XLY QUAL EWJ Strongest of our ETF Leveraged/Inverse Funds KOLD TQQQ SOXL QLD SDP KORU WANT SPXL SPUU RXD INDL Strongest of our Individual Equities MDB NVDA META AMD CFLT MRVL AVGO HUBS EXAS BLDR GOOGL NOW SNPS MSFT CPRT NET AMZN NFLX ADBE LRCX TTD RCL SHOP PACB AKAM TTWO ORCL KLAC FSLY VRSK PANW WDAY ACN MU AMAT CRM AAPL VMC CDNS SPLK ASML UBER CCL MLM SNOW DVA CEG ANET DRI IT FTNT COF PTC FLT NTAP STZ MCK PWR MCO GRMN IPG ETN KEYS NWS SPGI ANSS STE CSCO CTAS MKC MPWR EFX TER
AMEX:IWMLong
by mbrannigan