Swing long IWM 175.26Daily stoch heading up also making higher lows Vol stink tight trailing stop Weekly on bottom sideways target is 185Longby john12Updated 1
Rolled: IWM June 17th 165/200 Short Strangle to July 1st 158/194... for a .90 credit. Comments: Locking in some realized gain here on this little bounce, recentering side risk, and receiving a credit all at the same time. I rolled both sides to the 16 delta strikes, so that the position is back to delta neutral. Total credits received of 4.69, relative to a current short strangle price for the July 1st 158/194 of 3.28, so I'm up 1.41 ($141) on the position.by NaughtyPines225
Another Straight Forward Trade DIA and IWM are both pretty under-rated stocks to day trade. IWM is actually slightly better than DIA because it has similar options liquidity and expiries to SPY. IWM is set up really nicely for either a swing short or intra-day short plays. We have IWM confined to a downtrend for the past little while. And while SPY and DIA were somewhat able to break out of their downtrend, only to come crashing back down today, IWM has pretty much remained within this channel. On the 1 hour we see it set up pretty nicely. We also see a nice little bear flag. I mean this doesn't need much more analysis, its pretty straight forward. Based on math projections, we can expect to break at least to but likely below 173.75 tomorrow. If you want to swing for a bit of a larger gain, I would actually say IWM is set up okay for that as well. Conservatively I would set your first target to 170. Just my thoughts and what I'm seeing! Trade safe everyone! Shortby SteverstevesUpdated 111115
Opening (IRA): IWM July 1st 154 Short Put... for a 1.64 credit. Comments: Keeping on keeping on ... . I don't have much IWM on, so am selling something new in the July 1st expiry, targeting the <16 delta strike that is paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPines3
Rolling (IRA): IWM May 27th 183 Short Put to July 1st 179... for a 1.72 credit. Comments: Staying mechanical and rolling to the strike nearest 45 days until expiry for a credit that is about 1% of the strike price. Total credits collected of 8.54. Although it's in-the-money, my cost basis is now the short put strike (179) minus total credits collected (8.54) or 170.46 relative to where it's currently trading at 176.40.Longby NaughtyPines2
Rolled: IWM June 17th 210 Short Call to 200 ... for a .56 credit. Comments: Although the 165 hasn't been tested, the 210 is converging on worthless, so rolled it down a smidge. Total credits collected of 3.79.by NaughtyPines334
IWM - P5 arrived? If so, we bounce!The #IWM has traded in a wonderful way. Watch how the #Medianlines , the whole #Pitchfork provided support, resistance and - if you know the rules, how they could be applied to make some $s. However, we arrived on the P5, which is potentially morphing to P0 for the next move to the upside. Alltough I personally don't believe it because of this market environment, chances are high. ...can you hear the emotions nagging on me to un-follow the rules? §8-) If we open next week below the L-MLH, we would trade further down to the WL (Warning Line). As far as my trades are designed, I risk tiny and try to let them run by following the rules and Money-Managent. #iwm #medianline Longby Tr8dingN3rdUpdated 3
IWM - Russel's next haltGiven the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO. The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not. If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.Shortby Tr8dingN3rdUpdated 0
$IWM Russel 2000 holding key levelFeb 2020 resistance highs which preceded the March covid crash seems to have turned into support for now. Change of polarity or too early too call? We have also reversed and turned above the 200dma Interesting technical level to monitorLongby MarcoOlevano1
Small Caps are dirt cheapThese types of mean reversion trades can be very strong because capital likes to move back and forth between sectors in a cyclical way. It seems like the current trend is to sell off small caps to buy large caps, but it could easily be that the trend in 2023 shifts back to selling large caps and buying small caps, so it makes more sense to have higher exposure to small caps.Longby bowtrix3
IWMBottom in? Or is there more downside? Post your comments here. Let's discuss.Long05:40by Big_Mike7162
Consumer Sentiment, Inflation and Market CrashWhat is the UMCSI Showing to us? The US economy is deteriorating further. After the Virus the sentiment recovered slowly and peaked with Biden taking office in expectations of better times ahead. At the same time inflation kicked in due to massive overspending. Inflation is always a monetary problem of too much money in circulation. Even fiscal policies (“Free money” programs) are rooted in monetary policies. If the government ask for money nobody has at hand, the FEDS issue debt and create the liquidity needed to pay for those programs. This is important to understand. They create money out of free air. Follow GDP NOW from the Atlanta Feds and we will see how growth is constantly fading away. Will we have a second quarter in the red? GDP Outlook. The UMCSI is at its lowest level since the virus was released, which was the lowest ever since, even under Bush, Obama and Trump. We also had the first Quarter of the GDP coming in negative this year. Two in a row makes it officially a recession. And Stocks? We also see that the S&P 500, NASDAQ, Russel 2000 are about to hit 20% below the most recent high. A 20% correction will be seen as a recession in the broad market. Why? Because earnings of the underlaying companies will come in lower than they used to do. Also, the higher the stock price gets the more is expected for their growth. Relatively to their value the stock has to grow more to produce the same ROC. Otherwise the EPS (Earnings Per Share) will slump and investors will look for other opportunities. This makes the stock market less attractive the more it grows. Other investments are also less risky. And, i.e., about 50% of the IWM, Russel 2000, cannot serve their debts!! The Party is over my Friends. Follow me on Twitter, this post with images is pinned for a while!Shortby Option_Crusader1
IWMSmall caps looking pretty bottomed here IMO. Let's see with NQ bouncing off 200 weekly EMA & SP500 looking ready to push of the 3850 lvl wall street may want some extra risky trading till EOY.Longby Big_Mike7160
IWM correction in progress ...entering B wave ? probably soon ... if so this would be a possible roadmap for the next couple of years Shortby ibra841
IWM Update: 15 MayThe Russell has rallied higher in the last two sessions. In this video I take a look at two Elliott wave counts to determine if the correction is complete - or if we should expect further selloffs.Short04:38by UnknownUnicorn122503172
Long Term ResistanceWill the break out ensue? Or will we see March 2020 lows? Looks frothy. Shortby tosborn123Updated 0
Russel/m2 rangeRussel/m2 range: Does IWM even grow? djiwjdiwjdiwjdijwidjwidjwidjiwjdiwjdiwjdi by mcbridei0
Small caps need to lead in order to confirm the bottomThe small caps are a great barometer of the overall investors' risk appetite. Yesterday's reversal is the first bullish sign. A session above yesterday's high and its 8EMA around $178.5 would confirm the trend change. Longby Eclubtrading0
I hope everyone is making good money on the crashing marketsThe markets are crashing and I predicted this like so many others 6-9 months ago. We finally reached the edge of the Bear Market. The Ape Army disappeared and lost all their gains. Congratulations, Going to the moon Bro! I stick with IWM the Russel 2000. Target 150 or even 120 by end of year. Inflation will eat the economy and selling assets by the FEDs will bring bond price down, yield up and the stock market will follow. USD will gain value since imports will increase. China at the bring of a collapse as well. Buying Puts in the IWM for now the way to go, or selling Call Credit Spreads. 50% of the IWM underlaying companies cannot serve their loans. IWM will fall first and deep, Then the NASDAQ, QQQ. Then SPY. Where is the Ape Army?? by Option_Crusader0
Head and ShouldersIWM appears to have broken the neckline of a head and shoulders pattern, consolidated in a horizontal trading range, or a rectangle, and has broken the support line of the rectangle. Massive negative crossover of the longer term moving averages at about the same time price broke the neckline. On the Cloud, below, the Tenken crossed through the Kijun at the same time. This is almost a "reverse" of a Parabolic Arc but to the downside as the candles are almost straight down. It would seem selling pressure would ease soon, but the market seems to be in panic mode. I figured out a long time ago that Mr. Market does not do what I tell him to do )o: Price is under the Bollinger bands set on 80 showing an extreme oversold condition. RSI is also oversold. These conditions can go on for extended periods of time. I scanned the chart and there are no rising wedges left in this chart to be broken. The ones that existed have already corrected. This chart is not trading like QQQ and SPY which are very similar to each other. I am assuming this will go down with the others though, so I will mark short but maybe a bounce very soon. No recommendation I doubt our prior president is enjoying this, but he may be saying "I told you so". I do not think Xiden cares and his group probably sold out a while back. Shortby lauralea221
Rolling (IRA): IWM May 20th 180 Short Put to June 17th 179... for a 1.86 credit. Comments: Not getting much strike improvement here, but collected 1% of the strike price in credit. Total credits collected of 1.90 (See Post Below) plus the 1.86 here, for a total of 3.76.Longby NaughtyPines0
triple bottom playI bought a lot of small caps. I think this triple bottom play is going to pay off. Bought strong companies like NFLX.Longby MechanicalEngineerTrader2