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IWM

Dow Jones - DIA DJIBoy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic. Logically, markets can and should ignore all TA when an economy is hurting significantly. There isn't a bright spot in the economic data. The consumer is badly beaten and barely holding on. Discretionary spending, credit card debt, personal debt, consumer sentiment, and consumer confidence show us that the average American is at their limit for what they can spend and do. A new study showed that 1 in 4 Americans are skipping Thanksgiving Dinner altogether because of the costs. Keep in mind the collapsing retail, collapsing freight by sea, and now the threat of rail strikes in December which is quickly becoming a reality. This of course is one of countless statistics that show the pain of average American. Other statistics show savings rates have plummeted and credit card debt is at record levels as people's pay-checks are no longer covering their expenditures. We've about peaked in this market, looking at a double top from August 2022.. but again, TA doesn't matter as it did before. MACD and RSI have PLENTY of room on the downside. Look at the economic data, even the TA for the short term and position accordingly. This chart can and will most likely reflect majority of stocks from S&P, Nasdaq, QQQ, SPY, IWM or Russell 2000.
AMEX:DIAShort
by WorldEconomics
8
$ARKK Wedging$ARKK seems to be a barometer for risk-on risk-off in this market. A month ago, I was looking at the re-test of the 30 Week MA (white line) then the break back above the flat line of resistance to be a long signal. (I took the trade long only to be stopped out 3 days later.) That turned out to be a false breakout. We are now in a downward consolidation pattern that could break either way. I have alerts set at both sloping trendlines and I’ll look at taking a trade either long or short depending on the direction of the break. If going short, I’ll likely use $SARK an inverse ETF for the ARKK fund. I will also be looking for other longs or shorts in the market once ARKK breaks either way. Ideas, not investing / trading advice.
AMEX:ARKK
by jaxdog
QQQ Bullish Bias Continuation LONGQQQ has weathered federal action and the banking meltdown quite well. It has trended upward from a double-bottom pivot March 1 to March 13. The MACD has held steady without any bearish divergence from price action. Sell order blocks are lurking at 325. QQQ is trending above its anchored VWAP showing that buying pressure exceeds selling pressure. I will trade the QQQ with call options in TQQQ expiring Friday April 6th. Getting several of them will allow for partial position closures as the call values rise as a form of risk management.
NASDAQ:QQQLong
by AwesomeAvani
IWM Russell 2000 RUT affected by the SIVB collapse! Puts to buy!After the last RUT Russell 2000 Price Target was Perfectly reached: Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse. Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences for the startup and tech sectors. Silicon Valley Bank did business with FTX, plus many other formerly overvalued tech companies. With $210 billion in assets, $SIBV was the 15th largest bank in the US in terms of deposits. IWM puts considering buying: 2023-4-21 expiration date $169 Strike Price $3.65 Premium Looking forward to read your opinion about it!
AMEX:IWMShort
by TopgOptions
2
Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00
AMEX:IWMShort
by MrALtrades00