Speculative Low Priced Stocks Begin To Sharply Roll OverWell today it finally happened .
The Russell 2000 has had a second consecutive day of heaving selling,
which has in turn has broke down the pattern
causing new and significant technical damage.
RUT is home of all those small stocks, 2000 in number ,
including penny stock where rife speculation has taken hold in the last 6 weeks
and the index that has lead the rally, seems suddenly to be almost down for the count,
The Russell 2000 right now is the absolutely weakest index group
so it;s poor relative strength makes it notable.
So where does this now leave the penny stocks ?
The craze, the mania it's in the penny stocks.
I know first hand that trading penny stocks is such a guilty pleasure.
Sometimes it feels like you;re robbing the bank, the money comes to you very easily,
and the trading is really not that difficult at all., compared to the other major indices .
I will simply end by saying, trading these kinds of penny stocks in the Russell 2000
, it becomes something you want do and do over and over again And It becomes obsessive
Lets hope that this part of the market, with its speculation,can recover soon and prices turn around, and start to rise once again.
I want to go back for a second plate. of the Russell 2000 soon" Im hungry,, and food there is very satisfying.
You will not be disappointed if you give it a try yourself.
Have some fun= Buy the Russell 2000 Index, after the correction. is over.
I'm sure that will be glad you did.
THE_UNWIND'
6/10/20
NEW YORK..
