Thursday, November 21, 2013

IWM Update

I know a lot of you have asked about the IWM, today is a perfect example of why I warn you of accumulation on a day like Tuesday, it's 1-day so that makes it useful for an IWM short, but it doesn't change trend expectations.

In any case, IWM is starting to show some cracks.

I'm very happy to see PCLN is pinned and not following along.

I'll have IWM and market charts out ASAP, I would probably consider IWM in this area although I'd like to have a little more of a mature signal.

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