03/20 – 03/24 Russell 2000

IWM

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election with first lower low(LL) previous week when we broke 137.20.  The prior pivots for trading this week is $140.86 and $134.80.  I think that we may need more time to rest here . Anyway, in case if bulls broke above $140.86 try to play this trading strong stocks but be patient as we enter overbought area.In case if we broke $134.80 see if bears will hold below and watch for follow through to $133.30 and after to $130.50 trading weak stocks.

Strong stocks :

VIAV, IMMU, NRZ, STL, OLN, SFR, COHR, CC, RSG, AF, KITE, KBH, AVXS, CLVS, GBT, ILG, ENTG, HRG, LITE, LPX, A, PEN, AJRD, TMHC, FIVN, AZPN, AAOI, RESI, GEO, PTLA.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s