03/27 – 03/31 Russell 2000

IWMD1

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election with second lower low(LL) previous week when we broke 135, also deserve to mention that IWM is the only who make a series of 2 consecutive LL while all market make only one, knowing this we can assume that this sector is the weakest.  The prior pivots for trading this week are $138.73 and $132.78.As long as IWM hold below $138.73, stay bearish and watch for follow through to clear $132.78 trading weak stocks, but be patient if we will go below 132.78 because we enter oversold area and we may need more time for rest . If bulls build up power and broke $138.73 i will avoid small caps.

Strong stocks : 

AMD, CC, OLN, COHR, WGL, CAVM, SAIC.

Weak stocks : 

TSRO, EXEL, OZRK, PB, WBS, XPO, CW, SLCA, PDCE, TEN, IBKC.

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