04/03 – 04/07 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 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 $132.40.As long as IWM hold below $138.73, stay bearish and watch for follow through to clear $132.40 trading weak stocks . If bulls build up power and broke $138.73 i will avoid small caps.

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.

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.

 

03/13 – 03/17 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) last week when we broke and hold below 137.20.  The prior pivots for trading this week is $137.20 and $134.85.  As long as IWM hold  below $137.20, stay bearish and watch for follow through to clear $134.85 and after $133.20. If bulls build up power and broke $137.20, see if they hold and watch for follow through to $140.30 .

03/06 – 03/10 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 . The prior pivots for trading this week is $137.20 and $140.86 which are also the highs and lows on weekly chart of the last week.  As long as IWM hold $137.20, stay bullish and watch for follow through to clear $140.86 level. If bears build up power and broke $137.20, see if they hold and watch for follow through to $133.20 level.

 

02/27 – 03/03 Russell 2000

iwm-25-02

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election . The prior pivots for trading this week is $137.20 and $140.32 which are also the highs and lows on weekly chart of the last week.  As long as IWM hold $137.20, stay bullish and watch for follow through to clear $140.32 level. If bears build up power and broke $137.20, see if they hold and watch for follow through to $133.20 level.