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IWM

The Russell Riddle: which chart is 2008? ($IWM W) For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of them wrong. The one that interests me is the possibility that our bias is more extreme when we have experienced (traded) the price history. In this case it means experiencing the climb from the October 2022 lows. The alternative is basing our bias on the price history in a chart but *without* experiencing the returns themselves. For example IWM's similar price action in 2008. Any difference in sentiment would be consistent with studies showing that decisions made from experience often diverge from those based on description.
AMEX:IWM
by gb50k
10
#IWM Russel 2000 looking technically bullishSome real meaningful progression for the bull case in US small cap stocks. 50 dma > 200dma Price has cleared the critical resistance level between 187-188. Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200. Chart is showing a clear formation of higher swing lows and higher highs. Hard to be bearish this chart. Opportunity here to buy the breakout with a relatively small stop as a close below 187.50 might put the bullish case on hold.
AMEX:IWMLong
by MarcoOlevano
Bunch of copy paste quotes on Fed Meeting, $DJI $NDX GREAT DAY!Apologize for the LATE post on this We posted this elsewhere, documented, and bringing it here ---- Yesterday So, #fed tomorrow....... We get 25, likely rally and fade next day or few days later We get 50, likely sell off decently & then rally This could reverse in one day or take week or more #FederalReserve meeting #stocks #crypto #inflation Done for today :) Good day overall ---- Early Today, after announcement- Was at least expecting a pop first before the fall Interesting day today Maybe we get the fall and then the rally... However how we end the day, the next day tends to be a reverse of some sort $DJI $NDX $SPX ---- After- For a second we though we were going to get put (sold a bunch of put options when $DJI was off 340 points and $NDX was closer to day lows) a ton of #stock ROFL Limits being filled, not being greedy #crypto green US #Dollar $DXY hitting lows (did say HISTORICALLY doesn't hold) - We've been cautious #BULL for a bit & we need 2b weary of EUPHORIA We're watching for that, IMPORTANT! $VIX @ bottom trend (we'll know VERY SOON what's up) #yield falling $TNX, 2yr not as much, hmmm #stocks huge turnaround #crypto as well What about volume? Soon ---- $NDX & $DJI BUY volume is still there but it's lowering #DJI looking GOOD atm $NDX NO slouch testing downtrend soon #markets ARE IRRATIONAL Look at volume, patterns & trend!!! ---- Recent Awesome #stock day today! Good for the week! Raised cash again for trading Have some longs still $DOW $META (taking some off here), $KHC $INTC $ATVI & some others BUT aggressive TRADING still 1/3 in bonds, expire soon, & cash for tomorrow & other days Done for day &👀direction --- Look at $RUT $IWM RISK is ON ON ON Has been on Volume is ok #stocks have been looking ok $DJI breaking symmetrical = continuation pattern Staying cautious BULL! More haters of rally = GOOD! Keep eye on EUPHORIA!
DJ:DJI
by ROYAL_OAK_INC
YOU need to see this now - THE DANGER LINEThis is a wave trend indicator on the S&P 500 index that is based on relative strength with straightforward oversold or overbought conditions. Relative strength is a measure of momentum where both speed (time) and magnitude (change) is measured and plotted with simple or weighted moving averages. What you are seeing above is a snapshot of a RSI/wave trend of the S&P 500 index based on monthly candles. Understand that it takes the measure of a month of time just to get a single plot of data and this particular snapshot represents over two decades. But right before your eyes are very clear trends. The data is just pure and simple math and math does not lie. Ignore the news. Follow price, volume, momentum.. just follow the data. I will try not to state my opinion too much.. and just follow the data. What I see on the chart is concerning. If this decline continues over the next month or two, momentum is going to accelerate and volatility go up while the market basically crashes... i.e. if the DANGER LINE is breached. I found it odd that volatility (VIX) has been quite docile considering the amount of downside we've seen in the indices this year. That is concerning. It is entirely possible that the September thru November monthly candles are positive and this trend finds support.. and the danger line is not breached. On the flipside, this decent can continue and really pick up speed and we see a 2000-2003 correction or 2007-2009. Here is an overlay snapshot with those corrections to similar scale. That is what could happen if the current trend continues.. we could see 12-24 months of recession and very steep drops and sharp bearish reversals. Be careful, manage risk, consider hedging certain positions, and know that you DO NOT know what is going to happen.
SP:SPX
by gghsusa
11
Market Breadth 2023-01-23The main focus is on setups and scan outcome, that will provide viable opportunities. Market Structure : Duration bearish market (stocks move in tandem, occasional oversold rallies). Primary Indicator : Green (bullish continuation and bearish reversals are favorable). Secondary Indicator : Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI: 67.70. MR10 : Bullish Continuation - Midpoint. SPY (30 MBC) - QQQ (51 MBC) - IWM (35 MBC) 20 percent study : +27/-6. Conclusion : Bullish expansion and acceleration in last session, which seems to indicate continuation. Move is not considered at the start, neither overextended as presented from MMFI and MR10. Will run 9 million and combination scan with a positive expectation. In terms of DT will be considerate at 30-45 min of open and observe whether momentum will accelerate or not; due to intact market theme and selective gaps.
AMEX:SPY
by Trader-Shah
RUT @ the gate of "Havens", if rejected only "Hell" is the ALT !Golden Cross vs. Death Cross: An Overview Technical analysis involves the use of statistical analysis to make trading decisions. Technical analysts use a ton of data, often in the form of charts, to analyze stocks and markets. At times, the trend lines on these charts curve and cross in ways that form shapes, often given funny names like "cup with handle," "head and shoulders," and "double top." Technical traders learn to recognize these common patterns and what they might portend for the future performance of a stock or market. A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average. KEY TAKEAWAYS A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market. Either crossover is considered more significant when accompanied by high trading volume. Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward. Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place.
AMEX:IWM
by samitrading
The Schindler ratio | Recession Proof Company listAMEX:SPY The Schindler ratio measures the company's ability to withstand economic recessions. It is calculated by dividing the company's debt-to-GDP ratio by the median debt-to-GDP ratio for the industry in the intermediate future. The Schindler ratio is an essential metric for investors, as higher ratios indicate a more extraordinary ability for the company to withstand economic downturns. Studies have shown that companies with higher Schindler ratios tend to be more recession-proof than those with lower ratios. For example, in the aftermath of the Great Recession, Catlin Group, a UK-based insurer, had a Schindler ratio of 1.07, indicating that it was more likely to survive the recession than its competitors. The Schindler ratio can also be used to compare the relative recession-proofing of different industries. For example, in a recent study, economists found that the Schindler ratio for the insurance industry was 0.909, meaning that it was less recession-proof than the retail industry, which had a ratio of 0.879. Furthermore, the study found that the Schindler ratio was lower at the tenth quantile than at the median, indicating that the recession-proofing of the industry was more pronounced at the higher distribution levels. In conclusion, the Schindler ratio is a valuable metric for investors to consider when assessing a company's resilience in the face of an economic recession. Companies with higher Schindler ratios tend to be more recession-proof than those with lower ratios. The Schindler ratio can also be used to compare the relative recession-proofing of different industries. Here is list of the best recession-proof companies based on the ratio: Berkshire Hathaway JP Morgan Chase Apple Amazon Microsoft Google Johnson & Johnson Wells Fargo Procter & Gamble Wal Mart Visa ExxonMobil Bank of America Pfizer Chevron Comcast Intel UnitedHealth Group Coca-Cola Home Depot Merck Goldman Sachs CVS Health AT&T Walgreens McDonalds Oracle JPMorgan Chase Starbucks Lockheed Martin United Technologies American Express Boeing General Electric Abbott Laboratories IBM CitiGroup Honda Motor Honeywell International Lowe's Novartis 3M Honda
AMEX:SPY
by shkspr
$SPY / $SPX Head and Shoulders Pattern (H&S)?Looks to me that the $SPY could be in the process of forming a H&S Pattern on the weekly chart. I’ve drawn in 2 necklines which can also be called Lines of Resistance. For now, I have an alert set at the more aggressive downtrend line. However, it would not really confirm the pattern until it is decisively above the more traditional Neckline. I did another post regarding $SPY and stated that it would make a good case for the bottom is in if we can get over and stay over 410. (Link below). My posts are not meant to be trade recommendations. I may or may not take trades I post. If you use any of my ideas, please make them your own to fit with your trading plan(s).
AMEX:SPYLong
by jaxdog
4
Opening (IRA): IWM Feb/March 156/150 Short Put LadderComments: Added rungs in IWM on weakness, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. I'm doing things a little differently than last year, where I basically sold the 45 DTE weeklies (assuming they were paying around 1% of the strike price in credit), but constantly had a lot of idle buying power, which is not the "maximal deployment" I was really shooting for, so am fiddling with doing things this way instead. Doing only two rungs here, since the <16 delta strike in January isn't paying 1%, and there isn't an April yet. February 17th 156 Short Put: 1.66 credit March 17th 150 Short Put: 1.77 credit
AMEX:IWMLong
by NaughtyPines
1