IWM trade ideas
I wouldn't be that shortHere is another view of the small caps index. I posted previously a big drop (see my related ideas lines below) however there is this uptrend that need to be broken to finally say that we are in a bear market. At this moment the market is still deciding where to go. I personally prefer to buy stocks with great potential to the upside instead of shorting. I made more money buying and hold that shorting.
Opening (IRA): IWM Jan/Feb/March 169/160/155 Short PutComments: Laddering out here on weakness ... .
January 20th 169: 1.75 credit.
February 17th 160: 1.68 credit.
March 17th 155: 1.89 credit.
The weakness isn't "ideal" here, but I am relatively flat, so need to get theta out there and grinding. Will look to add at intervals over time.
$IWM Daily Chart GOLDEN CROSSPotential Golden Cross incoming which can provide some drastic movement to the upside. Golden Cross is when 50 day (blue) MA crosses over 200 day MA (orange) for any new traders. Higher probability when using higher time frames like the daily, weekly or monthly chart. The higher the time frame, the stronger the signal IMO
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
IWM 30m Hagopian GapAMEX:IWM
Hagopian's Law: When price reverses before reaching the Median Line or MLH (parallel), or extension; you can expect that the reversal will be larger than the preceding move towards the Median Line.
AKA price will exit the fork.
Short IWM , target the trigger line.
Fat_Fat
IWM $164P 1/20/23We had a double top $189 and a hard rejection I noticed that greed was really heavy around that area. Then we broke and retested the $176 area. Seeing how we've got a ton of 200 MA's above us, I would enter here and if we come back to $176, average into the position. I've had numerous bearish signals over the last month and I'm pretty confident about this position. I set my TP at $164 because, last time we were at those levels we had a lot of fear in the market. Also on June 15th 2022 and October 12th 2020 we saw violent reactions to this level. I'd rather claim my gains than to fight support.
Follow me to keep up with my calls I'll try to make sure post at least once per week.
Leave a comment if you have a specific ticker you'd like me to analyze. AMEX:IWM
IWM/SHY Smalls Caps divided by short term bondsThis chart has timed the market rallies and resistances with impeccable accuracy since the top was put in November of 2021. It is foundational to my daily trend review process. The ratio has been on a weekly sell signal and trend without any technical reversals. Consider ratio charts as hard data and much more reliable than financial pundits who say the "bottom is in" every time we hit a new low then bounce for 2-3 months.
IWM SHORTHello guys, I share my next trade idea, the price has made a double ceiling at the price of 188.00, at this moment it has broken the green trend line and has broken the base of the double ceiling, we will seek to enter short, looking for the projection according to the distance from the base to the tip of both roofs.
Russel 2000 Bear Market?It seems by all indications that we are heading into a bear market. With raising interest rates, tapering, and shrinking of balance sheets, we will see the Russel take at least a 20% tumble from the current price. The 100MA puts the Russel 2000 at around 1400, and further down on 200MA. A couple of key points:
Only 40% of Russel 2000 are above 50-Day MA.
Only 45% of Russel 2000 are above 50-Day MA.
MACD is crossed and looks bearish.
Fed slowing down its QE.
I was a bit curious why the Russel 2000 took a dip in 2018-2019 with the economy doing so well then. The one thing that I could overlay to make some sense to it was the Federal Funds Rate went up to 2.42%
Even mainstream investors like Jon Najarian has taken short positions in the IWM for February. The economics speak it, the Fed speaks it, the indicators speak it, and now even mainstream economists are accepting there is some market shaking coming.
Short IWM 199.21 into that 200 day MAlook daily stoch rolling over. Look how we hit 200 day and stopped and broke down thru 100 day BEARISH.
look vol selling not bad.
look weekly stoch start roll over in time almost their.
I believe this is the next leg down to test lows and break them.
Long term short.
look over all pattern still down.
these bear market rally can be brutal only to fake u out and reverse
many think bottoms in I don't think so charts so lower