Russell 2000 Index Tracking ETF

QQQ, SPY & IWM Analysis

Nov 15th: "Should IWM break out, the first targets & likely stopping points for any rally would be 147.43 then 148.37 (first two horizontal lines overhead)." Yesterday, IWM hits a high of 148.40 before reversing into the close. Should yesterday's highs not prove to be the end point for the bullish falling wedge rally, the [...]

Nov 17, 2017 9:12am|Categories: Equity Market Analysis|Tags: , , , , , |1 Comment

IWM Wedge Breakout + QQQ Update

IWM broke out of the 60-min bullish falling wedge posted yesterday (first chart below), popping right up to & slightly exceeding the first target of 147.43 so far. Should IWM pullback from here, printing a 60-minute close back on or below 147.43, that would most likely entail QQQ moving back down to or below the [...]

Nov 16, 2017 10:56am|Categories: Equity Market Analysis|Tags: , |1 Comment

Stock Market & Sector Analysis (video)

Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook [...]