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The Russell 2000 tracking stock IWM sliced right thru that 64.50 level yesterday. It (and the other indices) gapped up this morning and has traded sideways all day.
I finally got a Stoch sell signal on 30′ and 65′ charts for IWM and SPY, and have shorted both.
The A/D Line just broke the lows of the […]

I’ve mentioned before how I dislike holding a stock thru its quarterly earnings report, and am generally pretty good about adhering to that rule. My philosophy on this issue stems from religiously reading Rev Shark’s trading diary on RealMoney.com during my early trading days.
The good reverend and I share several beliefs:
1. that non-insiders […]

IWM, the Russell 2000 smallcap index tracking stock, is giving the $64.50 area another upside try after failing at that level last week. The blue horizontal line that I drew on the chart at $64.50 shows that level to have been support for this market in August & September. Odds are this level will prove […]

I mentioned in early October that I liked the chart of WVVI.. a winery stock with a tiny $20 million market cap.
The price action has been textbook.. Rally, pullback/chop for several weeks, then Up again. But the thing is so low-priced and trades so thinly that my bidding in the 4.50 range only picked […]