IWM looks quite bullish on weekly and daily time frames but the recovery has been choppy and slow.
Moderately bullish, questions continue to be raised despite the advance on Tuesday
Strategy plays remarkably well since the end of 2018 beating ETF buy and hold by over 60%.
Assessing the rate of change strategy, testing with Excel
62 Active Stocks, 6 Buy signals produced on April 18. 4 seven day or longer buy signals
New strategy, market still neutral daily, bullish weekly.
Overall Market outlook is neutral, IWM and VTI daily candles changed to white
XLB charts are quite bullish, long term outlook looks good to clear resistance around 61 but this doesn't look like the optimum time to buy
Strongest sector at the moment, price target of 125, buy on pullback.
Market still bullish with the exception of XBI and XLV. Seasonality is a positive. Some technical deterioration is a concern.