Commentary

3/25/21 Current Signals xMM

IWM has been quite weak for the last few days. All three of the big guys are sitting near support areas which seem to have good chances for failing. If IWM moves sharply below 204 a dreaded megaphone pattern will emerge.

Anyone buying LABU in early February to get enough money to buy a new S Class in April had their hopes dashed by early March. Probably not even James Bond could have bought the Mar 5 low at 70.33, which held for less than 3 weeks.

All in all though, things don’t seem that bad, there has been a lot time to adjust portfolio sizes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s