What is wrong with the Russell 2000?
Over the weekend, I updated the ytd returns on a variety of indexes from equities, bonds, currencies, commodities and sectors. What struck me as odd was the the leading equity index was ….
The Russell 2000 or IWM which is the ETF that tracks the returns of the Russell 2000. It was up 17% for the year yet there has been no advance since mid February? Which is fantastic from a trading perspective. Why?
It tells me that IWM is either going to breakout above or below its current level. This makes it a great trade to be long or short. If you want us to do the work on this trade idea, then go to www.optionsindextrader.com and sign up for a free trial as I will be putting on a trade soon in IWM and already have a put trade underway in the S&P 500.