IWM now below the 10 and 50 MA..... Is a bounce coming? We shall see......
For those that use sentiment......
A data point that should not have been ignored..... Link below.....
Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER*
If you chased small caps into month end and didn't sell.
Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER* The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks
Edited by robo, 01 May 2020 - 12:00 PM.
