The Russell 2000 has long been the laggard when it comes to stock market indexes. However, that has changed in recent days with it surging. Today alone, the Russell 2000 is up almost 4% while the S&P 500 and NASDAQ 100 are just up a little over 1%. Based on technical signals, the Russell may remain stronger than the other indexes for the near-term. The Russell 2000 price target as shown on the IWM (Russell ETF) below in the chart is $144.00. The current price is $127.35.
This is what is known as a catch-up trade. Please keep in mind, the markets are on thin ice. I am not one to buy the Russell 2000 ETF (IWM), instead I am looking to patiently wait to short the Russell 2000 price target of $144.00.
A net gain of 803.33% through April 27th, 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets whip due to the COVID-19, swing trading technical chart setups using the PPT Methodology is easy and insanely profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!