Is Strength In Ishares Russell 2000 (AMEX: IWM) Predicting A Rally? Asks Market Timer Frank Kollar.
January 31, 2006 (FinancialWire) (By Frank Kollar)
Shares of exchange-traded fund Ishares Russell 2000 (AMEX: IWM) are showing strength even while the rest of the stock market is moving mostly sideways. The Russell 2000 Index (RUT) and Ishares Russell 2000 have been weak for months, trailing the S&P 500 Index (SPX) and even the Nasdaq Composite Index (COMPQ) which itself was lagging.
But the last several days have seen Ishares Russell 2000 push higher and they are now just a fraction from new 2007 highs as well as new rally highs at $79.38. Watch for a solid close above this level. A breakout in small caps could be the lightning rod for starting the next leg up in the stock market.
Current top holdings in Ishares Russell 2000 are, Plains Exploration & Production Company (NYSE: PXP), Joy Global Inc (NASDAQ: JOYG) and Crown Holdings (NYSE: CCK). Fibtimer.com (http://www.fibtimer.com) also holds a position in Ishares Russell 2000 in its ETF Timer Portfolio.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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