ISHARES Russell 2000 ETF (NYSE: IWM) Still Risky Says Market Timer Frank Kollar
July 14, 2010 (FinancialWire) (By Frank Kollar)
Shares of the ISHARES Russell 2000 Index Fund ETF (NYSE:
IWM) rose 3.1% in Tuesday’s July 13 stock market
rally.
This was an excellent performance but we have concerns
about this widely traded small cap ETF.
In trading on Monday, July 12, the stock market rose with
a gain for the S&P 500 Index and Dow Industrials as
well as the Nasdaq Composite, but IWM declined 1.1 %.
Through the preceding correction, when IWM lost over 20%,
to the current rally; IWM is underperforming.
IWM remains beneath its 50-day moving average and just
crossed above its 200-day moving average on Tuesday, July
12.
No rally lasts forever and when this current run ends,
the underperforming IWM will likely drop faster and further
than the broad market.
The Fibtimer.com (http://www.fibtimer.com)
ETF Timing Strategy holds a position in ISHARES Russell
2000.
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.
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.
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for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
