Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

IWM: Possible Reverse Divergence

Published 04/12/2014, 11:43 PM
Updated 07/09/2023, 06:31 AM

DIA (DIDA.MADRID): DIA closed just above 16k on the week.  Difficult to tell what it may do from here.  Either way, the daily isn't quite set up to buy at this point.

DIA Daily Chart

iShares Russell 2000 Index (ARCA:IWM): May be setting up a reverse (buy) divergence on the weekly.  Would be waiting for the daily FL>SL to take place
IWM Daily Chart

PowerShares QQQ (NASDAQ:QQQ): Rounding top pattern with approximately a $7 measured move.  Weekly downside momentum being the strongest since November 2012.  Would like to see a daily 3d setup before buying.
QQQ Daily Chart

iShares Nasdaq Biotech (NASDAQ:IBB): Registering the strongest negative momentum ever.  While the trend is still intact, these momentum pushes can be difficult to completely recover from.  Though the daily is showing signs of waning momentum.  The fast line turning positive may be worth trying to buy.
IBB Daily Chart
 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.