Who's your "Stock Daddy"?? Russell

Believe it or not the Russell 2000 ticker symbol RUT is now the market leader. In the past 7 trading days days alone the ETF that follows that IWM is up over 12%. Yes I said 12% in only 7 days on a Index ETF. Remember “Wayne’s World?” Wayne and Garth back and forth “We’re not worthy, we’re not worthy” That has to be how big tech is feeling at the moment. And once again, congrats to the DOW, new all time high. #Again

This sudden rotation into the Russell 2000 could hold some weight. If you look at a 4 year chart of IWM with weekly bars you can clearly see a giant Cup w Handle formation coming to life. One would expect with this kind of action for the 50 day SMA to be up above the 200 but with all of the recent volatility the 50 is just now catching back up. A retracement back to either of those 2 and the Russell ETF could offer a good entry point as you can see it loves to bounce off of both of them, especially the 200 which is in green.

It’s only Tuesday afternoon, the stocks we mentioned on Sunday night here at investingwithfaith.com for our Watch List are having a great week so far. Over the last 2 trading days all are up, AGM 17%, HD 9%, IJR 11% and WM is up over 6%. We are big fans of keeping Watch Lists around here, and of the stock market in general. Some say the harder they work the luckier they get. And the prudent all agree that “Success is when preparation meets opportunity” The Russell and the other indexes have been preparing themselves for a while, have you?

Invest wisely, live charitably and be well

Brother Bill