Article By:
Paul Schatz
Friday, May 3, 2024 11:15 AM EDT
What a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline. It seems that my previous comment about buying weakness and selling strength was a valid one.
Candlestick Patterns 101: Bullish Breakaway
Same pattern on $IWM.
Market Shakeup Suggests Small Caps, Value Stocks Back In Favor
If you look at the $IWM, it is clearly breaking down. Not sure where you are seeing the love. Perhaps with other small cap ETFs?