IWM is breaking down, Betting short

13 нояб. 2014 г.

Currently the market is overbought and there few good deals left. The IWM is starting its long fall. I am betting that it will fall to 110.50 with a stop at 119.90. Generally speaking the volume is so low now because no one wants to buy at this level. The technicals look very grim for IWM. Most stocks are priced higher than what they will probably earn over the next 20 years. That is way too expensive. The market needs a significant pullback so good companies can be attractive to invest in again. Risk to reward is favorable for shorting currently.