05/19 – ETF Trading – IWM, UWM

Good morning. More stock selling in Asia and Europe overnight. Expect it to carry over to the US today.

Put IWM on your etf watch list. Take an initial position should this etf close lower today. IWM has closed lower for 3 out of the last 4 days, and looks ready for a rebound. For a leveraged trade, consider UWM. We’ll take up to 3 etf trading positions.

IWM – The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.

UWM – ProShares Ultra Russell2000 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Russell 2000® Index.

All etf trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

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