retrobeast

Weekly ETF Rewind: Some Looking Short Term Overbought

With the Fed the only thing holding this market up by pumping money into the banks, it is only a matter of days or weeks that this house of cards will crumble.
Look at IWM and SPY. Both of their weekly Stochs are rolling over. When IWM hits 68 you will see the small caps go down big.
If you are looking for a good ETF to make a killing in then I suggest
TZA which runs against the IWM (Russell Index).
Thank you and good luck.