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IWC: Hold Current Gains

May 02, 2021 1:43 PM ETiShares Micro-Cap ETF (IWC)1 Comment
Hale Stewart profile picture
Hale Stewart
10.48K Followers

Summary

  • The macroeconomic backdrop is positive.
  • The IWM has performed well.
  • The index is currently consolidating.  Hold off on taking a new position.
Young business woman day trading from her dining room table
Photo by FatCamera/E+ via Getty Images

Whenever I look at an ETF that tracks a major index, I first look at the macroeconomic backdrop to determine if the economy is expanding or contracting. The former means the index is likely to rise; the latter means the index will probably

This article was written by

Hale Stewart profile picture
10.48K Followers
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

e
You follow stocks, emphasis on follow. And like any good tech analyst, you want to see evidence for any further trend changes. Great lessons, good analysis, good charts. Thank you.
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