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IWM: Finally Close To Breaking Out (Technically Speaking For 11/2)

Nov. 02, 2021 7:08 PM ETiShares Russell 2000 ETF (IWM)QQQ, DIA, SPY2 Comments
Hale Stewart profile picture
Hale Stewart


  • Bloomberg's new supply-chain statistics shows a very strained system.
  • Median CPI isn't as bad as you'd think.
  • The IWM is very close to breaking out.

Black Bull and Bear

peterschreiber.media/iStock via Getty Images

Bloomberg economics has created a supply-chain measurement:

The measures are based on a range of data, from factory gate prices to the ratio of inventory-to-sales for retailers, and the backlog of orders for service-sector firms. Readings of zero

This article was written by

Hale Stewart profile picture
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 stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such 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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