Trade Alert – Both Models
This morning, we added 1.5% of the Russell 2000-Mid/Small Cap Index (IWM) to both models. The Russell is starting to show signs of strength, having greatly lagged the S&P and Nasdaq. If this market keeps increasing and breadth improves, IWM will likely outperform the other indexes. On a monthly basis, we are getting a good buy signal but could see a pullback in the very short term. Our plan is to add on the pullbacks.
Both Models
- Initiate a 1.5% position of the portfolio in the iShares Russell 2000 Mid/Small Cap Index ETF (IWM)
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Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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