iShares Russell 2000 Index Fund

  • TickerIWM
  • ISINUS4642876555
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

The major averages (S&P 500, Dow, and Nasdaq) are showing signs of stalling out, with all breaking below uptrends that began at the lows of March. While we do not want to get too far ahead of ourselves, this could very well be the beginning of the meaningful pullback that we have been concerned about. Price action today and in the coming week will help offer major clues as to whether this is yet another buying opportunity or a near-term top. We believe this is more likely to be the latter and would recommend treading lightly. · Key Levels. Not only did all the major averages break bel...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Despite Concerns, Tape Remains Bullish In our 4/6/20 ETF Pathfinder we highlighted key S&P 500 pivot levels which included support at 2447-2455 and resistance at 2538 & also the 2575-2642 zone. We noted eventual breakouts or breakdowns above or below these levels would tell us where equities were likely headed next. The S&P 500 broke above these resistance levels on April 6 meaning the bulls were in control and equities were headed higher -- which is where we continue to be today. Despite the bulls still being in control, we cannot rule out the potential for a pullback as there continues to be...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. Still, the Materials and Energy Secto...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Constructive Pullback Coronavirus concerns are hitting stocks due to prospects of lower economic growth. A question we ask ourselves is whether the worst of the declines are behind us and that the pullback is likely to be a buying opportunity, or is this the beginning of a much larger correction? We lean towards the former, and believe this to be a healthy and constructive pullback of the 5-7% variety in the S&P 500 (peak-to-trough is currently -3.7%). We explain our thought process below. • Bent, Not Broken. Several key areas of the market have deteriorated, however none are truly breaking ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Add Exposure to Small-Caps; Upgrading Health Care Bullish price and RS inflections for small-caps (IWM) is the latest positive development underpinning our belief that we are in the early stages of a broad-based market advance. • Small-Caps. The Russell 2000 (IWM) is decisively breaking topside $160 resistance and is making the long-awaited bullish RS reversal -- add exposure. Bullish price and RS inflections for small-caps helped ignite the broad market rally that began in early 2016, and we believe today's market is poised for a similar outcome... see chart below. • Health Care. We are up...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Despite Concerns, Tape Remains Bullish In our 4/6/20 ETF Pathfinder we highlighted key S&P 500 pivot levels which included support at 2447-2455 and resistance at 2538 & also the 2575-2642 zone. We noted eventual breakouts or breakdowns above or below these levels would tell us where equities were likely headed next. The S&P 500 broke above these resistance levels on April 6 meaning the bulls were in control and equities were headed higher -- which is where we continue to be today. Despite the bulls still being in control, we cannot rule out the potential for a pullback as there continues to be...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. Still, the Materials and Energy Secto...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Constructive Pullback Coronavirus concerns are hitting stocks due to prospects of lower economic growth. A question we ask ourselves is whether the worst of the declines are behind us and that the pullback is likely to be a buying opportunity, or is this the beginning of a much larger correction? We lean towards the former, and believe this to be a healthy and constructive pullback of the 5-7% variety in the S&P 500 (peak-to-trough is currently -3.7%). We explain our thought process below. • Bent, Not Broken. Several key areas of the market have deteriorated, however none are truly breaking ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Add Exposure to Small-Caps; Upgrading Health Care Bullish price and RS inflections for small-caps (IWM) is the latest positive development underpinning our belief that we are in the early stages of a broad-based market advance. • Small-Caps. The Russell 2000 (IWM) is decisively breaking topside $160 resistance and is making the long-awaited bullish RS reversal -- add exposure. Bullish price and RS inflections for small-caps helped ignite the broad market rally that began in early 2016, and we believe today's market is poised for a similar outcome... see chart below. • Health Care. We are up...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Industrials, Downgrading Defensives The current market scenario is not what we would consider “perfect” for a bull market, but it certainly has most of the necessary ingredients. Therefore, we continue to believe we are in the early stages of a broad-based advance. • Upgrading Industrials, Downgrading Defensives. Cyclical Sectors continue to show price and RS improvement while Defensive Sectors deteriorate, a favorable backdrop for a bull market. We are upgrading Industrials (XLI, RGI) to overweight due to bullish price and RS inflections, and we are downgrading Staples (XLP), Util...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

The major averages (S&P 500, Dow, and Nasdaq) are showing signs of stalling out, with all breaking below uptrends that began at the lows of March. While we do not want to get too far ahead of ourselves, this could very well be the beginning of the meaningful pullback that we have been concerned about. Price action today and in the coming week will help offer major clues as to whether this is yet another buying opportunity or a near-term top. We believe this is more likely to be the latter and would recommend treading lightly. · Key Levels. Not only did all the major averages break bel...

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