IWM is Actually Slightly Oversold this Morning
With implied volatility quietly rising the past few days, along with the small pullback in the small-cap stocks, IWM is actually slightly oversold this morning. Because ranges are so tight, it’s only takes small movements to make markets short-term oversold and this occurs when shorter-term volatility gets very quiet as it has been the last week. Continue to use any pullbacks in the major US indexes as opportunities to buy.
Today’s Potential Opportunities on Further Pullbacks:
ETFs: IWM