The market is rallying off of very oversold conditions. A couple of ETFs of note that held up better than lots of the market are the Transports & the Russell 2000.
The transports have quickly recovered its 1 yr trendline w. the Indicators buried in oversold territory. Looks like a buy on a pullback at $77.5. I'm keeping it conservative with a stop at $76.35. If it can break the downtrend the target is $83.
UWM is the 2x for the Russell. It too held its trendline. $31 is the buy area with $29.95 the stop. This targets $36.5 if the downtrend line is broken.
The transports have quickly recovered its 1 yr trendline w. the Indicators buried in oversold territory. Looks like a buy on a pullback at $77.5. I'm keeping it conservative with a stop at $76.35. If it can break the downtrend the target is $83.
UWM is the 2x for the Russell. It too held its trendline. $31 is the buy area with $29.95 the stop. This targets $36.5 if the downtrend line is broken.
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