ORIONS Money Stocks

[rayank]

Small Cap Stocks: "Russell 2000 - The iShares Russell 2000 Index (IWM) tested its 20-day EMA last week before decisively moving above the 38.2% Fibonacci retracement resistance at $109.86.

The quarterly pivot is at $112.95 and a close back above it would be positive. The daily downtrend, line e, is now at $115.

The Russell 2000 A/D has continued to improve as it is well above its WMA and getting closer to its longer-term downtrend, line f.

The daily OBV closed above its downtrend, line g, on Friday, which is an encouraging sign. The WMA is now clearly rising, consistent with a new uptrend.

There is initial support at $109.25 and the rising 20-day EMA. There is more important support in the $107-$107.50 area".

http://www.forbes.com/sites/tomaspray/2014/10/24/the-week-ahead-this-market-could-hurt-stocks/?partner=yahootix