Calling all investors! Long
iShares Russell 2000 ETFArca
Description
⋅ Overview
The Russell is at a potential attractive buy area for long-term investors.
The Details
The Russell (FX:US2000) stock index is in a retrace move. Price is currently between the monthly 50 and 100 SMA's.
Historically, buying when the price is between the moving averages has been a favourable entry area for long-term investments.
Things to Consider
- Recession could be on the horizon for the US. This would likely drive prices lower, especially for the Russell 2000.
- Using an ETC, such as IWM, is often better for investing in stock indices than futures or OTC products.
- Other stock indices may decline further before reaching new highs. The positive correlation between stock indices could bring the US2000 down further.