Discover and read the best of Twitter Threads about #memeStonks

Most recents (1)

$IWM #smallcaps #RTY

You #memeStonks #stonks people, Be cautious of chop. The markets are at an inflection point this week.

*NO ONE* knows what direction they will go. Not even Portnoy.

Here is one chart I am watching.
This is the Russell 2000 Ishares ETF. Basically all the small caps that trade in the US (at least the ones included in the index).

That line on this chart shows you how at the beginning of the year, we broke above the YTD AVWAP for the index.
Come again?
YTD = Year to Date
AVWAP = Anchored Volume Weighted Average Price.

But then, last week we started testing it. And on Friday we closed below it. That meant that *on average* everyone who bought the index this year was under water.

NO BUENO!
Read 5 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!