Hi Traders,

For this week, my one to short is the iShares Russell 2000 ETF (IWM):

On Friday it gapped down and held my pitchfork support but as long as it maintains that gap it is going to trade lower. Down to $245.

IWM seeks to track the performance of the Russell 2000 Index, a benchmark that measures the performance of approximately 2,000 small-capitalization U.S. companies. These are generally the smallest publicly traded companies in the Russell 3000 Index (which covers about 98% of the investable U.S. equity market). The Russell 2000 represents roughly the bottom 10% of that market by market capitalization, focusing on companies typically valued between a few hundred million to a few billion dollars.

International Business Machines (IBM) is experiencing a nice rally that looks to continue to $267.68:

It has cleared the 20 day moving average with RSI and MACD moving bullish.

My price target is $267.26.

IBM is a historic American multinational technology company often nicknamed "Big Blue." Founded in 1911 (originally as the Computing-Tabulating-Recording Company), IBM is one of the oldest and most influential players in the tech industry, with a legacy spanning punch-card machines, mainframes, personal computers, and now heavy focus on AI, hybrid cloud, and quantum computing.

The company emphasizes enterprise-grade AI, hybrid cloud (combining on-prem and public cloud), quantum computing (leading with systems like Quantum Nighthawk), cybersecurity, and data analytics. It serves large enterprises, governments, and institutions worldwide.

Trade Accordingly,

Licia Leslie