The US Russell 2000 index (which contains mid to small-cap stocks listed on the US stock market)
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has been moving for several months within a lateral channel delimited by resistance in the 2,000-2,020 points area and by static support near 1,640.
The holding of this last level assumes particular importance as it may favour a re-accumulative phase and create the premises for a fast recovery.
A first signal of strength will arrive with the overcoming of 1,800 and will have a first target near 1,860 points and a second target in the 1,900-1,920 area.
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Only a daily close below 1,640 could provoke a bearish trend reversal and thus trigger a downturn of a certain consistency (with a first target in the 1,590-1,585 area and a second target at 1,535-1,530 points).
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The following ETFs can be used to invest in the US stock market:
Amundi Russell 2000, ISIN LU1681038672. This ETF provides synthetic replication of the underlying (via a swap) and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.35% per annum.
SPDR Russell 2000, ISIN IE00BJ38QD84. This is an ETF which provides for the sampling replication of the underlying (buying only the most attractive stocks of the Russell 2000 index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.30% per annum.
Xtrackers Russell 2000, ISIN IE00BJZ2DD79. It is an ETF that provides for the total physical replication of the underlying (by purchasing all components of the Russell 2000 index) and that adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.30% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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