The Russell 2000 Takes Us Somewhere Over the Rainbow
“You’ll Never Find a Rainbow if You’re Looking Down”-Charlie Chaplin
Santa Fe, NM photo taken by Mish
A rainbow, like the markets, is not a 2-dimensional image. It’s more like a …
Is the Russell 2000 the Market’s Houdini?
Inky the Octopus’ Shawshank Redemption!
Not my first foray into using the elusive and highly intelligent octopus as a solid (liquid?) market metaphor. Today’s story fits well. For past Daily’s using an Octopus …
IWM at a very interesting inflection point
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Market Bias: Bullish. Watch breakout levels, FTP and prior day lows for support levels. Expect pullbacks Longs: CENX LULU ADBE AVGO Shorts: JWN M
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Recovery, Meet The Accumulation Phase
Two Shots of Whatever--Paarr-tayyy!
Maybe it’s spring fever. Maybe it’s tax loss carryforward ahead of Tax Day. Maybe it’s the sense of a never ending policy for low interest rates. Maybe it’s Jamie Dimon getting …
Consolidation, A Matter of Time
If Only Time Stood Still…
When you want it to, naturally.
Last Tuesday April 5th, my mom came to visit us for a week. With her departure home this evening, it feels like the week …
Trader’s Gold: The Recovery Phases
Nothing would be finer than to be long this gold miner…
A departure from metaphors and allegories, I wish to give you all a glimpse into the book I have been busily writing. My plan …
Market Bias: Neutral. Wait for a breakout of the 3 day range. A breakdown could be very bearish. Earnings Dates according to Briefing are in () Longs: TLT SBUX (4/27) OC (4/26) X (4/26) IYR CLF (4/28) Shorts: NKE (6/23) …
Is the Market Feasting, Digesting or Starving?
Quantitative Easing: The Fed as Consumer and Producer
Plant-eating animals are called primary consumers. Animals that eat other animals are called secondary consumers. Both types of consumers need producers. The pathway that food …
Phases: A Traders Way to Gauge Face Value
“Country Music Legend and “Okie from Muskogee” Merle Haggard, died on April 6th. Also the day he was born, that’s the sort of poetry one might hear in a good country song. …