Testing the Water $DIA $SPY $QQQ $IWM

Mish Schneider | August 19, 2013

Testing and failing is an apt way to describe today’s action. The morning began with the S & P 500 and Russell 2000 tenuously holding the 50 Day Moving Average. The indexes held during the initial test of the 50 …


Testing the Water $DIA $SPY $QQQ $IWM

Mish Schneider |

Testing and failing is an apt way to describe today’s action. The morning began with the S & P 500 and Russell 2000 tenuously holding the 50 Day Moving Average. The indexes held during the initial test of the 50 …


Support System $DIA $QQQ $IWM $SPY

Mish Schneider | August 17, 2013

It finally happened. On Friday we witnessed the long awaited test of the 50 day moving average. The S&P 500 dipped below the 50 DMA early in the afternoon, but was able to finish the day closing above it. The …


Support System $DIA $QQQ $IWM $SPY

Mish Schneider |

It finally happened. On Friday we witnessed the long awaited test of the 50 day moving average. The S&P 500 dipped below the 50 DMA early in the afternoon, but was able to finish the day closing above it. The …


Diamonds in the Rough $SPY $IWM $QQQ $DIA

Mish Schneider | August 15, 2013

This morning was ugly. The three indexes with inside days (S&P 500, Nasdaq and Russel 2000) gapped below the range of their inside days. The Dow Jones Industrial Average (DIA) fared the worst with a gap below the 50 DMA, …


Diamonds in the Rough $SPY $IWM $QQQ $DIA

Mish Schneider |

This morning was ugly. The three indexes with inside days (S&P 500, Nasdaq and Russel 2000) gapped below the range of their inside days. The Dow Jones Industrial Average (DIA) fared the worst with a gap below the 50 DMA, …


"The Stakes Are High, The Water's Rough" $DIA $SPY $QQQ $IWM

Mish Schneider | August 14, 2013

Rather than following the recent pattern of testing support in the morning and then grinding higher, the four major indexes found support in the morning and then spent the day chopping sideways. There are inside days in Nasdaq (QQQ), the …


"The Stakes Are High, The Water's Rough" $DIA $SPY $QQQ $IWM

Mish Schneider |

Rather than following the recent pattern of testing support in the morning and then grinding higher, the four major indexes found support in the morning and then spent the day chopping sideways. There are inside days in Nasdaq (QQQ), the …


The Tweet Heard Round the World $SPY $DIA $QQQ $IWM

Mish Schneider | August 13, 2013

I refuse to be lulled into complacency, but this is starting to feel familiar. The past seven trading days have seen the indexes open the day by testing/searching for support. After the support has been tested, the indexes then began …


The Tweet Heard Round the World $SPY $DIA $QQQ $IWM

Mish Schneider |

I refuse to be lulled into complacency, but this is starting to feel familiar. The past seven trading days have seen the indexes open the day by testing/searching for support. After the support has been tested, the indexes then began …