Written by Mish and Forrest
Monday’s strange price action looks as though the market shrugged off the stimulus money in some areas yet not others.
While there are many factors at play, the most notable shift is in big tech, …
Written by Mish and Forrest
The market has stopped the bleeding with a rally into Friday’s close.
The small caps index Russell 2000 (IWM) held over its 50-day moving average of 213.40.
Additionally, the retail (XRT) and transportation (IYT) sectors …
Written by Mish and Forrest
Wednesday was another disappointing day for the market as many short-term buyers from Tuesday got flushed out in the move lower.
However, with a second down day should we be worried about a potential correction …
Written by Mish and Forrest
Tuesday was a choppy day for the market, which had sporadic price swings plus a large amount of volatility.
These days are tough to trade as they can make it hard to see the daily …
Written by Mish and Forrest
Last Friday the market ended on a cliffhanger.
The Nasdaq 100 (QQQ) closed under its 50-day moving average while the S&P 500 (SPY) and Dow Jones (DIA) teetered on the edge of their 50-DMAs.
Not …
Written by Mish and Forrest
With all but one member of the Economic Economic Modern Family in a bullish phase should we be worried, or does Monday hold the next piece of pivotal price action?
Before we attempt to answer …
Written by Mish and Forrest
Tuesday, we talked about a reversal chat pattern in the Nasdaq 100 (QQQ) that was created from the price clearing over the 50-day moving average.
Although today began with price under the 50-DMA, QQQs turned …
Written by Mish and Forrest
Tuesday, the Nasdaq 100 (QQQ) broke the 50-day moving average before the end of day rally brought it back over.
This created a reversal pattern we like to call an expansion day.
An expansion day …
Written by Mish and Forrest
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space.
Invesco agricultural fund (DBA) recently cleared major resistance at 16.87 from the …
Written by Mish and Forrest
Despite worry of a pending market correction, talks of stimulus and an infrastructure package paired with a supportive Federal Reserve helped boost market moral this week.
However, specific sectors which suffered are now looking to …
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