Should We Build a Monument to Today’s Rally?

Mish Schneider | October 15, 2019

In 1881, upon entering the Baltimore and Potomac Railroad station, Garfiled was shot at point-blank range.

He was president for a very short time.

The Garfield Monument sits on the edge of the Totlec Gorge between Alamosa and Chama in …


Highlights from Sunday’s Market Comments

Mish Schneider | October 14, 2019

Quiet holiday trading prevailed.

The Russell 2000 IWM had a narrow trading day and an inside day.

Yields fell and the metals rose.

The key trading levels from Friday are pretty much the same.

The charts of the Economic Economic …


Stock Market Theme-Collect $300 or Go Directly to Jail

Mish Schneider | October 13, 2019

Please forgive the XXX rated version of the game Monopoly.

This stuck out in immediate reach on our shelf, while the Monopoly game sits somewhere hidden in a closet.

Before you jump to all kinds of conclusions-this game was a …


Salmon on Ice; Is it Time to Buy China & Sell the U.S.?

Mish Schneider | October 10, 2019

I had this crazy dream last night.

I dreamed I was a salmon swimming against the tide.

Only along the way, a giant fishing net scooped me up, put me on ice and sent me to a fish market for …


Indexes and Sector Levels Only

Mish Schneider | October 9, 2019

Thus far, an inside trading week (or prices within last week’s trading range) prevails.

S&P 500 (SPY) 290 now pivotal support with 293.40 the overhead 50-DMA resistance

Russell 2000 (IWM) Inside day. 146 key support with 149 overhead resistance

Dow …


China’s Blacklisted Stocks: A Different Modern Family

Mish Schneider | October 8, 2019

Yesterday we took an in depth look into Semiconductors and the question of “is SMH offering us flowers, but with poison thorns?”

Our conclusions was “For actionable information, should SMH break under 118, that is a minor breakdown. A move …


Beware of Sister Semiconductors Bearing Gifts

Mish Schneider | October 7, 2019

October has begun as choppy, volatile and news-driven month in its short history of one week.

Actually, I use the word “news” loosely. Think tweet-driven.

The leader of the Economic Economic Modern Family and the overall market has been our …


The Economic Modern Family and Their Kitten Bounce

Mish Schneider | October 6, 2019

The photo was taken by a friend of ours, who unexpectedly had a feral cat deliver these kittens in his garage. He’s now the proud daddy.

Typically called the dead cat bounce, for our purposes, we are calling this the …


Did the Market Bottom or Bounce?

Mish Schneider | October 3, 2019

This morning, the ISM report initiated a rapid sell off.

With a relatively healthy bounce back throughout the day the question is: bottom or short term bounce?

The indices will give us a better view of the broader picture.

Before …


The Investor Crowd Awaits a Buy in Cannabis Stocks

Mish Schneider | October 2, 2019

Vancouver-Queen Elizabeth Theater

Canada legalized recreational pot.

Mexico is working on legalization.

That would put the U.S. literally bordered by legalized pot.

Whether the U.S. follows in kind, remains to be seen.

But for now, 33 states have legal medical …