How Do You Know If a Pilot’s in the Room?

Mish Schneider | November 8, 2017

He tells you.

In 1862, Charles Dow started the Dow Jones and Co.

2 years later, the oldest US stock index, DJTA is founded.

The DJTA Includes railroads, airlines, trucking, marine transportation, and delivery services.

The DJTA is still closely …


Here Lies the Bull Market-R.I.P.

Mish Schneider | November 7, 2017

Janet Yellen has led the Federal Reserve with a steady hand.

Even with the goal of winding down the Fed’s balance sheet, her “status quo” on rates stems from her uncertainty about the economy in the coming year.

The market …


For All You Inexperienced Commodities Traders

Mish Schneider | November 6, 2017

When we traded on the New York Commodities Exchanges, we learned that the typical indicators one relies on, become meaningless when certain factors overtake logic.

Traders can buy up a commodity future ignoring technical resistance, overbought strength indicators and Fibonacci …


Can the Transportation Sector Gain Altitude?

Mish Schneider | November 4, 2017

All last week, we watched the Transportation Sector represented by the ETF IYT.

It went up and down and all around the monthly channel top and the 6-month calendar range high.

It ultimately closed the week at 175.67.

Thereby, IYT …


Deciduous or Evergreen Market?

Mish Schneider | November 2, 2017

Today we heard the Federal Reserve Chairman nominee-Jerome Powell.

Mr. Powell is mostly in-line with Yellen when it comes to interest rate policy. He views a gradual rise in rates appropriate.

The biggest criticism I found is that he is …


Bears Be Like, SPLAT

Mish Schneider | November 1, 2017

The Federal Reserve FOMC minutes had the hopeful bears up against the wall.

On the one hand, with an early drop in price on all the sectors plus the one index we warned about, it seemed like the bears were …


The Market Allows Spirits to Pass

Mish Schneider | October 31, 2017

As far back as B.C. 500, Halloween began under the name Samhain.

The Celts believed the season of the sun ended and the season of darkness began.

Hence, the spirits crossed from this world to the other one. (These days, …


Will Market Erosion Create Incised Meanders?

Mish Schneider | October 30, 2017


Market Artistry: Making Something Hard Look Soft

Mish Schneider | October 26, 2017


Art Installation: Tom Joyce

As you can tell, I am a big fan of Tom Joyce’s work!

Volatility poked its head out for one day, only to return to complacency.

Yet, is that the end of volatility’s King for a …


The Market’s Inner Workings

Mish Schneider | October 25, 2017


Art Installation: Tom Joyce

Welcome back some volatility!

With a down day in the market across the board, the volatility or fear index, caught eager bears and weaker bulls.

An odd day, as the TBTs or inverse relationship to the …