A Channel So Clean You Ate Off Its Ceiling

Mish Schneider | November 27, 2016

And now, you can eat off its floor!

Each bar on this TLT chart (20+ Year Long Treasury Bonds) represents the price movement of one whole month.

The parallel black lines denote the top and bottom of a channel.

If …


Channel Tops Can Wring Out Like A Saturated Sponge

Mish Schneider | November 22, 2016


Photo by JR LancasterAfter a soaking rain, the desert landscape resembles a super saturated sponge. Eventually, the desert sunshine absorbs the moisture and the landscape returns to aridness. This extreme fluctuation from saturation to bone dry defines a desert climate. …


The S&P 500 Signs a Year-Long Contract To Gig

Mish Schneider | November 21, 2016

I spent a great deal of time trying to “read” this man. I invented stories about who he is, what he was thinking and why. It took me about ten minutes to see the obvious. The saxophone on his lap …


4 Steps For Planning Your Next Trades

Mish Schneider | November 20, 2016

My 2004 Range Rover sputtered last Friday morning.

By sputtered, I mean the fuel pump gave out. Good thing I have AAA. They came immediately to the rescue and towed the car to the service shop.

Once a car gets …


Has the Bull Gone Over the Top?

Mish Schneider | November 17, 2016

When traders get to the point they consider embroidering a bejeweled bull on their vintage necktie, does that mean the top is near?

Look at this bull. He has eyes of fire, a forehead of diamonds, a crown of rubies …


Dry Ships on the Water Very Free and Easy

Mish Schneider | November 16, 2016

Title adapted from Wooden Ships Crosby Stills & Nash

In case you have not heard about this, the shipping stock DryShips, Inc. (DRYS) has risen by 2,840% in the last several days.

DryShips is part of the Baltic Dry Index …


Gremlins That Might Appear at 19K in The Dow

Mish Schneider | November 15, 2016

Last night I explored the topic of fissures. Now, I muse on this lizard as he decides whether or not it best to stay in the light or dive for the nearest fissure.

A logical conclusion post-election in the market …


Market's Majestic Mountains With Fissures

Mish Schneider | November 14, 2016

Over the weekend, Keith and I saw the movie, The Wave. The story, filmed and made in Norway, follows a “what if” scenario.

Over 100 years before, tectonic shifts in the mountains caused an avalanche of rocks to fall into …


Everybody Trades With Their Fingers Crossed

Mish Schneider | November 13, 2016


“Everybody Knows”
-Leonard Cohen

This song takes a cynical look at life. “The dice are loaded, the good guys lost, the fight was fixed, the captain lied…”

Yet, Cohen makes sure to mention that a fatalistic attitude defines us (That’s …


This Bull Survived the Harshest Environment

Mish Schneider | November 10, 2016

Behold the Texas Longhorn Bull, a breed of cattle that was brought here by Christopher Columbus.

Although they nearly went extinct in 1927, they underwent a revival for their beef stock. These bulls have a high drought-stress tolerance and an …