Turnaround Tuesday-Outside US, Other Countries ETFs

Mish Schneider | September 24, 2024

Today was a big day for China stocks and ETFs.

The PBOC cut its reserve requirement ratio to the lowest level in 4 years, as well as trimmed its main short-term interest rate.

The package included measures to lower overall …


Tech Monday: Granny Retail XRT: A Lesson on Channels

Mish Schneider | September 23, 2024

Written last week, “Granny Retail XRT continues to have my attention. I will follow her. Over 80 I am all in on a bull run in equities. Under 70, I am cautious, if not bearish, in equities.”

I wrote this …


Economic Modern Family Musters a Run to Resistance

Mish Schneider | September 22, 2024

After a very busy week and a Fed pivot, this is a good opportunity to step back and examine the performance of the Family.

We will also look at Bitcoin, 2 commodity index funds and long bonds.

The intent is …


FOMC Lowers Rates Aggressively on Hump Wednesday

Mish Schneider | September 18, 2024

Are we over the hump?

Those of you who do not look at X, here is a great summary of today’s FOMC by the Kobeissi Letter:

  • Fed cuts interest rates by 50 bps for first time since 2020
  • Fed sees

  • Turnaround Tuesday-The Commodity Index Tracking Fund

    Mish Schneider | September 17, 2024

    Look at the headline of this chart and you can see that global FMS allocation to commodities is at a 7-year low.

    This is fascinating, particularly the day before the FOMC meeting and after an increase in M2 over the …


    Technical Monday-The Market Risk Gauges Tell All

    Mish Schneider | September 16, 2024

    Every week we review the big picture of the market's technical condition as seen through the lens of our Big View data charts.

    For Technical Monday, I want to focus on 3 key relationships ahead of this week’s Federal Reserve …


    Invest Not in Politics but in Economics

    Mish Schneider | September 15, 2024

    I enjoy sharing with you, my new and devoted readers, the notes I send out to media producers.

    In this case, I share my notes with a follow up of how the main themes played out.

    Then, I map out …


    Classic Hump Day Trading After Mixed CPI

    Mish Schneider | September 11, 2024

    Looking at the daily S&P 500 chart, we can see we are sitting on the hump this fine Wednesday.

    By the hump I mean that given the negative sentiment to start the day, SPY rallied and closed just above the …


    Turnaround Tuesday: Bitcoin & Cryptocurrencies Bottom?

    Mish Schneider | September 10, 2024

    Over the weekend I showed you a weekly chart of Bitcoin.

    That chart showed how clutch this week would be for the coin as the price held the 50-week moving average and needed to continue to do so.

    For today, …


    Technical Monday: Eyes on the Transportation Sector IYT

    Mish Schneider | September 9, 2024

    Over the weekend I wrote,

    “Bulls want to see IYT hold above its 50-WMA. Otherwise, we believe IYT can get closer to the 200-WMA, but it will not fail it again.”

    As Monday began, the first green day in September, …