Written by Forrest Crist-Ruiz
As of writing this article, Bitcoin is trading just under 40k.
It has failed 3 key points and now people are getting scared.
With that said, is this just a quick spook before it gets back …
Written by Forrest Crist-Ruiz
Recently we have focused on the Russell 2000 (IWM) small-cap index.
Since IWM shows a large variety of companies, it gives a great picture of where the overall market is trading and where it could go …
Written by Forrest Crist-Ruiz
Wednesday, the Russell 2000 (IWM) made a divergence in price and our momentum indicator Real Motion (RM).
In the above chart we can see that while the price has broken underneath the 50-Day moving average (blue …
Written by Forrest Crist-Ruiz
Last Friday Regional Banking Sector ETF (KRE) closed underneath its 200-Day moving average.
This can be seen in the above chart with the green line showing the 200-DMA.
However, while this was a key area to …
Written by Forrest Crist-Ruiz
The past week was a chop fest in the major indices with large intraday price swings.
While the 3 major indices closed roughly flat on Friday, the Russell 2000 (IWM) made a late-day turnaround ending up …
Written by Forrest Crist-Ruiz
Recently we talked about the volatility fund standing its ground in price.
While the market has been trending higher, the short-term volatility fund S&P 500 VIX (VXX) was able to stay mostly over its 200-Day moving …
Written by Forrest Crist-Ruiz
Tuesday, many commodity ETFs gapped lower while the major indices gapped up.
Additionally, the Russell 2000 (IWM) finally cleared its pivotal price level at $209.
However, while the indices made a nice close on the day, …
Written by Forrest Crist-Ruiz
The S&P 500 (SPY) and the Nasdaq 100 (QQQ) continue to trek upwards along with the Dow Jones (DIA).
While the DIA and QQQ still need to clear their 200-DMA the 4th major index flashes a …
Written by Forrest Crist-Ruiz
Although we’ve had a choppy week in the market, key areas held in the major indices showing upside potential for Monday.
Currently, the main support levels are near the 50-Day moving average (blue line) in the …
Written by Forrest Crist-Ruiz
Though it’s easy to forget about meme stock as they’ve been out of focus for a while, the big two have made a comeback over their 50-Day moving average.
GameStop (GME) and AMC Theatres (AMC) as …
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