Written by Forrest Crist-Ruiz
Both the S&P 500 (SPY) and the Nasdaq 100 (QQQ) failed to clear key resistance areas this past week.
Additionally, the CPI reported that inflation is yet again on the rise sitting over 7% on a …
Written by Forrest Crist-Ruiz
Two of the major indices including the Russell 2000 (IWM) and the Dow Jones (DIA) have cleared key resistance levels, however, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) have yet to clear recent highs …
Written by Forrest Crist-Ruiz
Monday mainly showed consolidation within the major indices.
The Russell 2000 (IWM) spent most of its time within Friday’s price range along with the S&P 500 (SPY) and the Nasdaq 100 (QQQ) having inside day chart …
Written by Forrest Crist-Ruiz
Friday ends on a positive note with the Dow Jones (DIA) and the S&P 500 (SPY) holding over their 200-day moving averages.
Alongside, Bitcoin has cleared 40k and is currently looking for 41k next.
However, High …
Written by Forrest Crist-Ruiz
Friday ends on a positive note with the Dow Jones (DIA) and the S&P 500 (SPY) holding over their 200-day moving averages.
Alongside, Bitcoin has cleared 40k and is currently looking for 41k next.
However, High …
Written by Forrest Crist-Ruiz
Tuesdays the transportation sector (IYT) gapped higher on earnings from one of its top holdings, United Parcel Service (UPS).
Beating earnings per share estimates by 6.5%, UPS was able to bring IYT back over both its …
Written by Forrest Crist-Ruiz
The stock market has rallied right into resistance along with Bitcoin teetering at its 39k price level.
However, the market is holding its current trading area and though we are at a pivotal point, Wednesday could …
Written by Forrest Crist-Ruiz
The past week has been very challenging as the market can’t seem to pick a direction.
Though short-term momentum has more overhead pressure, even the bears have had difficulty shorting the choppy price action.
In times …
Written by Forrest Crist-Ruiz
Recently we’ve talked about trading the market with a rangebound stance.
This means we are looking to determine the main support/resistance levels the indices are trading within to define the current range and then watch for …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
