Written by Forrest Crist-Ruiz
For the 3rd time, the small-cap index Russell 2000 (IWM) has failed to clear its 50-Day moving average.
It is the last of the 4 major indices to lag as Monday the Nasdaq 100 (QQQ) cleared …
Written by Forrest Crist-Ruiz
Monday, the Semiconductors ETF (SMH) cleared back over resistance from its 50-Day moving average at $242.07.
Additionally, the tech-heavy Nasdaq 100 (QQQ) cleared its 50-DMA.
The next test is for both symbols to hold their MAs …
Written by Forrest Crist-Ruiz
The four major indices are split between two phases.
The first is a bullish phase. This is created when the price of a symbol is trading over its 50-Day moving average with the 50-DMA over the …
Written by Forrest Crist-Ruiz
Wednesday, the four major indices gapped lower based on the failure of the Russell 2000 (IWM) and the Nasdaq 100s’ (QQQ) ability to clear resistance from their 50-Day moving averages.
However, IWM did not reach its …
Written by Forrest Crist-Ruiz
The Russell 2000 (IWM) and Nasdaq 100 (QQQ) have yet to clear over their 50-Day moving average which has created a pivotal and psychological resistance level that bulls are looking to clear.
Additionally, other key sectors …
Written by Forrest Crist-Ruiz
Last Friday the market closed on a high note with a rally off the lows of 05/12.
This was a bullish sign, yet the rally also pushed prices into a resistance area.
The mixed sentiment from …
Written by Forrest Crist-Ruiz
This past week dip buyers saved the market from breaking lower.
Retail (XRT) and Regional Banking (KRE) sectors have cleared back over resistance from their 50-Day moving averages followed by the Biotech (IBB) clearing back over …
Written by Forrest Crist-Ruiz
Wednesday, the market continued the prior days' sell-off.
This has placed the overall market trend in a pivotal area as more sectors begin to look weak.
This can be seen in Mish’s Economic Economic Modern Family …
Written by Forrest Crist-Ruiz
Tuesday, the Nasdaq 100 (QQQ), Russell 2000 (IWM), and S&P 500 (SPY) gapped lower followed by a rally.
One of the most important indices to gap lower was the teach heavy index QQQ.
This is important …
Written by Forrest Crist-Ruiz
The Russell 2000 (IWM) and the Nasdaq 100 (QQQ) both broke their 50-Day moving averages.
Meanwhile, Transportation IYT printed another new all-time high. This shows the market's current indecision and choppy nature.
The market's uncertainty may …
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