Written by Mish and Forrest
Last Friday the market ended on a cliffhanger.
The Nasdaq 100 (QQQ) closed under its 50-day moving average while the S&P 500 (SPY) and Dow Jones (DIA) teetered on the edge of their 50-DMAs.
Not …
Written by Mish and Forrest
With all but one member of the Economic Economic Modern Family in a bullish phase should we be worried, or does Monday hold the next piece of pivotal price action?
Before we attempt to answer …
Written by Mish and Forrest
Tuesday, we talked about a reversal chat pattern in the Nasdaq 100 (QQQ) that was created from the price clearing over the 50-day moving average.
Although today began with price under the 50-DMA, QQQs turned …
Written by Mish and Forrest
Tuesday, the Nasdaq 100 (QQQ) broke the 50-day moving average before the end of day rally brought it back over.
This created a reversal pattern we like to call an expansion day.
An expansion day …
Written by Mish and Forrest
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space.
Invesco agricultural fund (DBA) recently cleared major resistance at 16.87 from the …
Written by Mish and Forrest
Despite worry of a pending market correction, talks of stimulus and an infrastructure package paired with a supportive Federal Reserve helped boost market moral this week.
However, specific sectors which suffered are now looking to …
Written by Mish and Forrest
Wednesday could be a pivotal day for the market.
With a gap down in the major indices the market continued to sell-off until finding some late-day support, especially in the Dow which closed green.
A …
Written by Mish and Forrest
News surfaced Tuesday about stress on oil production from the recent temperature drop in the U.S.
Because water is involved in oil production it can freeze equipment, thereby halting the process.
Does this mean oil …
Written by Mish and Forrest
The Economic Economic Modern Family members are all in a bullish phase with transportation (IYT) leading the charge.
A rundown of each member shows Russell 2000 (IWM) putting in some consolidation over Mondays low of …
Written by Mish and Forrest
With crazy market volatility and wide price swings, having a trading plan couldn’t be more important for a day like Wednesday.
At around 10:20 ET the market began to sell off rapidly, turning into a …
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