Archives: Mish's Daily

Keep Oil and Energy Companies on Your Watchlist

Mish Schneider | May 25, 2022

Written by Forrest Crist-Ruiz

Energy plays have some of the best chart setups right now from a momentum breakout standpoint.

A perfect example of this can be seen in the above chart of the United States Oil Fund (USO).

Currently, …

Has Stock Market Selling Become Exhausted?

Mish Schneider | May 24, 2022

Written by Forrest Crist-Ruiz

For the moment the downward trend stays intact as the market and media embrace more negative news.

News of a housing market top, increasing inflation, geopolitical stress, and more add a dampener to investor sentiment.

However, …

Is Oil Gearing Up for a Big Move?

Mish Schneider | May 23, 2022

Written by Forrest Crist-Ruiz

The country has been under pressure from rising gas prices for months.

Even before the Ukraine war, gas was steadily increasing.

While the U.S continues to look for solutions to manage prices from releasing oil reserves …

Watch the 200-Week Moving Average on These 3 Symbols

Mish Schneider | May 22, 2022

Written by Forrest Crist-Ruiz

The small cap-index Russell 2000 (IWM) is hanging onto support from the 200-Week moving average at $176.19.

Last week it dipped below the moving average with a low of $168.90.

With that said, it looks as …

How Junk Bonds Saved Us from Loading Up On Equities

Mish Schneider | May 18, 2022

Written by Forrest Crist-Ruiz

The Rally failed to carry the major indices past key resistance levels.

This can be seen in the above chart of the S&P 500 (SPY), Nasdaq 100 (QQQ), and the Russell 2000 (IWM).

Lines are drawn …

Fertilizer Companies Look to Follow the Recent Jump in Soft Commodities

Mish Schneider | May 17, 2022

Written by Forrest Crist-Ruiz

So far, this week has been huge for wheat (WEAT) and sugar (CANE) with both gapping up on Monday and continuing higher.

Soft commodities have been on the move as supply chain issues involving China’s Covid …

The Small-cap Index Needs to Clear the 10-DMA and Hold its 200-WMA

Mish Schneider | May 16, 2022

Written by Forrest Crist-Ruiz

The small-cap index Russell 2000 (IWM) tested it's past Friday high Monday at $179.41 but ultimately could not hold.

Just above this price level stands the 10-Day moving average at $179.86.

This will be the next …

3 Key Sectors to Watch with Hidden Momentum

Mish Schneider | May 15, 2022

Written by Forrest Crist-Ruiz

Mish’s Economic Modern Family looks to have found temporary support as each of the members has closed over the prior day's high providing relief from the downward trend.

However, will this last, or is the rally …

How Much Further Can the Stock Market Break Down?

Mish Schneider | May 11, 2022

Written by Forrest Crist-Ruiz

Taking a step back and looking at important reference points and percentages helps us grasp where the stock market is and where it’s potentially going.

Focusing on the small-cap index, the Russell 2000 (IWM) has broken …

Why We are Focusing on Commodities Over Equities

Mish Schneider | May 10, 2022

Written by Forrest Crist-Ruiz

Tuesday, the Nasdaq 100 (QQQ) outperformed the other indexes ending the day +1.20%, while other major indices closed roughly flat on the day.

From the momentum side, our Real Motion (RM) indicator is flirting with the …