A Market Long View with Protective Gear Required

Mish Schneider | February 3, 2020

Often, it pays to sit atop the fray and take the long view.

Even if it means doing so with protective and reflective gear on.

We noted over the weekend that the S&P 500 touched down yet held the 50-DMA, …


The Market’s Phantasmic Irrationality

Mish Schneider | February 2, 2020

Vikky Alexander “is fascinated by spaces that are saturated with extreme beauty and total artifice.”

Phantasmic means unreal and illusory.

In this installation, mirrored pillars stand before projected images.

The mirror’s multiple surfaces fracture the perspective. The result is to …


Market Buyers Slow Down & Ponder Are Bears Wild?

Mish Schneider | January 30, 2020

On a recent road trip, we saw this sign.

We stopped so I could take a photo, but also so we could ponder what wild animals should we be on the lookout for.

To the question “Was that the V-bottom …


Mid-Week Look at the Economic Modern Family

Mish Schneider | January 29, 2020

Last night we asked, “Was that the V-bottom (in the Russell 2000 IWM) we have enjoyed throughout most corrections, or a bear flag and the start of much nastier downturn coming soon?

Although you cannot see the formations as clearly …


Did the Russell 2000 Put in a V-Bottom or Bear Flag?

Mish Schneider | January 28, 2020

After last night’s analysis that the market suffered arrows to the limbs, but not a lethal blow, it dutifully rallied today.

But, the Transportation sector IYT, Regional Banks KRE, Biotechnology IBB and Brick and Mortar Retail XRT all remain in …


Market’s Extremities Wounded, But Core Intact

Mish Schneider | January 27, 2020

Given the ongoing spread of the Coronavirus, nobody should be surprised to see the selling that came into the market today.

Over the weekend, we reviewed some of the early warning signs the market had already signaled.

For example, junk …


Does the Russell 2000 Have Good Bones?

Mish Schneider | January 26, 2020

Our hearts go out to the victims and families of those who have died or became inflicted with the Coronavirus!

After headline after headline on the expanding impact that the virus is having throughout the world, that impact extended to …


Did My Fortune Cookie Tell Me to Buy Toyota?

Mish Schneider | January 23, 2020

Occasionally, I like to feature a trade idea.

Generally, I will go more for a commodity, index or sector.

However, this fortune cookie got me thinking.

At first, I thought it was about my Range Rover, which is a 2012 …


The Economic Modern Family Stays Inside

Mish Schneider | January 22, 2020

The weekly charts of the Economic Modern Family (Russell 2000, Transportation, Retail, Regional Banks, Biotechnology and Semiconductors) tell a mid-week story.

With the exception of Semiconductors, all the other members are trading inside the trading range of last week.

What …


How’s the Market’s Appetite for Risk?

Mish Schneider | January 21, 2020

I hope you did not miss my annual write-up about the upcoming Chinese New Year, Year of the Metal Rat.

As mentioned, this year the fire element is completely absent.

Raymond Lo (my go-to source) says that pessimism, cynicism and …