Market Spins on a Narrow Base

Mish Schneider | November 29, 2017

The metaphor of comparing the market to a circus performance began this week with an agile performer balancing precariously on one hand, while resting on an equally precarious stack of chairs.

Yesterday, we saw the market juggle a plethora of …


Vicariously Juggling All the Pins the Market Throws Us

Mish Schneider | November 28, 2017

Tax Reform, North Korea, Powell’s confirmation, Political Incorrectness, and Cryptocurrencies are the top 5 pins the market juggles.

There’s more.

Mergers and acquisitions (Buffalo Wild Wings and Arby’s the latest), Amazon’s dominance, a strong global economy, and the earthquake in …


Market’s One-Arm Handstand on the Edge of a Chair

Mish Schneider | November 27, 2017

No doubt acrobatics, such as the one illustrated, require incredible strength, flexibility and focus.

Only a handful of performers have the skill to pull off a one-armed handstand whilst balancing on a stack of chairs.

Likewise, only a handful of …


Has the Market’s Timer Popped?

Mish Schneider | November 21, 2017

The larger the bird, the longer it takes to cook.

Luckily, the handy red timer thingy pops when the bird of any size has roasted to perfection.

Why then, do some people still overcook or undercook a turkey?

Perhaps, it’s …


Did Somebody Say Turkey?

Mish Schneider | November 20, 2017

Turns out Grandma Retail XRT began cooking her family’s Thanksgiving feast today.

Last week, brick and mortar XRT gave us an indication that she would consider cooking this year when the instrument went from a Bearish to a Recovery to …


The Rally Trumpets an Appealing Yet Solemn Tone

Mish Schneider | November 18, 2017

A Trumpet, in the hands of an accomplished musician, can be played to sound like the penetrating cry of an elephant.

How ironic that the elephant in the photo is a wooden shell of a prehistoric wooly mammoth, or another …


Is the Market Over the Rainbow?

Mish Schneider | November 16, 2017

Recently, several of the Economic Modern Family phases deteriorated.

The Russell 2000, in a confirmed Warning phase for 2 whole days, today, returned to an unconfirmed Bullish phase.

After holding the major support at 144.50 to the tick on Wednesday, …


Rallysaurus’ Fight for Survival

Mish Schneider | November 15, 2017

Long-time readers of the Daily should remember our Rallysaurus.

One of the first times I introduced the concept was in June 2016.

At the time I wrote, “A Rallysaurus, in honor of the “long in the tooth” rally the market …


Good Times Bad Times (In the Market)

Mish Schneider | November 14, 2017

The Market’s had its share.

Today’s good times: Regional Banks (KRE) jumped from a Distribution to Warning to a Bullish phase.

And, in the course of 2 days.

Good times because the financial sector reacts better in an environment where …


Can Retail Play “Base” in Vintage Silver Platforms?

Mish Schneider | November 13, 2017

Vintage is everywhere.

Look at a stock like ETSY, Inc.

ETSY is an online shopping site that specializes in vintage items.

It reported last week. Sales, earnings per share and revenue were all up.

From the nadir in March until …