Crept, the Operative Word, Towards Dow at 20,000

Mish Schneider | December 20, 2016

Donning wreaths, tinsel, ornaments and lights, the Dow Jones Industrial Average crept towards 20,000.

Crept is the operative word. The DJIA made it to 19,987.63 without volatility and on half to three-quarters of the average daily volume.

With so much …


Four Corner View into the Market Mist

Mish Schneider | December 19, 2016

Fluorescent towers of light rise into the mist. Is the green tower taller or is that an illusion created by where I stood?

As the week before Christmas begins, so do the indices rise into the mist. The Dow gained …


Terror at 20k in the Dow Dresses to the Nines

Mish Schneider | December 18, 2016

Last week, the Dow Jones Industrial Average partied like its 19,999. (The Dow only made it to 19,966.43.)

Meanwhile, the descent from even 19,966 could mean that a gremlin appeared on the wing of the Dow plane as it neared …


The Multifaceted, Multidimensional Market

Mish Schneider | December 15, 2016

Another photo I covertly shot at MOMA last week, this piece by Francis Picabia (the Papa Dada artist covered in Monday’s Daily), is called Salome.

Salome’s fame comes from her demanding and receiving the head of John the Baptist (New …


The Market’s Tale of Two Fifth Avenues

Mish Schneider | December 14, 2016

Atlas, half-man half-god giant, was a Titan condemned to carry the world on his shoulders for eternity. Here he is in front of 30 Rockefeller Center on Fifth Avenue as he has been since 1937.

In last night’s Daily, I …


Dow at 20k: Land of 1000 Delights

Mish Schneider | December 13, 2016

When we saw this holiday window dressing at Saks Fifth Avenue, I could not decide if I should photograph or lick it. After all, the Land of 1000 Delights intends on stimulating all our senses.

Like the minty fresh taste …


Disparate Price Movements Provoke Confusion

Mish Schneider | December 12, 2016


Francis Picabia Artist 1879-1953 Picabia, known as Papa Dada, purposely layered disparate images in his collages to provoke confusion and strange associations.

I feature the piece above now on display at MOMA, mainly because of how closely the red and …


The Market Has Already Started Resting For Its Next Big Move

Geoff Bysshe | December 11, 2016

The primary market indexes, DIA, SPY, QQQ, and IWM all closed higher on Friday, but the Economic Modern Family is hinting that the market may need a rest very soon.

When you review the descriptions of the condition of the …


When To Expect The Profit Taking Down Day

Geoff Bysshe | December 8, 2016

It’s been an impressive week to say the least, and the question on so many traders’ minds is likely to be, “Should I take profits before the weekend?”

If this question is on your mind, and you’d like to wait …


IYT Celebrates A Big Day and Incites Panic Buying.

Geoff Bysshe |

The big news today is that the Transportation Index and its ETF (IYT) finally broke their highs set in November of 2014. This means the latest leg up in the DIA’s bull market is now confirmed according to Dow Theory.…