Will the Market Scratch on the Door or Pee on the Rug?

Mish Schneider | October 2, 2016

 Artist: James Palmer Mulligan

“Devil or angel, I can’t make up my mind.” Blanche Carter

A week ago Monday, the Dow Jones Industrial Average declined. Tuesday it rallied. Wednesday it rallied more. Thursday it gave up all of Tuesday and …


Market Has Bloodshot Eyes

Mish Schneider | September 29, 2016

Artist: James Palmer Mulligan (our godson)

Imagine the 3 wires coming out of the subject’s ears as 3 different moving averages. On the left side the trend points up. On the right side, the trend is mixed. Near-term or the …


The Market Stands at a Frontier

Mish Schneider | September 28, 2016

“OPEC said to Agree on First Oil Output Cut in Eight Years” Bloomberg.

Not exactly as old as this vintage gas pump, a united OPEC does appear as an anachronism.

Said to agree as in we agree to agree but …


If the Sun Shines, The Market Should Warm Up

Mish Schneider | September 27, 2016

Earth Ships Taos, NM

Since the focus on solar energy in Sunday’s Daily, First Solar has rallied about 4-5%. The S&P 500, on the other hand, has declined by about 1% this week.

First Solar is traded in the NASDAQ …


The Market Spins a Fragile Web

Mish Schneider | September 26, 2016

Monday, many Traders felt like this crab shell spider waiting in repose in hopes of catching flies in their webs. Anxious to capture more flies, the threat from predators’ kept spiders and traders hungry.

Over the weekend I focused on …


Renewable is the Market's New Sustainable

Mish Schneider | September 25, 2016

Earth Ships, Taos NM

“Sustainable Testing Site” brings up three questions about last week’s market action.

Can the market indices sustain the recent rally in price?

Have sustainable or renewable energy instruments finally bottomed?

How, if at all, might the …


The Market Lives, Dies and Lives Again!

Mish Schneider | September 22, 2016

Some might see a bunch of apples that have fallen off the tree left to rot on the ground. Others might see a bunch of beautiful wildflowers fertilized by the same soil the apples grew from.

The market is an …


Up Against the Wall Market Modern Family!

Mish Schneider | September 21, 2016

Why does this woman have her hand pressing on the stucco wall? ? Is she a time traveler trying to find a portal? Is the Rallysaurus beckoning her across? Or, is she testing the resolve of the wall, feeling for …


TONIGHT - The Central Bank Double Header Begins

Geoff Bysshe | September 20, 2016

Later tonight the Bank of Japan will hold its equivalent of our Fed’s FOMC meeting and reveal its intentions regarding continued quantitative easing. So by the time our stock market opens on Wednesday the central banks’ news flow will be …


The Market Spies a Jolly Roger

Mish Schneider | September 19, 2016

“Ahoy, Me Hearties!” September 19th is International Talk Like a Pirate Day. Our diver above however, is no pirate. But he is underwater, standing defensively to protect his booty just in case a pirate comes along.

Semiconductors remain as resilient …