Hello July 6-Month Calendar Range

Mish Schneider | July 17, 2024

First some facts about the July Calendar Range

The July Pattern
The Six-Month Calendar Ranges

  • Provides directional bias for the next 6 to 12 months.
  • January and July divide the year
  • Simple levels that matter + the right indicators and

  • Granddad Russell 2000 Hurdles the July Calendar Range

    Mish Schneider | July 16, 2024

    Very Simply, small caps are on fire!

    Note the small green horizontal line.

    That is the new July 6-month calendar range high.

    IWM handled it like a champ!

    Plus, look at the leadership chart.

    IWM outperforms the benchmark.

    Finally, look …


    Let’s Not Forget the Most Relevant Market Basics

    Mish Schneider | July 15, 2024

    With the aftermath of the horror of the weekend, the market responded with presuppositions of a Trump victory.

    However, we believe that these presuppositions might be a bit premature.

    November is still far away.

    January 2025 is even further away.…


    The Biotechnology Sector ETF Clears Resistance

    Mish Schneider | July 10, 2024

    On June 24, 2024 I wrote a daily called, Big Brother Biotechnology Sector Revives.

    “IBB sits just below the 200-WMA. Plus, he is in the middle of the weekly channel range. Furthermore, back in May, IBB handily cleared above the …


    Market Tries to Read Between the Lines

    Mish Schneider | July 9, 2024

    Starting with Fed Chairman Powell:

  • Most Recent Labor Data Sends Signal of Cooling
  • Labor Market Appears to Be Fully Back In Balance
  • No Longer A Heated Economy
  • ‘We Are Well Aware’ We Face Two-Sided Risks
  • Last night I wrote that …


    Can Momentum Build in Small Caps?

    Mish Schneider | July 8, 2024

    We have heard many discussions on whether small caps (Granddad Russell 2000 IWM) really matter for the market.

    Here are a few talking points:

  • For 10 years IWM has underperformed, so who cares?
  • The tech and growth sector will continue

  • Our Secret Inflation Barometer Sugar, Building a Base

    Mish Schneider | July 2, 2024

    Mother Nature can be such a B@*^H!

    On March 6,2024 I wrote a Daily on sugar and inflation.

    The biggest takeaway is

    We will know about inflation by watching:

  • Silver-and if it can begin to outperform gold-CHECK
  • Oil, if spikes

  • What’s Up with Bonds-Long and Junk Bonds?

    Mish Schneider | July 1, 2024

    Statistically, one of the most bullish days of the year, July 1st was rather surprising.

    The Family- (please check the weekend Daily), was not so happy today.

    Crypto and his crew were a bit stronger.

    However, the yields were the …


    Economic Modern Family-Our U.S. Centric Indicators

    Mish Schneider | June 30, 2024

    Last week I wrote about Biotechnology, Sector Rotation, Lithium and EVs, plus, the Raw Material Demand from Electricity Usage.

    Biotechnology (will discuss more later), disappointed.

    Sector Rotation happened but only to a degree.

    Lithium sank, and EVs were mixed with …


    How Important is Lithium in Making EVs?

    Mish Schneider | June 26, 2024

    On the heels of the $5 billion investment JV announcement between Volkswagen and Rivian, we always like to examine the raw material side.

    Lithium plays a critical role in making electric vehicles (EVs).

    Here’s why:

  • Battery Technology: Lithium-ion batteries, which