The Long Bonds Update

Mish Schneider | July 22, 2024

Over the weekend we covered the weekly charts of the Economic Economic Modern Family.

All the original Economic Modern Family (Russell 2000 IWM, Retail XRT, Transportation IYT, Regional Banks KRE, Biotechnology IBB, and Semiconductors SMH), gained.

Our newest member, Bitcoin, …

The Market Requires 7 Pairs of Eyes!

Mish Schneider | July 21, 2024

These are the weekly charts of the Economic Economic Modern Family.

We begin by featuring the original six.

We will then look at our 7th member, and end with a look at NASDAQ.

The weekly charts of the original Economic …

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 …

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