Mish's Daily for 3/17/2015

Mish Schneider | March 16, 2015

The Economic Modern Family came out swinging this week, and that’s before they celebrate St. Patrick’s day!

Mish is out ill today so filling in is her family, Jonathan griffin and Keith Schneider.

S&P 500 (SPY) Back to unconfirmed Bullish …


It's A Mockerriage

Mish Schneider | March 15, 2015

Economic Modern Family

All said and done, the Dow is down around 3% from its all-time high. It seems fair to say that the lack of buying to keep us up at the highs or get us to new highs …


A Happy Family Is But An Earlier Heaven

Mish Schneider | March 12, 2015

George Bernard Shaw

So have I made my point yet? The one about Sheep scattering, grazing, filling up, pooping and then scattering again? Good. Let’s put that aside now and talk about trading ranges, and leading sectors/ groups.

Beginning with …


O Imitators, You Slavish Herd!

Mish Schneider | March 11, 2015

Horace, leading Roman lyric poet during the time of Octavian

As annoying as my constant harping on the Sheep imagery related to market tone may be-I must say-it has kept me patient throughout the correction-or at the very least, given …


The Economy is Thy Shepherd, We Shall Not Want

Mish Schneider | March 10, 2015

South Park Margaritaville Episode

Following inside day patterns in all 4 indices, they all reconciled to the downside, with certain instruments going s-p-la-t!

We have unconfirmed warning phases again in both the S&P 500 and the Dow. The Russell 2000s …


Sheep Will Flee In Random Directions

Mish Schneider | March 9, 2015

It seems safe to get back into the sheep conversation after recent activity. I titled the weekend commentary as Cast Sheep because that perfectly defined last Friday’s action (if you accept the premise of sheep in the first place.)

A …


Cast Sheep Can't Get Up Without Assistance

Mish Schneider | March 8, 2015

An experienced trader never designs or alters a trading plan based on what he/she “thinks” is going to happen. Experienced traders confirm and place trades using top down analysis, market internals, risk/reward ratios, and proper position sizing.

Key is to …


Did AAPL Really Fall On Newton's Head?

Mish Schneider | March 5, 2015

I feel like the market looks-upbeat but a bit tired. Upbeat because the sectors I have been watching are holding up. Tired, because it seems that the prices in those sectors haven’t moved much as if waiting for either the …


Qún Yáng Gùn

Mish Schneider | March 4, 2015

Shepherd staff (This routine is performed with a straight heavy red oak staff)

Last night I wrote about the 5 Classic Signs of a Top (please review 03-04-15 Commentary archived on the website) with added remarks that none of those …


Against the Advice of Seven of Nine

Mish Schneider | March 3, 2015

Captain Janeway Good Shepherd Episode 2000.

It’s tempting to remark on the potentially harmful yet more than likely ephemeral impact of speeches and economic data on the resilient market, but for objectivity’s sake, let’s just stick to the technical signals …