Mish's Daily for 4/15/2014

Mish Schneider | April 14, 2014

This week’s abbreviated Evening Watch will be prepared by Matthew Mullins, the leader of Marketgauge’s day trading chatroom and Assistant Director of Trading Education and Research. Mish is traveling to New York, where she will be working through the end …


Assumptions Are The Termites Of Relationships

Mish Schneider | April 13, 2014

Henry Winkler

When the Federal Reserve began the Quantitative Easing, the banks, especially the CEOs, prospered the most. Banks were basically given free cash, but that did not necessarily translate to the bottom line-the rest of us!

Now, the Federal …


Little Bo Peep

Mish Schneider | April 10, 2014

One nagging thought that just won’t go away is about the relationship between interest rates, the initial purpose of quantitative easing and where the market sits today.

The Federal Reserve switched to a policy of tapering last fall, which seemed …


I Misunderstood and Joined a Jim

Mish Schneider | April 9, 2014

So did Wednesday”s session bring back the warm and fuzzies?

Let’s examine. The S&P 500 cleared the fast moving average after finding support at the 50 DMA-volume light. NASDAQ cleared the fast moving average but not the 50 DMA. That …


Be Here Now: Be Someplace Else Later

Mish Schneider | April 8, 2014

An excerpt from Monday’s night daily: All in all, expect that although overall damage done, an unchanged or even slightly lower open tomorrow will bring in some buyers.

And so it did. However, as one who tracks several indicators, not …


Accelerating Spirals In An Asymmetric Sky

Mish Schneider | April 7, 2014

Mary Lou Lord

Lots of phase changes all around as my screen lit up today with yellow-warning, orange-distribution, red-bearish. The big news centers once again around the Dow and S&P 500, both of which defended the 50 daily moving averages …


Guinness Book Of Records For Cherry Pit Spitting- 95 Feet 6.5 Inches

Mish Schneider | April 5, 2014

I read somewhere that it’s been over 20 years since the S&P 500 futures came within spitting distance to a new 52-week high while NASDAQ got hit with its worst loss in a year.

Regardless whether that statistic is completely …


Gimme Shelter

Mish Schneider | April 3, 2014

Rolling Stones

The image that comes to mind after Thursday’s session is one from the 2009 Kentucky Derby when a small New Mexican horse named Mine that Bird, went off at 50:1 and won by fearlessly galloping along the rail. …


Really, This is For Real; Sure For Real

Mish Schneider | April 2, 2014

Song: Aretha Franklin

The S&P 500 closed on new highs for 2014 along with the Dow! Now the question on everyone’s mind-is this for real?

After all, 2-3 times so far this year, it looked like a melt-up coming, only …


The Wheel Is Come Full Circle

Mish Schneider | April 1, 2014

Quote: William Shakespeare King Lear

If this weren’t April Fool’s Day, I would say the end of day rally was a fool’s game. However, fools are just that-fools, so they cannot possibly control all the salient factors in play.

First, …