Valentine's Day: Love or Massacre? $SPY $IWM $DIA $QQQ

Mish Schneider | February 13, 2013

Quiet session with divergence as all but the DOW close green and only marginally at that. S&P did not close in the bottom 25% of the intraday range after making new highs; nor did NASDAQ or the Russells. In fact, …


Overbought Is As Overbought Does $SPY $QQQ $IWM $DIA

Mish Schneider | February 12, 2013

Creeping back into overbought conditions, the S&P 500 continues its sort of bizarre looking sideways with moments of upside, overall incline. NASDAQ is holding the top of its one month consolidation, although without much cooperation from AAPL, turning out to …


Taking No-Doze

Mish Schneider |

The key market indexes had a meager early morning sell-off in very quiet / light trading.Critical support is still holding and the overbought conditions are abating with more sideways action.
Tonight’s report will be from both Geoff Bysshe and Keith …


Taking No-Doze

Mish Schneider | February 11, 2013

The key market indexes had a meager early morning sell-off in very quiet / light trading.Critical support is still holding and the overbought conditions are abating with more sideways action.
Tonight’s report will be from both Geoff Bysshe and Keith …


Will The Third Attempt Succeed?

Mish Schneider |

Will the third time be a charm? After consolidating for all of 2013, on Friday the QQQ closed above its consolidation range. This is its 3rd attempt to break out on a closing basis. The last 2 attempts (on 1/23 …


Will The Third Attempt Succeed?

Mish Schneider | February 10, 2013

Today's Mish's Daily was prepared by Geoff Bysshe, co-founder of MarketGauge.
Will the third time be a charm? After consolidating for all of 2013, on Friday the QQQ closed above its consolidation range. This is its 3rd attempt to break …


Were You Expecting Something Different?

Mish Schneider | February 8, 2013

Today's Mish's Daily was prepared by Geoff Bysshe, co-founder of MarketGauge.

After 6 and 24 days of direction less trading in the SPY and QQQ respectively, it's hard to expect the indexes to extend beyond their well established ranges. The …


Were You Expecting Something Different?

Mish Schneider |

Today's Mish's Daily was prepared by Geoff Bysshe, co-founder of MarketGauge.

After 6 and 24 days of direction less trading in the SPY and QQQ respectively, it's hard to expect the indexes to extend beyond their well established ranges. The …


Just Listen

Mish Schneider | February 6, 2013

It's been about 6 days of volatile but directionless action in the SPY, IWM and DIA. This hardly seems like much when compared to the 24 days of the sideways action in the Q's.

Jobless claims data comes out tomorrow …


No Bias

Mish Schneider |

Today's Mish's Daily was prepared by Geoff Bysshe, co-founder of MarketGauge.

The SPY's have now seen 3 days in a row of a 1% or more move in the opposite direction of that day before. Furthermore, it's tapped a higher …