Groundhog's Day: A SPY Tale

Mish Schneider | February 1, 2012

We did not have to wait very long for the answer to last night's question after the Golden Cross-digestion and rally or game over? We love instant gratification, especially when positioned on the right side of the trend. Tomorrow the …


Golden Cross SPY But Hurdles Abound

Mish Schneider |

Now that there is the official Golden Cross in the S&P 500 (SPY), we also have to note the two distribution days in volume (a lower close on higher volume than on the preceding day). Furthermore, the volume is light-below …


Golden Cross SPY But Hurdles Abound

Mish Schneider | January 31, 2012

Now that there is the official Golden Cross in the S&P 500 (SPY), we also have to note the two distribution days in volume (a lower close on higher volume than on the preceding day). Furthermore, the volume is light-below …


Sometimes It's the Quiet Ones SPY QQQ

Mish Schneider |

Seems the market forgot to have its morning cup of joe since it began weak and then proceeded to drift higher with no real gusto. No bloodbath nor "in your face bears" type rally...milquetoast at best. Neither committed sellers nor …


Sometimes It's the Quiet Ones SPY QQQ

Mish Schneider | January 30, 2012

Seems the market forgot to have its morning cup of joe since it began weak and then proceeded to drift higher with no real gusto. No bloodbath nor "in your face bears" type rally...milquetoast at best. Neither committed sellers nor …


Stock Market Range-O-Matic

Mish Schneider | January 29, 2012

NASDAQ (QQQ) has a pattern worth paying close attention to. New highs Wednesday, followed by a bearish engulfing pattern on Thursday ending with an inside day on Friday. Volume patterns indicate 4 Accumulation days over the last 2 weeks. Yes, …


Stock Market Range-O-Matic

Mish Schneider |

NASDAQ (QQQ) has a pattern worth paying close attention to. New highs Wednesday, followed by a bearish engulfing pattern on Thursday ending with an inside day on Friday. Volume patterns indicate 4 Accumulation days over the last 2 weeks. Yes, …


Escalator Temporarily Stairs SPY QQQ

Mish Schneider | January 27, 2012

Friday Humor: “An escalator can never break: it can only become stairs. You should never see an Escalator Temporarily Out Of Order sign, just Escalator Temporarily Stairs. Sorry for the convenience.”
Mitch Hedberg (R.I.P)

There is sure a case for …


Escalator Temporarily Stairs SPY QQQ

Mish Schneider | January 26, 2012

Friday Humor: “An escalator can never break: it can only become stairs. You should never see an Escalator Temporarily Out Of Order sign, just Escalator Temporarily Stairs. Sorry for the convenience.”
Mitch Hedberg (R.I.P)

There is sure a case for …


Shiver Me Timbers! QQQ

Mish Schneider |

I have been consistently friendly to the market since the year began. I write everyday about how the phases are positive, the volume is light with the occasional accumulation days thrown in, major sectors have been leading and other former …