The narrowest range day in the Russells 2000 (IWM) in 194 days. Plus, it closed on the 200 DMA with light volume and an RSI- approaching but not quite, overbought. Now in an unconfirmed Accumulation day and first close over …
Earnings Season has begun with the best post market performer at time of writing Cirrus Logic (CRUS) a semiconductor. And speaking of Semiconductors (SMH) that ETF although still lacking in pizzazz, did manage to close above last week's high with …
Three days of digestion last week near the top of the recent trading range, which is potentially really exciting considering that the internals in conjunction with the pause show no particular fear in the market or a long term overbought …
More digestion near the top of the recent trading range with an accumulation day in volume in S&P 500 although still under the daily average. Same with NASDQ only that has managed to maintain the breakaway gap from Tuesday. Both …
Classic digestion day in NASDQ and S & P 500 with a confirmed phase change in SPY to Accumulation yet unimpressive volume. QQQ looks better since confirmed a bullish phase with a bullish candle and held the breakaway gap-albeit on …
Financials and Commodities step up on the first day of trading in the New Year. Lots of gaps higher which if this market is any good, should hold. The classic leading sectors/groups at the end of 2011 comparatively struggled -retail …
Volume wise, the week ended with a whimper and all three major U.S. indexes finished lower. Both the Dow and the S&P 500 Index closed down 0.6% for the week and the Nasdaq Composite Index fell 0.5% on a weekly …
Not a surprising selloff as we climbed the wall of worry to the top of the trading range since the summer.
SPY: After a 5 day incline to the 200 DMA, this selloff was not a big surprise. Worked off …
SPY: rallied 5 days in a row drawn to the 200 DMA on light volume. Needs to stay there are approaching overbought on 2-Day RSI. Got a second close to confirm an accumulation phase.
QQQ: Tried but could close above …
SPY Made it to the 200 DMA at 126.10. Question is as we now approach overbought on the 2-Day RSI, will it stick around there?
QQQ: Could not quite make it to the 200 DMA 56.16 with its super light …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
