Written by Forrest Crist-Ruiz
The country has been under pressure from rising gas prices for months.
Even before the Ukraine war, gas was steadily increasing.
While the U.S continues to look for solutions to manage prices from releasing oil reserves …
Written by Forrest Crist-Ruiz
The small cap-index Russell 2000 (IWM) is hanging onto support from the 200-Week moving average at $176.19.
Last week it dipped below the moving average with a low of $168.90.
With that said, it looks as …
Written by Forrest Crist-Ruiz
The Rally failed to carry the major indices past key resistance levels.
This can be seen in the above chart of the S&P 500 (SPY), Nasdaq 100 (QQQ), and the Russell 2000 (IWM).
Lines are drawn …
Written by Forrest Crist-Ruiz
So far, this week has been huge for wheat (WEAT) and sugar (CANE) with both gapping up on Monday and continuing higher.
Soft commodities have been on the move as supply chain issues involving China’s Covid …
Written by Forrest Crist-Ruiz
The small-cap index Russell 2000 (IWM) tested it's past Friday high Monday at $179.41 but ultimately could not hold.
Just above this price level stands the 10-Day moving average at $179.86.
This will be the next …
Written by Forrest Crist-Ruiz
Mish’s Economic Modern Family looks to have found temporary support as each of the members has closed over the prior day's high providing relief from the downward trend.
However, will this last, or is the rally …
Written by Forrest Crist-Ruiz
Taking a step back and looking at important reference points and percentages helps us grasp where the stock market is and where it’s potentially going.
Focusing on the small-cap index, the Russell 2000 (IWM) has broken …
Written by Forrest Crist-Ruiz
Tuesday, the Nasdaq 100 (QQQ) outperformed the other indexes ending the day +1.20%, while other major indices closed roughly flat on the day.
From the momentum side, our Real Motion (RM) indicator is flirting with the …
Written by Forrest Crist-Ruiz
All the major indices tumbled on Monday leading to a large liquidation.
Even safety plays such as precious metals like gold (GLD) and silver (SLV) were down on the day.
Many are wondering what to do …
Written by Forrest Crist-Ruiz
Inflation is a spotlight topic in the media with more reports and predictions surfacing every day.
Since the Fed has been sorely wrong on its inflation predictions, the country is closely monitoring interest …
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