Written by Forrest Crist-Ruiz
The rate increase came in as expected at half a percent, showing that the Fed is going for the safest play instead of pushing for a .075% increase.
With that announcement, the market made a late-day …
Written by Forrest Crist-Ruiz
In reference to Monday’s article, we are watching for signs of a reversal in the major indices based on price and momentum.
As a follow-up, we can also look at Mish’s Economic Modern Family to see …
Written by Forrest Crist-Ruiz
This Wednesday the Fed will announce an interest rate increase.
So far, expectations are for + 0.5%.
While some believe this is too high as the market is struggling, others believe the Fed needs to be …
Written by Forrest Crist-Ruiz
Friday, the Nasdaq 100 (QQQ) closed -4.4% on the day.
Not far behind came the S&P 500 (SPY) at -3.6% along with the Russell 2000 (IWM) at -2.8%.
This comes after each failed to hold support …
Written by Forrest Crist-Ruiz
For the past 10 years, dip-buying weakness as the market has only been under pressure for short periods has worked out very well.
However, the economy and world are in a new situation that involves geopolitical …
Written by Forrest Crist-Ruiz
Mish’s Economic Modern Family is made from 7 keys symbols that act as a guide for the stock market macro picture.
The Family consists of the Small-cap index Russell 2000 (IWM), Transportation (IYT), Retail (XRT), Regional …
Written by Forrest Crist-Ruiz
Monday, the small-cap index Russell 2000 (IWM) found support near the bottom of its range.
After last week’s selling, this could either be a temporary bounce or a fake-out before weakness again sets in.
Because we …
Written by Forrest Crist-Ruiz
After both the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) failed to hold or clear over the 50-Day moving average (blue line), the bleeding has not stopped.
Now that IWM and many key ETFs are …
Written by Forrest Crist-Ruiz
Wednesday, the stock market stuck with its choppy trend.
After Tuesday’s rally into resistance, we watched for either a reversal to the downside or a potential break to the upside as momentum had grown since last …
Written by Forrest Crist-Ruiz
Tuesday, the stock market rallied right into resistance from its major moving average, however, this time could be different.
While the market is choppy and traders should be extra careful, if Wednesday shows follow-through in both …