Written By Forrest Crist-Ruiz
The Russell 2000 (IWM) closed over its previous 3 trading days, making a small breakout from a consolidation area that has also held over its 10-Day moving average at $181.38.
Additionally, many of Mish’s Economic Economic …
Written by Mish
Buying ahead of taking out last week's high was premature.
Getting overly negative unless we fail last week’s low is equally premature.
I realize how sexy it is to be either very bullish or very bearish. And …
Written by Mish
Since 2010, QE saved the markets and the economy, which in turn led to big tech as the 10-year bull market savior.
The monthly chart of QQQs, which goes back from the dot com bubble, highlights the …
Written by Forrest Crist-Ruiz
Energy plays have some of the best chart setups right now from a momentum breakout standpoint.
A perfect example of this can be seen in the above chart of the United States Oil Fund (USO).
Currently, …
Written by Forrest Crist-Ruiz
For the moment the downward trend stays intact as the market and media embrace more negative news.
News of a housing market top, increasing inflation, geopolitical stress, and more add a dampener to investor sentiment.
However, …
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 …
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