Written by Forrest Crist-Ruiz
Earnings season is upon us and the banks have been kicking it off.
However, the kickoff has been weak as seen in the above chart of the regional banking ETF (KRE).
With that said, if KRE …
Written by Forrest Crist-Ruiz
On Wednesday we questioned if the stock market was setting a trap for traders by having a strong close for the day near resistance areas.
Then on Thursday the market reversed closing down on the day.…
For the past two weeks, the market has been trending lower.
With certain sectors sitting in oversold territory, we could be ready for a pop-up in price.
However, this is a tricky spot since a rally would be right into …
Written by Forrest Crist-Ruiz
Last Friday we bought the Invesco Agricultural fund based on a breakout from a consolidation area.
With inflation continuing higher, we see food prices joining for the ride.
One problem with soft commodities is when countries …
Written by Forrest Crist-Ruiz
As of writing this article, Bitcoin is trading just under 40k.
It has failed 3 key points and now people are getting scared.
With that said, is this just a quick spook before it gets back …
Written by Forrest Crist-Ruiz
Recently we have focused on the Russell 2000 (IWM) small-cap index.
Since IWM shows a large variety of companies, it gives a great picture of where the overall market is trading and where it could go …
Written by Forrest Crist-Ruiz
Wednesday, the Russell 2000 (IWM) made a divergence in price and our momentum indicator Real Motion (RM).
In the above chart we can see that while the price has broken underneath the 50-Day moving average (blue …
Written by Forrest Crist-Ruiz
Last Friday Regional Banking Sector ETF (KRE) closed underneath its 200-Day moving average.
This can be seen in the above chart with the green line showing the 200-DMA.
However, while this was a key area to …
Written by Forrest Crist-Ruiz
The past week was a chop fest in the major indices with large intraday price swings.
While the 3 major indices closed roughly flat on Friday, the Russell 2000 (IWM) made a late-day turnaround ending up …
Written by Forrest Crist-Ruiz
Recently we talked about the volatility fund standing its ground in price.
While the market has been trending higher, the short-term volatility fund S&P 500 VIX (VXX) was able to stay mostly over its 200-Day moving …
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