Written by Forrest Crist-Ruiz
Mish’s Economic 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), …
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 …
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 …
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