Written by Forrest Crist-Ruiz
Tuesday, many commodity ETFs gapped lower while the major indices gapped up.
Additionally, the Russell 2000 (IWM) finally cleared its pivotal price level at $209.
However, while the indices made a nice close on the day, …
Written by Forrest Crist-Ruiz
The S&P 500 (SPY) and the Nasdaq 100 (QQQ) continue to trek upwards along with the Dow Jones (DIA).
While the DIA and QQQ still need to clear their 200-DMA the 4th major index flashes a …
Written by Forrest Crist-Ruiz
Although we’ve had a choppy week in the market, key areas held in the major indices showing upside potential for Monday.
Currently, the main support levels are near the 50-Day moving average (blue line) in the …
Written by Forrest Crist-Ruiz
Though it’s easy to forget about meme stock as they’ve been out of focus for a while, the big two have made a comeback over their 50-Day moving average.
GameStop (GME) and AMC Theatres (AMC) as …
Written by Forrest Crist Ruiz
We have and continue to use Mish’s economic Modern Family to successfully navigate through the pandemic and now in 2022, we use its insights to guide us through a year that has three main overhead …
As Forrest typically writes the Daily commentary, and quite well I might add, today please consider me a guest host to my own blog.
As such, I want to wrote about a setup not quite ready, but one that should …
Written by Forrest Crist-Ruiz
After the quarter-percent rate increase, the market continues to rally off recent lows.
Now all the major indices besides the Nasdaq 100 (QQQ) have cleared resistance from their 50-Day moving average as seen in the above …
Written by Forrest Crist-Ruiz
Wednesday, the market rallied into the Feds rate announcement, showing speculator's optimism given the current downward trend.
It also helped that Monday, the Nasdaq 100 (QQQ) held key support at $318 sparking a rally on Tuesday.…
Written by Forrest Crist-Ruiz
The overall trend in the major indices is downward.
Though we’ve had small rallies, our last jump in price was minor and right into resistance.
Specifically looking at the QQQs we have reached a key support …
Written by Forrest Crist-Ruiz
Major indices end on a weak note with the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) closing down 1.5%.
With that said, gold (GLD) and silver (SLV) while down half a percent, are holding a …
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