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 …
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 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 …