Written by Forrest Crist-Ruiz
Oil makes a reversal pattern and rejects its 80-month moving average; however, will the overall trend stay intact, or has Wednesday signified an end to the crazy oil rally?
Looking at the above chart of the …
Written by Forrest Crist-Ruiz
After oil surges in volume from the U.S import ban on Russian oil, oil ETF (USO) closes roughly unchanged from its opening price.
This makes USO interesting to watch for Wednesday’s trading session since the price …
Written by Forrest Crist-Ruiz
The U.S stock market continues to display pressure from the Russian—Ukraine war.
Additionally, High Yield Corporate Debt (JNK) broke support from its recent lows at $101.99.
Because we frequently use JNK as a risk on/off indicator, …
Written by Forrest Crist-Ruiz
The past couple of weeks have given us a new range to watch in the stock market.
A positive jobs report has been seemingly muted by indecision within the major indices.
Therefore, we can look at …
Written by Forrest Crist-Ruiz
Geopolitical stress from the Russia/Ukraine situation piles onto the market and the Fed which is now faced not only with worries of the U.S inflation numbers but extra price surges in energy.
Though the Fed has …
Written by Forrest Crist-Ruiz
Last week the major indices made a successful rally back into a short-term support area.
However, many see the price move as a rally back into a volatile resistance zone leading people to believe we could …
Written by Forrest Crist-Ruiz
The Regional Banking ETF (KRE) has made two consecutive closes over its 50-Day moving average confirming a bullish phase change.
KRE is also the only ETF in Mish’s Economic Modern Family that is holding a bullish …
Written by Forrest Crist-Ruiz
At the beginning of the week, investors worried as the market sold off.
Then Thursday, the major indices made a large gap lower igniting many to believe we had entered the beginning of a bear market.…
Written by Forrest Crist-Ruiz
Many traders actively watch the market and believe there are always opportunities to make money.
It can seem that way as there is almost always a symbol sitting in the new 52-week high list or another …
Written by Forrest Crist-Ruiz
By the end of Tuesday, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) were able to rally off support from lows found in late January.
If they can hold their current prices, next we can …
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