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 …
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 …
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 …
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