Written by Forrest Crist-Ruiz
Tuesdays the transportation sector (IYT) gapped higher on earnings from one of its top holdings, United Parcel Service (UPS).
Beating earnings per share estimates by 6.5%, UPS was able to bring IYT back over both its …
Written by Forrest Crist-Ruiz
The stock market has rallied right into resistance along with Bitcoin teetering at its 39k price level.
However, the market is holding its current trading area and though we are at a pivotal point, Wednesday could …
Written by Forrest Crist-Ruiz
The past week has been very challenging as the market can’t seem to pick a direction.
Though short-term momentum has more overhead pressure, even the bears have had difficulty shorting the choppy price action.
In times …
Written by Forrest Crist-Ruiz
Recently we’ve talked about trading the market with a rangebound stance.
This means we are looking to determine the main support/resistance levels the indices are trading within to define the current range and then watch for …
Written by Forrest Crist-Ruiz
The market is looking to hold its current price area along with Monday’s low as a new key support level.
Additionally, with many banks coming out of earnings season the Regional Banking ETF (KRE) is perking …
Written by Forrest Crist-Ruiz
The Stock market has been under pressure from upcoming interest rate hikes, inflation, and a worrying overseas situation in Ukraine.
However, Monday’s gap lower was followed by a late-day rally in all four major indices.
With …
Written by Forrest Crist Ruiz
As the stock market corrects and potentially forms a new trend, traders who don’t have strict plans might be wondering what to do next.
So far, many symbols along with the market are not dipping …
Written by Mish
So far these last couple of weeks, we have written and talked about trading ranges, January calendar ranges, inflation, stagflation and precious metals.
And, we have also talked and written about the Transportation sector as the prime …
Written by Mish
As we now enter the second half of January in a new year, the persistent trading range continues.
Particularly in the small caps or Russell 200 (IWM), since February 2021, the trading range has been from 204-233.…
Written by Forrest Crist-Ruiz
To get a quick overview of the markets direction, let’s look at Mish’s Economic Modern Family (MF).
Also, if you haven’t picked up Mish’s 2022 Yearly Outlook, here is a full report that not only shows …
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