Written by Forrest Crist-Ruiz
Currently, the major indices are trading near the lows of December or in the case of IWM near the bottom of its trading range around $208.
With 2021 wrapping up, there is still a lot of …
Written by Forrest Crist-Ruiz
While the Nasdaq 100 (QQQ) is down 0.3% on Friday's close, Cathy Woods Ark Innovation ETF (ARKK) closed over 6% on the day.
Additionally, ARKK made a strong close over yesterday high showing added strength when …
Written by Forrest Crist-Ruiz
Wednesday, investors waited for the FOMC minutes release at 2 PM EST to see whether the Fed would be hawkish or dovish in its response to the recent Producer Price Index report (PPI).
With the PPI …
Written by Forrest Crist-Ruiz
The Producer Price Index is accelerating at a quick pace with a 0.8% increase this November.
For the year, producer prices are up 9.6%.
As the media and market digest the increase in prices, the stagflation …
Written by Forrest Crist-Ruiz
Tis the season for a Santa Claus rally.
Though the reasons for a Santa Claus rally are debatable, the main school of thought is that because there is less institutional participation in the market with many …
Written by Forrest Crist-Ruiz
With a stock market gap up on Tuesday, many traders scrambled to re-enter as they grappled with FOMO (fear of missing out).
Additionally, the market is reaching a pivotal point as traders who piled in, wait …
Written by Forrest Crist-Ruiz
Over the past three trading days, the major indices have made a remarkable rally from the recent lows.
However, the small-cap index Russell 2000 (IWM) has only bounced back into the middle of its trading range.…
Written by Forrest Crist-Ruiz
Two sectors within Mish’s Economic Modern Family including transportation (IYT) and semiconductors (SMH) have rallied near all-time highs.
Now we should watch for the highs to clear as this could signify the next step for economic …
Written by Forrest Crist-Ruiz
The Nasdaq 100 continues to show a weak hand.
Riddled with tech companies that are selling off, the Nasdaq 100 (QQQ) has struggled to hold over its 50-Day moving average at $381.02.
Having said that, the …
Written by Forrest Crist-Ruiz
I have recently heard a saying stating that the current market behavior can lead to “death by a thousand cuts.”
This is often the case in a choppy market where buyers and sellers are constantly battling …