Written by Forrest Crist-Ruiz
The Consumer Staples ETF (XLP) is known to be an area of focus through market downturns as it offers exposer to companies that are historically safety plays.
Some of XLP’s biggest holdings include companies such as …
Written by Forrest Crist-Ruiz
Friday, the chair of the Federal Reserve –Jerome Powell spooked the market when he announced that the Fed would keep rates near zero and continue with its tapering schedule.
Though the market cannot blame Powell for …
Written by Forrest Crist-Ruiz
Both the S&P 500 (SPY) and the Dow Jones (DIA) are poised to hit new highs, while the Nasdaq 100 (QQQ) and the small-cap index Russell 2000 (IWM) have a bit more territory to clear.
The …
Written by Forrest Crist-Ruiz
Netflix (NFLX) will report earnings after Tuesday’s market close.
Although previous earnings for the company have been dreary at best with an average earnings surprise of less than half a percent for the past three quarters, …
Written by Forrest Crist-Ruiz
Earnings season has taken the stage for the next couple of weeks as the market steadies itself for another move higher.
Of course, another push higher means that companies will need to outperform or show signs …
Written by Forrest Crist-Ruiz
As seen on the above chart, two of the major indices including the S&P 500 (SPY) and the Dow Jones (DIA) cleared prior resistance from their 50-Day moving averages (DMA).
On the other hand, the Russell …
Written by Forrest Crist-Ruiz
For the past year, the Fed has stuck to its guns on the idea that supply-chain disruptions are causing a short-term increase in inflation, and that in 2022 inflation will decrease towards their 2% target.
However, …
Written by Forrest Crist-Ruiz
Monday, we talked about specific sectors weakening as they teetered on the edge of support from their major moving averages.
The main three were Transportation (IYT), Retail (XRT), and Semiconductors (SMH).
It just so happens that …
Written by Forrest Crist-Ruiz
Monday, the major indices attempted a reversal of Friday's price action but failed. This created another late-day selloff.
Does this mean we should prepare ourselves for another move lower or does the market have support to …
Written by Forrest Crist-Ruiz
The recent jobs report came in less than expected with analysts’ estimates running anywhere from 250,000 to 500,000 new jobs created. Disappointingly employers added only 194,000 jobs in September.
Although the numbers mean slower progress towards …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Modern Family
Mish's Articles
View Mish's article archive
