Written by Forrest Crist-Ruiz
Bitcoin continues its rally up with a recent break over the 50K price level.
However, many investors are watching for Bitcoin to clear 51K as the next hurdle.
With that said, if we are expecting Bitcoin …
Written by Forrest Crist-Ruiz
Monday the market continued its rally from Friday of last week with the S&P 500 (SPY) and Nasdaq 100 (QQQ) clearing all-time highs.
Again, the tech sector and large-cap stocks are leading the market higher.
However, …
Written by Forrest Crist-Ruiz
Above is a chart of the Russell 2000 (IWM). It is one of the most valuable indices as it tracks 2000 small-cap companies and therefore gives a great picture of the overall market direction.
Since the …
Written by Forrest Crist-Ruiz
The Economic Economic Modern Family now has 5 members sitting in a confirmed cautionary phase.
A cautionary phase is defined by the 50-Day moving average stacked over the 200-DMA with the price between both moving averages.…
Written by Forrest Crist-Ruiz
Tuesday, the retail earnings report came out -0.8% lower than expected, amid recent highs in two of the major indices.
This caused the market to gap lower following a continued selloff throughout the day.
However, the …
Written by Forrest Crist-Ruiz
Since mid-May, the Transportation sector (IYT) has been trending lower.
Currently, IYT sits just under resistance from its 50-Day moving average at $257.98.
Additionally, the small-cap index Russell 2000 (IWM) has traded sideways for over a …
Written by Forrest Crist-Ruiz
Recently we talked about the ongoing battle between the Regional Banking Sector (KRE) and the 20+ Year Treasury Bonds ETF (TLT).
Each has its 50-Day moving average nearby and is looking to use them as potential …
Written by Forrest Crist-Ruiz
From June to late July, Regional Banking ETF (KRE) has been stuck within a downward trend.
Coming close to its 200-Day moving average, it was able to find some support and from there consolidated over the …
Written by Forrest Crist-Ruiz
One of the best ways to get a quick snapshot of the market is by using Mish’s Economic Economic Modern Family.
Using 5 sectors and 1 index, it can help guide us through the overall market …
Written by Forrest Crist-Ruiz
Monday, Bitcoin cleared its major moving average while Ethereum, the second-largest cap currency, tested its new support level at $2900.
For the moment, this shows the crypto space can hold its weekend progress.
Often, the weekend …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
