Written by Forrest Crist-Ruiz
Wednesday, the market continued the prior days' sell-off.
This has placed the overall market trend in a pivotal area as more sectors begin to look weak.
This can be seen in Mish’s Economic Modern Family which …
Written by Forrest Crist-Ruiz
Tuesday, the Nasdaq 100 (QQQ), Russell 2000 (IWM), and S&P 500 (SPY) gapped lower followed by a rally.
One of the most important indices to gap lower was the teach heavy index QQQ.
This is important …
Written by Forrest Crist-Ruiz
The Russell 2000 (IWM) and the Nasdaq 100 (QQQ) both broke their 50-Day moving averages.
Meanwhile, Transportation IYT printed another new all-time high. This shows the market's current indecision and choppy nature.
The market's uncertainty may …
Written by Forrest Crist-Ruiz
Friday, Non-farm payrolls were announced with a disappointing 266,000 jobs created compared to the roughly 1 million that economists had predicted.
However, the gap in expectations did not result in a market selloff.
This could be …
Written by Forrest Crist-Ruiz
Recently there has been a surge of articles pertaining to rising inflation as the Federal Government plans to add more debt with upcoming spending from the infrastructure bill and another stimulus package.
Inflation has also become …
Written by Forrest
Tuesday, comments from Janet Yellen, stated that “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat”.
The market was already trending lower on the day after its …
Written by Forrest
Monday the transportation sector (IYT) closed the day +1.4% along with the Retail sector (XRT) also performing well up +2.11%.
Theses two sectors are currently attempting to lead the market higher, but are having trouble getting other …
Written by Forrest
Last Thursday the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday showing that the market still had some overhead resistance.
Driving reasons could be related to fears of …
Written by Forrest
The first half of Wednesday saw minimal movement in the major indices, due in large part to the anticipation for the FOMC minutes that were later released at 2 pm ET.
However, like the prior FOMC report, …
Written by Forrest
This week, three of the major indices including the Nasdaq 100 (QQQ), Dow Jones (DIA), and the S&P 500 (SPY) have been lingering near highs without the ability to break out.
However, food commodities such as corn …
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