Is the Russell 2000 (IWM) Back on Track to New Highs?

Mish Schneider | April 26, 2021

Written by Forrest

Sunday, we concluded that if most of the major indices could clear to new highs along with the Russell 2000 (IWM) breaking out of resistance from $226.69, the market had the potential to make a powerful move …


Are the Major Indices Poised for a Powerful Move Up Monday?

Mish Schneider | April 25, 2021

Written by Forrest

The Russell 2000 (IWM), Nasdaq 100 (QQQ), Dow Jones (DIA) and the S&P 500 (SPY) all have the potential to make large moves Monday, if they clear their resistance levels together.

This month, the SPY, QQQ, and …


Saved by Hidden Support

Mish Schneider | April 21, 2021

Written by Forrest

Wednesday, the major indices along with key sectors held pivotal support areas.

In the chart above we can see that the small-cap index Russell 2000 (IWM) has put in some work to create a head and shoulders …


Is the Transportation Sector (IYT) the Markets Silver Lining?

Mish Schneider | April 20, 2021

Written by Forrest

Tuesday, the transportation sector closed green on the day, while the rest of the Economic Modern Family closed red.

The most prominent break of support came from the Russell 2000 (IWM) and the Regional Banking sector (KRE).…


Key Support Levels that Need to Hold

Mish Schneider | April 19, 2021

Written by Forrest

Although every member of the Economic Modern Family closed down on Monday, none broke their major support areas.

Here is a quick rundown of where each member’s closest support level is.

First, we have the Russell 2000 …


Why We Bought Gold (GLD) Before Thursdays Gap Up

Mish Schneider | April 18, 2021

Written by Forrest

Last Wednesday, Mish went live on Fox Business “Making Money with Charles Payne” and gave out a very bold pick.

Or, at least bold in the eyes of the general populous as most of the media’s coverage …


Why the Nasdaq 100 (QQQ) Needs to Hold Near Highs

Mish Schneider | April 14, 2021

Written by Forrest

Tuesday, we talked about the Coinbase (COIN) public listing, and how waiting for the dust to settle would be a good plan as there is no prior price action or history to base projections from a technical …


How Does Coinbase Affect the Tech Sector?

Mish Schneider | April 13, 2021

Written by Forrest

The Nasdaq 100 (QQQ) has made new all-time highs on the heels of Coinbase direct listing on April 14th.

Coinbase is currently the most popular exchange for buying crypto and has attracted a large amount of popularity …


How to Read The Mixed Market Picture

Mish Schneider | April 12, 2021

Written by Forrest

Monday the Economic Modern Family which consists of 1 index and 5 key sectors showed mixed signals as half of the Family closed down for the day.

Currently, the Russell 2000 (IWM), Biotech (IBB) and Semiconductors (SMH) …


How to Navigate the Market With These 3 Symbols

Mish Schneider | April 11, 2021

Written by Forrest

Last week’s focus was the Russel 2000 (IWM), Transportation ETF (IYT), and Semiconductors ETF (SMH).

IWM has shown us general market direction and sentiment as it contains 2000 small cap U.S companies.

IYT is the backbone or …