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 …
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 …
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 …
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).…
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 …
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 …
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 …
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 …
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) …
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 …