Written by Forrest
Tuesday, the transportation sector closed green on the day, while the rest of the Economic Economic Modern Family closed red.
The most prominent break of support came from the Russell 2000 (IWM) and the Regional Banking sector …
Written by Forrest
Although every member of the Economic 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 …
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 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 …
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 …
Written by Forrest
The FOMC Minutes report released Wednesday stated little to no change.
Rates will stay low until 2023 and the monthly $120-Billion bond buying program will stay in place.
The Fed has been hesitant to change any fiscal …
Written by Forrest
Monday, we talked about the momentum in the Transportation (IYT) and Semiconductors (SMH) sectors, which showed strength when compared to the Russell 2000 (IWM).
Tuesday, IYT closed near Monday’s low making it a potential bearish engulfing day. …
Written by Forrest
SMH and IYT are the strongest members of the Economic Economic Modern Family as they are both in a bullish phase in price and in momentum.
We are measuring momentum based on MarketGauges proprietary indicator RealMotion.
RealMotion …
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