Written by Forrest
Thursday, both the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) cleared major resistance levels from the 50-day moving average.
In many traders/investors’ minds this has opened the bullish flood gates with new highs in view.
Additionally, …
Written by Forrest
Last Thursday, the retail sector ETF XRT opened near its 50-Day moving average.
It closed with a large range on increased volume which was a good sign of strength.
Though it has not made a decent sized …
Written by Forrest
Last Friday the Russell 2000 (IWM) index and Semiconductors (SMH) cleared their 50-Day moving average.
From a technical standpoint this looked as though the rally would continue into Monday.
At least that is what traders/investors were hoping …
Written by Forrest
Mish’s Economic Economic Modern Family is made up of 5 key sectors and 1 index.
Each member has been specifically chosen to help investors/traders navigate the market by giving an easy way to see emerging trends and …
ETF Summary
S&P 500 (SPY) 385.80 support the 50-DMA
Russell 2000 (IWM) Watching to test the 50-DMA at 220.31
Dow (DIA) Held 320 support.
Nasdaq (QQQ) Needs to stay over 309.
KRE (Regional Banks) Support 50-DMA at 62.82.
SMH (Semiconductors) …
Written by Forrest
Wednesday the Russell 2000 (IWM) confirmed a cautionary phase change with a second close under the 50-day moving average.
A cautionary phase is defined by current price sitting under the 50-DMA with the 50-DMA over the 200-DMA.…
Written by Forrest
Tuesday, the Nasdaq 100 (QQQ) came close to clearing the 50-day moving average at $321.08.
This was the second attempt to clear this moving average with the first attempt happening last week.
Though the QQQs were unable …
Last week increasing bond yields had the market worried.
Come Monday, the 20+ year treasury bond ETF (TLT) gapped higher and ended the day up 1.12%
This fared especially well for growth stocks as the Nasdaq 100 (QQQ) tests resistance …
When to Trade and When to Do Nothing...
The easy answer to this question is if you do not know what to do, you should probably do nothing.
But it gets more complicated if you do not know why you …
S&P 500 (SPY) Sitting on 391.08 10-DMA. Further break could lead to move back to 50-DMA at 385
Russell 2000 (IWM) 219.13 next support area from 50-DMA
Dow (DIA) Watching to hold 328 area.
Nasdaq (QQQ) Failed to hold over …
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
