Written by Mish and Forrest
The market has stopped the bleeding with a rally into Friday’s close.
The small caps index Russell 2000 (IWM) held over its 50-day moving average of 213.40.
Additionally, the retail (XRT) and transportation (IYT) sectors …
Written by Mish and Forrest
Wednesday was another disappointing day for the market as many short-term buyers from Tuesday got flushed out in the move lower.
However, with a second down day should we be worried about a potential correction …
Written by Mish and Forrest
Tuesday was a choppy day for the market, which had sporadic price swings plus a large amount of volatility.
These days are tough to trade as they can make it hard to see the daily …
Written by Mish and Forrest
Last Friday the market ended on a cliffhanger.
The Nasdaq 100 (QQQ) closed under its 50-day moving average while the S&P 500 (SPY) and Dow Jones (DIA) teetered on the edge of their 50-DMAs.
Not …
Written by Mish and Forrest
With all but one member of the Economic Modern Family in a bullish phase should we be worried, or does Monday hold the next piece of pivotal price action?
Before we attempt to answer this …
Written by Mish and Forrest
Tuesday, we talked about a reversal chat pattern in the Nasdaq 100 (QQQ) that was created from the price clearing over the 50-day moving average.
Although today began with price under the 50-DMA, QQQs turned …
Written by Mish and Forrest
Tuesday, the Nasdaq 100 (QQQ) broke the 50-day moving average before the end of day rally brought it back over.
This created a reversal pattern we like to call an expansion day.
An expansion day …
Written by Mish and Forrest
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space.
Invesco agricultural fund (DBA) recently cleared major resistance at 16.87 from the …
Written by Mish and Forrest
Despite worry of a pending market correction, talks of stimulus and an infrastructure package paired with a supportive Federal Reserve helped boost market moral this week.
However, specific sectors which suffered are now looking to …
Written by Mish and Forrest
Wednesday could be a pivotal day for the market.
With a gap down in the major indices the market continued to sell-off until finding some late-day support, especially in the Dow which closed green.
A …
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