Written by Mish and Forrest
News surfaced Tuesday about stress on oil production from the recent temperature drop in the U.S.
Because water is involved in oil production it can freeze equipment, thereby halting the process.
Does this mean oil …
Written by Mish and Forrest
The Economic Modern Family members are all in a bullish phase with transportation (IYT) leading the charge.
A rundown of each member shows Russell 2000 (IWM) putting in some consolidation over Mondays low of 223.40.…
Written by Mish and Forrest
With crazy market volatility and wide price swings, having a trading plan couldn’t be more important for a day like Wednesday.
At around 10:20 ET the market began to sell off rapidly, turning into a …
Written by Mish and Forrest
The Real Estate sector (IYR) has cleared an important price level at $88.76 or the high of 11/9/2020.
The real estate recovery has been slow compared to the rest of the market which is more …
Written by Mish and Forrest
Oil (USO) has blasted off with the rest of the market in the last 5 trading days. And that is after it cleared the key 50-week moving average 4 weeks ago.
This bodes well for …
Written by Mish and Forrest
The transportation sector (IYT) has entered back into a bullish phase.
A bullish phase is when the price is over the 50-day moving average, and the 50-DMA is over the 200-DMA.
IYT is now back …
Written by Mish and Forrest
With positive earnings out for big tech companies should investors’ appetite grow for companies like Google, (GOOGL), Microsoft (MSFT), and Amazon (AMZN) or should they look for more potential elsewhere?
This can be a very …
Written by Mish and Forrest
How much are you risking?
This is a key question to ask when making a trade and might even be the most important one to ask, as lately, the markets high volatility has created huge …
Written by Mish and Forrest
Dow Jones (DIA) sits alone under the 50-day moving average, while his friends, Russell 2000 (IWM), Nasdaq 100 (QQQ) and S&P500 (SPY) cleared Fridays highs and remain above their 50-DMAs.
Though only the DIA ended …
Written by Mish and Forrest
Out of the corner of my eye a message pops up on my screen saying “Hold the line! Selling here means Wall Street wins!”
This is one of thousands of posts found on big social …