Written By Mish and Forrest
Friday was Triple witching day, meaning that stock options, stock index options, and stock futures contracts were all due to expire.
This happens four times a year and can lead to increased volume as money …
Written by Mish and Forrest
FOMC report came out today keeping rates unchanged as the Fed continues to buy into bonds thus, supporting the market going forward.
Both the S&P 500 (SPY) and the Nasdaq 100 (QQQ) closed green on …
Written by Mish and Forrest
In the past month we have written about the Russell 2000 (IWM) Index leading the market higher.
Recently, IWM's stellar performance has revealed it as the new superhero of Mish’s Economic Modern Family.
Today was …
Written by Mish and Forrest
Monday the tech sector (SMH) and biotechnology sector (IBB) held as the other sectors of the Economic Modern Family failed to hold their gaps.
Similarly to SMH, the only major index to close green today …
Written by Mish
This past week, we saw the market peak in some areas, while others look more like a healthy correction in the works.
The weakest area and one that we wrote about last Wednesday is the reversal top …
There have been many stimulus bills that have been denied, pushed off and almost forgotten about since the initial March selloff.
This time was supposed to be different, since its key purpose was to be a condensed plan in order …
Weekly chart PHO
Written by Mish and Forrest
California Water futures have been added to the list of tradable commodities.
Historically commodity futures contracts were first created as a way for farmers to hedge against fluctuating crop prices.
If someone …
Written by Mish and Forrest
The current market situation shows a quick attempt to push a smaller stimulus bill by the end of December before eviction protection and unemployment benefits end.
If failed it could potentially leave as many as …
Written by Mish and Forrest
In the past couple of weeks we’ve talked about the rise of oil and gas exploration (XOP).
Friday, (XOP) closed with just under an 8% gain for the day.
It’s recent break over the 200 …
Written by Mish and Forrest
In Santa Fe New Mexico we awoke with freezing temperatures and fresh snow.
This week the state lifted the current lockdown with restaurants now being able to serve at 25% occupancy outdoors.
I can hardly …
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