Co-Written by Mish and Forrest
These past weeks we’ve talked about the market's hopes of a quick stimulus package.
Today showed how easily the market can flip when stimulus hope fades. It also shows that the market can trade higher …
Co-Written by Mish and Forrest
If the market could talk, it might say that the Economic Modern Family is happy.
Perhaps happier than they have been in a long time.
Starting Friday, Forrest and I pointed out that the Russell …
Written by Forrest Crist-Ruiz
Our president and first lady contracted covid. That yielded a morning gap down, followed by a rally. That rally was partially based on hope for the stimulus.
These are some of the biggest thoughts on traders …
Co-Written by Mish and Forrest
We’ve recently talked about higher volatility in the market with the election date closing in.
In these past couple of weeks, we’ve seen the market jump around quite a bit.
We’re in a choppy market …
Co-Written by Mish and Forrest
It’s time to start watching the homebuilding sector. We can look at this using the symbol XHB, which is an ETF based off the SPY.
The reason that homebuilders are interesting right now, is because …
Written by Forrest Crist-Ruiz
Today’s large gap up in the indices can pose some great morning questions. The biggest one being should I buy the gap, or should I wait to see where things go?
You don’t want to chase …
Co-Written by Mish and Forrest
Coming into the weekend we have more time to look over our charts, gather our thoughts and take a step back to grasp the larger picture.
So, let’s get right to it!
From bullish to …
Co-Written by Mish and Forrest
Today the QQQs, SPY, and DIA, closed near the September 21st lows which we noted as possible support.
While we rallied intraday, we also sold off, giving back most of the days upward progress.
The …
Co-Written by Mish and Forrest
Let’s start with the 4 major indices, the SPY, QQQ, DIA, and IWM.
They all sold off today breaking yesterday’s lows. Besides IWM, they are still not below their recent low from September 21st.
If …
Co-Written by Mish and Forrest Crist-Ruiz
Yesterday Mish talked about watching junk bonds (JNK) to see if the Fed would continue supporting high risk companies.
Today JNK had an inside day. This comes after a large red day where JNK …