Written by Forrest Crist-Ruiz
For the past year, the Fed has stuck to its guns on the idea that supply-chain disruptions are causing a short-term increase in inflation, and that in 2022 inflation will decrease towards their 2% target.
However, …
Written by Forrest Crist-Ruiz
Monday, we talked about specific sectors weakening as they teetered on the edge of support from their major moving averages.
The main three were Transportation (IYT), Retail (XRT), and Semiconductors (SMH).
It just so happens that …
Written by Forrest Crist-Ruiz
Monday, the major indices attempted a reversal of Friday's price action but failed. This created another late-day selloff.
Does this mean we should prepare ourselves for another move lower or does the market have support to …
After a brief market pause, we got a pullback from short term oversold levels and saw stocks resume their upward trend, partially fueled by a much narrower, large-cap stock rally.
This leaves the major indexes stuck between their 50 and …
Written by Forrest Crist-Ruiz
The recent jobs report came in less than expected with analysts’ estimates running anywhere from 250,000 to 500,000 new jobs created. Disappointingly employers added only 194,000 jobs in September.
Although the numbers mean slower progress towards …
Written by Forrest Crist-Ruiz
Tuesday, we talked about the 6-month calendar range as a support level to hold in both the S&P 500 (SPY) and the Nasdaq 100 (QQQ).
Wednesday, both indices were able to hold support from their calendar …
Written by Forrest Crist-Ruiz
Calendar ranges have been used for a long time in charting as important levels to clear or break down from.
Investors can view price as bullish when over the range and bearish when trading under.
We …
Written by Forrest Crist-Ruiz
While the major indices continue to weaken, U.S factories have seen a 1.2% increase in orders in August.
This shows that although equities are struggling, the demand for goods is steady.
Therefore, now is the time …
Equity markets closed negative for the month of September led by the NASDAQ 100 (-5.5%) as US markets finally broke a multi-month winning streak.
Meanwhile the US dollar continued to outperform it peers. In fact, it appears that investors prefer …
Written by Mish
The U.S Dollar chart as represented by UUP, the Invesco DB US Dollar ETF, shows some classic signs of a top.
Before I delve deeper into the technicals though, let’s look at the fundamental reasons for the …
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