Written by Forrest Crist-Ruiz
Wednesday showed weakness in key sectors including the biotech (IBB), semiconductors (SMH), and the transportation sector (IYT).
We have closely been watching the transportation sector for improving strength as it has attempted to clear its 50-Day …
Written by Mish
As many of you know, I am on many media outlets talking about the market, commodities, the state of the economy, and yes-I was one of the first to talk about stagflation.
Oftentimes, I am joined by …
Written by Mish
The key sector to reflect optimism/pessimism about consumers, industrial demand, supply chain issues and the upcoming budget proposals is Transportation (IYT).
The Retail sector improved to start the week. As measured by XRT, we see an improved …
Last week began with fears on an Evergrande (China’s leading property developer) debt default fueling a technically damaging gap down. The Monday morning gap put the SPY and QQQ well below their 50-day moving averages (DMA), the IWM well under …
Written by Forrest Crist-Ruiz
Friday the transportation (IYT) sector made a comeback from this week’s lows along with clearing resistance from its 200-Day moving average (DMA) at $249.46.
Next it will need to clear its 50-DMA at $252.16.
A strong …
Written by Forrest Crist-Ruiz
Wednesday the Fed announcement continued past promises of reducing their bond-buying program and keeping interest rates low.
The 120-billion-dollar bond-buying program will first look to reduce 15 billion per month beginning near the end of the …
Written by Forrest Crist-Ruiz
Tuesday the Market attempted a recovery with an initial gap higher followed by choppy price action throughout the day.
Because the market is not selling off like it did early Monday, this is showing that the …
Written by Forrest Crist-Ruiz
Some people say that trading takes nerves of steel and insane willpower.
Maybe people with these skills exist, but to become successful at trading you don’t need to have such rare superpowers.
What a successful trader …
Stocks were mostly weaker, led by the S&P 500 and the Nasdaq 100 which were both down about -0.8 % on the week.
Several things are looming over the market… like the debt ceiling needing to be raised, which is …
Written by Forrest Crist-Ruiz
Friday, the S&P 500 (SPY) broke an important support level by closing under the 50-Day moving average and this week's low.
While this was an important level to break it was also a very clean and …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
