Written by Forrest Crist-Ruiz
Tuesday, the retail earnings report came out -0.8% lower than expected, amid recent highs in two of the major indices.
This caused the market to gap lower following a continued selloff throughout the day.
However, the …
Written by Forrest Crist-Ruiz
Since mid-May, the Transportation sector (IYT) has been trending lower.
Currently, IYT sits just under resistance from its 50-Day moving average at $257.98.
Additionally, the small-cap index Russell 2000 (IWM) has traded sideways for over a …
As a result of the much-anticipated earnings season, which is now winding down…
Last week, important players on Wall Street and main street hit new extremes in sentiment on both ends of the spectrum.
As you’ll read below, if it …
Written by Forrest Crist-Ruiz
Recently we talked about the ongoing battle between the Regional Banking Sector (KRE) and the 20+ Year Treasury Bonds ETF (TLT).
Each has its 50-Day moving average nearby and is looking to use them as potential …
Written by Forrest Crist-Ruiz
From June to late July, Regional Banking ETF (KRE) has been stuck within a downward trend.
Coming close to its 200-Day moving average, it was able to find some support and from there consolidated over the …
Written by Forrest Crist-Ruiz
One of the best ways to get a quick snapshot of the market is by using Mish’s Economic Economic Modern Family.
Using 5 sectors and 1 index, it can help guide us through the overall market …
Written by Forrest Crist-Ruiz
Monday, Bitcoin cleared its major moving average while Ethereum, the second-largest cap currency, tested its new support level at $2900.
For the moment, this shows the crypto space can hold its weekend progress.
Often, the weekend …
The stock markets rallied sheepishly into Friday’s job, then apparently got what they needed to relax despite volatility in Gold, interest rates and the dollar.
This is not normal market behavior.
The SPY was so relaxed by the report that …
Written by Forrest Crist-Ruiz
Two of the major Crypto Currencies including Ethereum ($ETH) and Bitcoin ($BTC) are looking to clear and hold over resistance.
Bitcoin at 40 – 42k and Ethereum at $2900.
Their next test is to hold at …
Written by Forrest Crist-Ruiz
In the past couple of weeks, the market has shown to have higher volatility paired with scattered daily price action.
With the recent discovery of yet another Covid-19 variant (Lambda) and with the spread of the …
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