Written by Forrest Crist-Ruiz
Friday, the major indices including the small-caps Russell 2000 (IWM) and S&P 500 (SPY) closed underneath their 50-Day moving average.
However, on Monday, both reversed and ended the day above their 50-DMA.
With Friday’s weak price …
This week we heard from the Federal Reserve that there will be no change in the guidance for monetary policy in the immediate future. Rates will remain low for the time being, and by low, I mean near zero. This …
Written by Forrest Crist-Ruiz
After Wednesday’s Fed announcement, the stock market has been sitting in an uneasy state.
The U.S dollar (UUP) has not only firmed but has pushed over resistance from its 200-Day moving average at 24.69 confirming an …
Written by Forrest Crist-Ruiz
After the FOMC minutes were released on Wednesday, the market responded with a sharp selloff.
The Feds' underestimation of rising inflation pushed them to consider scheduling rate increases in 2023.
While 2023 is still far in …
Written by Forrest Crist-Ruiz
Monday, we talked about transitory inflation and decided that if general demand for goods was to continue with such strength, one of the best places to keep an eye on for investing opportunities could be in …
Written by Forrest Crist-Ruiz
The Federal Reserve has called inflation transitionary as they look for the economy to continue to recover and for more people to enter the workforce.
The Fed could be expecting inflation to settle down not only …
The recent runup in Meme stocks pushed by the Reddit crowd has turned Wall Street upside down and is something to sit up and take notice of. Many pros consider the recent price action a silly phenomena to be dismissed, …
Written by Forrest Crist-Ruiz
It is well known that supply chain disruptions in Taiwan and other leading countries which produce semi-chips for computers/Electric Vehicles have been struggling to keep up with demand.
Therefore, if the EV space is looking to …
Written by Forrest Crist-Ruiz
The S&P 500 (SPY) and the Small-caps Russell 2000 (IWM) linger near all-time highs.
This looks like a great setup for a rally past resistance and into higher territory.
However, there are two potential problems to …
Written by Forrest Crist-Ruiz
The transportation sector (IYT) bounced off $268 closing +.32% on the day.
This was a pivotal level to hold and becomes more important when compared to the rest of Mish’s Economic Economic Modern Family.
Besides IYT, …
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