US Equity markets are all in see-saw patterns now, pushing up and down into resistance and support.
This action exemplifies an uncertain economic environment whereby one indicator can come out positive and the next day another indicator or economic number …
Written by Forrest Crist-Ruiz
The four major indices are split between two phases.
The first is a bullish phase. This is created when the price of a symbol is trading over its 50-Day moving average with the 50-DMA over the …
Written by Forrest Crist-Ruiz
Wednesday, the four major indices gapped lower based on the failure of the Russell 2000 (IWM) and the Nasdaq 100s’ (QQQ) ability to clear resistance from their 50-Day moving averages.
However, IWM did not reach its …
Written by Forrest Crist-Ruiz
The Russell 2000 (IWM) and Nasdaq 100 (QQQ) have yet to clear over their 50-Day moving average which has created a pivotal and psychological resistance level that bulls are looking to clear.
Additionally, other key sectors …
Written by Forrest Crist-Ruiz
Last Friday the market closed on a high note with a rally off the lows of 05/12.
This was a bullish sign, yet the rally also pushed prices into a resistance area.
The mixed sentiment from …
Last week we discussed that after new highs in the Dow and S&P, the NASDAQ100 has been “stuck in first gear” and that the Fed is stuck between a “rock and a hard place.” We’re seeing 1970s’ style inflation being …
Written by Forrest Crist-Ruiz
This past week dip buyers saved the market from breaking lower.
Retail (XRT) and Regional Banking (KRE) sectors have cleared back over resistance from their 50-Day moving averages followed by the Biotech (IBB) clearing back over …
Written by Forrest Crist-Ruiz
Wednesday, the market continued the prior days' sell-off.
This has placed the overall market trend in a pivotal area as more sectors begin to look weak.
This can be seen in Mish’s Economic Economic Modern Family …
Written by Forrest Crist-Ruiz
Tuesday, the Nasdaq 100 (QQQ), Russell 2000 (IWM), and S&P 500 (SPY) gapped lower followed by a rally.
One of the most important indices to gap lower was the teach heavy index QQQ.
This is important …
Written by Forrest Crist-Ruiz
The Russell 2000 (IWM) and the Nasdaq 100 (QQQ) both broke their 50-Day moving averages.
Meanwhile, Transportation IYT printed another new all-time high. This shows the market's current indecision and choppy nature.
The market's uncertainty may …
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
