Written by Forrest
This week, three of the major indices including the Nasdaq 100 (QQQ), Dow Jones (DIA), and the S&P 500 (SPY) have been lingering near highs without the ability to break out.
However, food commodities such as corn …
Written by Forrest
Sunday, we concluded that if most of the major indices could clear to new highs along with the Russell 2000 (IWM) breaking out of resistance from $226.69, the market had the potential to make a powerful move …
Last week investors were whipsawed with financially and emotionally taxing news and price action.
Yes, I'm referring to the news of President Biden proposing a doubling of the capital gains tax.
The market reaction was swift, decisive, and ugly, but …
Written by Forrest
The Russell 2000 (IWM), Nasdaq 100 (QQQ), Dow Jones (DIA) and the S&P 500 (SPY) all have the potential to make large moves Monday, if they clear their resistance levels together.
This month, the SPY, QQQ, and …
Written by Forrest
Wednesday, the major indices along with key sectors held pivotal support areas.
In the chart above we can see that the small-cap index Russell 2000 (IWM) has put in some work to create a head and shoulders …
Written by Forrest
Tuesday, the transportation sector closed green on the day, while the rest of the Economic Economic Modern Family closed red.
The most prominent break of support came from the Russell 2000 (IWM) and the Regional Banking sector …
Written by Forrest
Although every member of the Economic Economic Modern Family closed down on Monday, none broke their major support areas.
Here is a quick rundown of where each member’s closest support level is.
First, we have the Russell …
Last week saw a lot of assets and indicators go up yet again.
This is a theme that the market will likely continue to grapple with for the next several weeks or months because we are in the midst of …
Written by Forrest
Last Wednesday, Mish went live on Fox Business “Making Money with Charles Payne” and gave out a very bold pick.
Or, at least bold in the eyes of the general populous as most of the media’s coverage …
Written by Forrest
Tuesday, we talked about the Coinbase (COIN) public listing, and how waiting for the dust to settle would be a good plan as there is no prior price action or history to base projections from a technical …
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