Written by Forrest
The Nasdaq 100 (QQQ) has made new all-time highs on the heels of Coinbase direct listing on April 14th.
Coinbase is currently the most popular exchange for buying crypto and has attracted a large amount of popularity …
Written by Forrest
Monday the Economic Economic Modern Family which consists of 1 index and 5 key sectors showed mixed signals as half of the Family closed down for the day.
Currently, the Russell 2000 (IWM), Biotech (IBB) and Semiconductors …
This week, another sporting event, The Masters, invokes the steep tradition many avid fans anxiously await. Many golfer friends are glued to the TV Saturday and Sunday on Master's weekend.
I am not a golfer, but the true talent that …
Written by Forrest
Last week’s focus was the Russel 2000 (IWM), Transportation ETF (IYT), and Semiconductors ETF (SMH).
IWM has shown us general market direction and sentiment as it contains 2000 small cap U.S companies.
IYT is the backbone or …
Written by Forrest
The FOMC Minutes report released Wednesday stated little to no change.
Rates will stay low until 2023 and the monthly $120-Billion bond buying program will stay in place.
The Fed has been hesitant to change any fiscal …
Written by Forrest
Monday, we talked about the momentum in the Transportation (IYT) and Semiconductors (SMH) sectors, which showed strength when compared to the Russell 2000 (IWM).
Tuesday, IYT closed near Monday’s low making it a potential bearish engulfing day. …
Written by Forrest
SMH and IYT are the strongest members of the Economic Economic Modern Family as they are both in a bullish phase in price and in momentum.
We are measuring momentum based on MarketGauges proprietary indicator RealMotion.
RealMotion …
I hope you’ve had a great week.
From the entire MarketGauge family to you and your family, we wish you a happy Easter (if you celebrate it), and to our Jewish friends, a belated Happy Passover holiday.
We are grateful …
Written by Forrest
Thursday, both the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) cleared major resistance levels from the 50-day moving average.
In many traders/investors’ minds this has opened the bullish flood gates with new highs in view.
Additionally, …
Written by Forrest
Last Thursday, the retail sector ETF XRT opened near its 50-Day moving average.
It closed with a large range on increased volume which was a good sign of strength.
Though it has not made a decent sized …
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