Written by Mish and Forrest
The market has stopped the bleeding with a rally into Friday’s close.
The small caps index Russell 2000 (IWM) held over its 50-day moving average of 213.40.
Additionally, the retail (XRT) and transportation (IYT) sectors …
Written by Mish and Forrest
Wednesday was another disappointing day for the market as many short-term buyers from Tuesday got flushed out in the move lower.
However, with a second down day should we be worried about a potential correction …
Written by Mish and Forrest
Tuesday was a choppy day for the market, which had sporadic price swings plus a large amount of volatility.
These days are tough to trade as they can make it hard to see the daily …
Written by Mish and Forrest
Last Friday the market ended on a cliffhanger.
The Nasdaq 100 (QQQ) closed under its 50-day moving average while the S&P 500 (SPY) and Dow Jones (DIA) teetered on the edge of their 50-DMAs.
Not …
You may have noticed in our recent weekly Market Outlooks, and Mish’s Daily Updates that we continue to expect enhanced volatility. Why? The market has been on a straight upward trajectory since March of last year and some valuations have …
Written by Mish and Forrest
With all but one member of the Economic Economic Modern Family in a bullish phase should we be worried, or does Monday hold the next piece of pivotal price action?
Before we attempt to answer …
Written by Mish and Forrest
Tuesday, we talked about a reversal chat pattern in the Nasdaq 100 (QQQ) that was created from the price clearing over the 50-day moving average.
Although today began with price under the 50-DMA, QQQs turned …
Written by Mish and Forrest
Tuesday, the Nasdaq 100 (QQQ) broke the 50-day moving average before the end of day rally brought it back over.
This created a reversal pattern we like to call an expansion day.
An expansion day …
Written by Mish and Forrest
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space.
Invesco agricultural fund (DBA) recently cleared major resistance at 16.87 from the …
Winter struck in all its glory this past week. Most people, other than parts of Southern California, Arizona. South Florida & Hawaii, felt the sting. Very cold weather mixed with snow, and we all got to feel the wicked deep …