Written by Mish and Forrest
Despite worry of a pending market correction, talks of stimulus and an infrastructure package paired with a supportive Federal Reserve helped boost market moral this week.
However, specific sectors which suffered are now looking to …
Written by Mish and Forrest
Wednesday could be a pivotal day for the market.
With a gap down in the major indices the market continued to sell-off until finding some late-day support, especially in the Dow which closed green.
A …
Written by Mish and Forrest
News surfaced Tuesday about stress on oil production from the recent temperature drop in the U.S.
Because water is involved in oil production it can freeze equipment, thereby halting the process.
Does this mean oil …
It was a good week for the Markets and with an NFC win (Tampa Bay), past information states that the markets tend to do better with a National Football Conference win. Foolish? Not really, with 74% winning odds of the …
Written by Mish and Forrest
The Economic Economic Modern Family members are all in a bullish phase with transportation (IYT) leading the charge.
A rundown of each member shows Russell 2000 (IWM) putting in some consolidation over Mondays low of …
Written by Mish and Forrest
With crazy market volatility and wide price swings, having a trading plan couldn’t be more important for a day like Wednesday.
At around 10:20 ET the market began to sell off rapidly, turning into a …
Written by Mish and Forrest
The Real Estate sector (IYR) has cleared an important price level at $88.76 or the high of 11/9/2020.
The real estate recovery has been slow compared to the rest of the market which is more …
Written by Mish and Forrest
Oil (USO) has blasted off with the rest of the market in the last 5 trading days. And that is after it cleared the key 50-week moving average 4 weeks ago.
This bodes well for …
This week I was speaking to a Financial Advisor friend and he was lamenting about the fact that he had several older important clients that became “freaked out” in February-March period last year (2020) and demanded that he liquidate their …
Written by Mish and Forrest
The transportation sector (IYT) has entered back into a bullish phase.
A bullish phase is when the price is over the 50-day moving average, and the 50-DMA is over the 200-DMA.
IYT is now back …