Written by Forrest Crist-Ruiz
Major indices end on a weak note with the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) closing down 1.5%.
With that said, gold (GLD) and silver (SLV) while down half a percent, are holding a …
Written by Forrest Crist-Ruiz
Oil makes a reversal pattern and rejects its 80-month moving average; however, will the overall trend stay intact, or has Wednesday signified an end to the crazy oil rally?
Looking at the above chart of the …
Written by Forrest Crist-Ruiz
After oil surges in volume from the U.S import ban on Russian oil, oil ETF (USO) closes roughly unchanged from its opening price.
This makes USO interesting to watch for Wednesday’s trading session since the price …
Written by Forrest Crist-Ruiz
The U.S stock market continues to display pressure from the Russian—Ukraine war.
Additionally, High Yield Corporate Debt (JNK) broke support from its recent lows at $101.99.
Because we frequently use JNK as a risk on/off indicator, …
It has been another bumpy week for the market. One day the market was down -1.5%, followed by a quick +2.5% bounce, only to again retreat with several days of continued selling to finish the week. Bonds are in rally …
Written by Forrest Crist-Ruiz
The past couple of weeks have given us a new range to watch in the stock market.
A positive jobs report has been seemingly muted by indecision within the major indices.
Therefore, we can look at …
Written by Forrest Crist-Ruiz
Geopolitical stress from the Russia/Ukraine situation piles onto the market and the Fed which is now faced not only with worries of the U.S inflation numbers but extra price surges in energy.
Though the Fed has …
Written by Forrest Crist-Ruiz
Last week the major indices made a successful rally back into a short-term support area.
However, many see the price move as a rally back into a volatile resistance zone leading people to believe we could …
Written by Forrest Crist-Ruiz
The Regional Banking ETF (KRE) has made two consecutive closes over its 50-Day moving average confirming a bullish phase change.
KRE is also the only ETF in Mish’s Economic Economic Modern Family that is holding a …
The headlines this week were focused on the Russian invasion of Ukraine, so let’s step back and look at the big picture and see how that may impact the markets.
After years of conflict, Ukraine fought for and obtained its …