Market Analysis for Trading on 6/27/2014

Mish Schneider | June 27, 2014

Where were the rodeo cowboys today? Twitter, Youku Tudou (in our portfolio), First Solar, Wynn Resorts to name the top few.

But what about the rest of the market? Our go to’s? The Russell 2000s closed right on the pivotal …


Market Analysis for Trading on 6/26/2014

Mish Schneider | June 25, 2014

“So one thing you should know if you are a consistent reader, EVERYTHING needs confirmation with a second day. Tuesday action no exception. Both IWM and QQQs closed pretty much right on the fast moving averages. Recoverable if they can …


Market Analysis for Trading on 6/25/2014

Mish Schneider | June 24, 2014

Summer light versus Winter shade the title of Monday’s daily. Tuesday night I quoted Led Zeppelin with Many Times I Loved, Many Times Been Bitten.

Now, is it me, or are those titles downright prophetic? Or maybe it was China, …


Market Analysis for Trading on 6/24/2014

Mish Schneider | June 23, 2014

Rather dull beginning of the week in the indices. No deal breakers to speak of. The Russell 2000sheld support as did NASDAQ, the Dow and the S&P 500. Notable could be NASDAQs inability to clear 92.80, a relatively solid pivotal …


Market Analysis for Trading on 6/23/2014

Mish Schneider | June 22, 2014

We started last week focused on the small caps and we ended last week equally focused there. Our friend Russell, made quite a splash with lots of overhead to clear should the ignition continue.

I really like when an instrument …


Market Analysis for Trading on 6/20/2014

Mish Schneider | June 19, 2014

Commodities were all the rage on Thursday-gold (21st biggest move ever!), silver, sugar, gold miners, to name a few. Interest rates firmed with the long bonds back challenging the 50 DMA.

Equities were relatively flat with some profit taking in …


Market Analysis for Trading on 6/19/2014

Mish Schneider | June 18, 2014

The Russell 2000s, featured in last two night’s daily, delivered. But, so did the S&P 500,NASDAQ and the Dow. Have I said “rare summer rally” lately?

Yesterday I wrote about China, that I was watchingeverything China-the ETF, their major momentum …


Market Analysis for Trading on 6/18/2014

Mish Schneider | June 17, 2014

Oodles of nothing sprinkled with several victories in the market on Tuesday. Solars, includingTesla (TSLA)-kudos to Elon Musk, were victorious again. Green Mountain Coffee (GMCR) andNeflix (NFLX) had big moves.

The Russell 2000s, featured in last night’s daily, delivered. Now, …


Market Analysis for Trading on 6/17/2014

Mish Schneider | June 16, 2014

It seems that the week has kicked off setting the tone possibly until the FED announcement mid-week, or possibly until triple options expiration on Friday. In other words, choppy, slow, low volume, directionless, but maintaining the bull phase unless the …


Market Analysis for Trading on 6/16/2014

Mish Schneider | June 14, 2014

One could argue both sides for whether or not last week’s action and especially the digestion on Friday was bullish or negative (won’t use the word bearish when the phase is bullish).

The S&P 500 closed out the week hovering …