Written by Mish So far these last couple of weeks, we have written and talked about trading ranges, January calendar ranges, inflation, stagflation and precious metals. And, we have also talked and written about the Transportation sector as the prime example of not only trading ranges, but also why we believe the market will hold tranding range suport levels. Plus, we have talked IYT as the best hope for the economy both because of the

Attention day traders and swing traders (options traders too)... There’s a very effective calculated price level that can be used to anticipate intra-day breakouts and reversals in stocks, ETFs, and indexes when you use it correctly. For example, when you combine this price level with MarketGauge’s Opening Range trading tactics… You can easily identify the very reliable trade setup that I review in the video below. This pattern can be used as a trade setup

Over the past few weeks, we have questioned what the 2022 song might be so you can profit from being in tune with the market’s trends. Last week we highlighted a skip in the early 2022 song. If you missed last week’s article, click here. As you’ll read, this week we find good news, but also a report of the “mother of all supply shocks”! Over the past month, Wall Street has certainly been optimistic

Written by Mish As we now enter the second half of January in a new year, the persistent trading range continues. Particularly in the small caps or Russell 200 (IWM), since February 2021, the trading range has been from 204-233. As we begin this week, IWM is tackling the December 2021 low and quite possibly could see a return to the 204 support area. However, today also begins another trading range, the 6-month calendar range.

Yesterday the market gapped higher after testing important support levels the day before. With the markets sitting at very pivotal inflection points in their long-term trends, this was a perfect opportunity to use MarketGauge’s Opening Range tactics to determine whether or not the gap was an indication of a market bottom and trade it accordingly. In this video, I review how to use the Opening Range to: Anticipate the general market’s direction Use it to

When I was young, one of my most enjoyable past-times was keeping up with the vibrant music scene (late 60’s and 70’s). I would frequent my local record shops and pick up the hottest new albums for only $3.99. While I may be dating myself, the irony of my story is that as I got older... Collecting albums (and music) took a back seat to studying charts (which are just images) of stocks and any

Written by Forrest Crist-Ruiz To get a quick overview of the markets direction, let’s look at Mish’s Economic Modern Family (MF). Also, if you haven’t picked up Mish’s 2022 Yearly Outlook, here is a full report that not only shows an in-depth view of the market but also gives our big picks and trends to watch through the new year. With that said, let’s take a short-term look through the daily charts of the MF

Last week was a wild week in the cryptocurrency market. Sentiment has quickly changed from 50/50 bullish vs. bearish to almost entirely bullish in just the last 10 days. This is indicative of the significance that non-technical factors can have in the price action of cryptos. On the other hand, technical analysis of recent market action spells out clear trade opportunities that investor sentiment may ignore. Similar to the S&P 500 (SPY) being commonly used

First, we wish all of our Big View readers a happy, healthy, and prosperous 2022! When we discuss investment returns, it was a good 2021. There were certainly many challenges during 2021, including the ongoing strife caused by COVID, geopolitical tensions, rising crime, inflation, worker shortages, etc. However, investment returns were positive, considerable, and once again, they spoiled the average investor. Heed our words: three straight double-digit returns are not the norm. Folks, the long-term

Written by Forrest Crist-Ruiz Everyone knows inflation is on the rise and with the latest year-over-year inflation numbers up 7%, investors are finally getting the picture that market growth has challenges ahead. Now, investors are searching for the next areas to trade given the markets unfolding dilemma with rates looking to increase and a possible rangebound market. Having said that, interest has grown in precious metals, bringing the potential for a huge move this year

When you know how to read market action with the Opening Range you can see when and how another market is influencing your trades (for better or worse)! Put another way; you can also see when inter-market relationships are “working” or changing. For example… On Friday, the QQQ got off to a very bullish start when it gapped higher out of a consolidation pattern on its 50-day moving average. It looked like a perfect setup

He took his time but we were graced with the start of a “Santa Claus Rally” this past week as we had described in last week’s commentary. For many of the reasons we listed in our article last week including lighter volume, less institutional buying/selling amplifying the more retail portfolio positioning that takes place, end of year bonuses, distributions into profit sharing plans, and a belief that Omicron is not quite as potent as originally

Written by Forrest Crist-Ruiz For roughly three months the biotechnology ETF (IBB) has been trending lower. Though it’s made multiple attempts to clear the 50-Day moving average, it has failed. However, IBB has made consistent runs towards its 50-DMA and with the recent breakdown is showing that its potentially ready for another one. If we look at IBBs past 3 attempts through its 50-DMA (Blue Line), we can see that each one had a recent

The stock market is currently in an extremely bullish mode fueled by a "bubble" inside the market that's unsustainable and unpredictably bullish. Like any bubble… The heights to which it will push stock prices are unpredictable. However, unlike most bubbles… It may be predictable. This is the third time that this specific type of bubble has developed since 2000.In each of the last two occurrences, there has been an identifiable tipping point at which this

By Keith Schneider and Donn Goodman The Holidays are here! Investors anticipate the phenomenon that not only happens around most National Holidays, but especially during the Thanksgiving to Christmas season called “The Santa Claus Rally” on Wall Street. This effect typically happens around December and retail investors wait with anticipation to take advantage of this “seasonality.” Why Does This Occur? There is no definite reason, but the best educated guesses assume these factors make up