Mish's Market Minute April 29, 2020 at 05:06 PM
Sugar futures, or the sugar continuous contract (you can also check out the July contract SBN20), rallied 4.5% today, leaving a potential bottoming pattern. Again. This is important for 2 reasons... Read More
Mish's Market Minute April 28, 2020 at 06:27 PM
On March 31st, I tweeted about the gold ETF (GLD). Let me just say, it is a good thing I do not rate my trading advice on the number of likes I get. So, with the tweet spot on, the very next day, me and my MMM Advantage members entered long at 149.50... Read More
Mish's Market Minute April 27, 2020 at 05:11 PM
Back in the days, on the Commodities Exchanges, we had no social media and little in the way of technical indicators. But what we had was PURE price action. In that spirit, today, we have everything a trader could hope for, and probably too much of it... Read More
Mish's Market Minute April 21, 2020 at 05:33 PM
Before I comment on the charts, a note about the US Oil Fund ETF (USO). News is news, and clearly, it's not been good. But charts are better. With two huge volume days in a row and prices that tanked, a blowoff bottom is not an impossibility... Read More
Mish's Market Minute April 20, 2020 at 07:56 PM
Last Friday, I made a video for my show on StockCharts TV (watch here) that began with a comparison of oil in the early-to-late 1970's period against what we're seeing now... Read More
Mish's Market Minute April 17, 2020 at 06:12 PM
Many are calling the recent market activity similar to the Great Depression of the 1930s. And clearly, there are some comparisons. But what did not exist in the 1930's was this level of QE... Read More
Mish's Market Minute April 16, 2020 at 06:37 PM
We have been here before. Sister Semiconductors (SMH) rocks the house, while her siblings and grandparents lag. Today, the disparity was palpable. SMH closed up 2.71%. The Russell 2000 IWM closed down .86%. Regional Banks KRE closed down 3.68%. Granny Retail fell by .51%... Read More
Mish's Market Minute April 14, 2020 at 07:33 PM
Market reaction to the onset of COVID-19 has been volatile and uncertain... Read More
Mish's Market Minute April 13, 2020 at 05:08 PM
The charts of Regional Banks (KRE), also known as the Prodigal Son of the Economic Modern Family, has told us - and will continue to tell us) - a lot! On the daily chart, back in mid-January, KRE was one of the first sectors to go into a warning phase or break below the 50-daily ... Read More
Mish's Market Minute April 10, 2020 at 06:52 PM
The Fed injected another $2.3 trillion into buying bonds, including junk. They have bypassed the Federal Reserve act, which means they can buy whatever they want. Equity ETFs may be next... Read More
Mish's Market Minute April 08, 2020 at 07:16 PM
In the spirit of objectivity, we looked at the weekly chart of IWM as either a bear flag forming or, alternatively, consolidation before another rally... Read More
Mish's Market Minute April 07, 2020 at 04:31 PM
The Russell 2000 (IWM) weekly chart has helped us navigate the bull and bear runs for years. While you hear so much about a V-Bottom, I see no evidence of it in this index. Significant? Also, considering it came in having to clear the outside week trading range or move over 117... Read More
Mish's Market Minute April 06, 2020 at 06:41 PM
Who is surprised that the two sectors of the Economic Modern Family that broke over the inside week trading ranges are Semiconductors (SMH) and Biotechnology (IBB)? Also, who is surprised that the sectors that did not break over their outside week's trading ranges are everybody e... Read More
Mish's Market Minute April 03, 2020 at 06:34 PM
As we are a couple of months into the Year of the Metal Rat, much of what I posted back on January 19th has come true... Read More
Mish's Market Minute April 02, 2020 at 06:13 PM
Due to scheduling conflicts, tonight you are getting the levels without commentary. Only one important note - five of the six economic modern family members are having an inside week. That means they are trading inside the range of last week... Read More
Mish's Market Minute April 01, 2020 at 05:33 PM
The market has fallen over 30% from the highs. Maybe you've already called your fund or 401(k) manager and asked to liquidate your losers or the entire account. Here is what you probably heard. "I don't recommend it... Read More