Mish's Market Minute July 29, 2020 at 04:39 PM
MarketGauge has some pretty cool proprietary software. One indicator is Triple Play, which measures the ratio between a particular instrument and a benchmark. Triple Play reveals the true trend strength of a market based on "price leadership" and "volume power... Read More
Mish's Market Minute July 27, 2020 at 05:03 PM
Junk Bonds (JNK) rallied Friday, closing above the 50-week moving average. Then, today, JNK ran up to yet another new high since March. This is an excellent example of "Don't Fight the Fed!" (especially ahead of the Fed meeting)... Read More
Mish's Market Minute July 24, 2020 at 06:50 PM
In the world of large cap and tech stocks, Friday was an interesting trading day. Lots of those stocks touched down on their 50-DMA. To name a few: JD.com (JD), Baidu (BIDU), IQ, Netflix (NFLX) and Microsoft (MSFT)... Read More
Mish's Market Minute July 22, 2020 at 05:28 PM
As my loyal readers and followers know, I have been bullish on gold and silver since 2018. Oh sure, we have had some ups and downs, but since the March low, every dip has been a buy opportunity. But my bullish stance in the metals was not always met with enthusiasm... Read More
Mish's Market Minute July 20, 2020 at 04:43 PM
With such divergence blaringly apparent in the market, I like to look at junk bonds. Junk bonds help us see risk appetite. Last week, I wrote a piece on JNK when they appeared more vulnerable, skidding along the 50-daily moving average you see in blue... Read More
Mish's Market Minute July 18, 2020 at 07:39 PM
With Daily's recently-titled "Granny Retail Hangs Tough" and "Granddad Russell 2000 Takes the Lead", it's no wonder we saw rotation out of tech and into the matriarch and patriarch of the Economic Modern Family... Read More
Mish's Market Minute July 15, 2020 at 08:40 PM
Last week I did a piece called "Granny Retail Hangs Tough". At the time, I noted "On the weekly chart, XRT is above the 200-week moving average, while her husband, Russell 2000 (IWM) is not." Also, at the time I wrote, "XRT is in a weekly accumulation phase. Let that soak in..... Read More
Mish's Market Minute July 14, 2020 at 05:32 PM
Last night, I featured junk bonds (JNK). As it has been underperforming, I wanted to give a head's up in case it failed a key support area. However, it not only held over the 101 area, it rallied to close up .97%... Read More
Mish's Market Minute July 13, 2020 at 04:43 PM
With bank earnings the big buzz this week, here are some highlights to keep in mind. Bank earnings are set to tank 69% year-over-year for the second quarter. But what's important here is not the expectations, but whether or not those expectations are exceeded... Read More
Mish's Market Minute July 10, 2020 at 05:55 PM
Perhaps the most incredible aspect of the market, for traders, is the ever-changing landscape of investment opportunities. I spend a lot of time telling followers that the rules have changed. The relationships experienced traders hold dear have changed. The metrics have changed... Read More
Mish's Market Minute July 08, 2020 at 06:11 PM
The malls were high risk before COVID-19, given the number of bankruptcies of chain stores such as Pier One (PIRRQ) and Toy "R" Us. Online shopping was already leading malls to become like ghost towns... Read More
Mish's Market Minute July 07, 2020 at 05:11 PM
Rare to see an island bottom. However, the one in UNG, the ETF for natural gas, had a classic one. After making new all-time lows, an island confirmation suggests a reversal of the downtrend. But that's not all... Read More
Mish's Market Minute July 06, 2020 at 05:31 PM
While there was a big boost from NASDAQ on Monday, the "inside" sectors are not yet believing that the tech sector tells the whole story... Read More
Mish's Market Minute July 03, 2020 at 04:22 PM
What an incredible - and shorter - week in the world of high finance. Doomsday news appeared EVERYWHERE, yet did not impact the market per se. Gold however, like our recycled, solid gold art installation, held its ground. Only the metal looks like it is about to go into orbit... Read More