Mish's Market Minute February 26, 2021 at 09:52 PM
With all but one member of the Economic Modern Family in a bullish phase, should we be worried? Or does Monday hold the next piece of pivotal price action? Before we attempt to answer this question, we should first know where each member stands and if anyone sits in a risky place... Read More
Mish's Market Minute February 24, 2021 at 06:52 PM
On Tuesday, we talked about a reversal chat pattern in the Nasdaq 100 (QQQ) that was created from the price clearing over the 50-day moving average. Although today began with price under the 50-DMA, QQQs turned around, closing over Tuesdays high... Read More
Mish's Market Minute February 23, 2021 at 06:50 PM
On Tuesday, the Nasdaq 100 (QQQ) broke the 50-day moving average before the end-of-day rally brought it back over. This created a reversal pattern we like to call an expansion day... Read More
Mish's Market Minute February 22, 2021 at 07:32 PM
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space. The Invesco Agricultural Fund (DBA) recently cleared major resistance at 16... Read More
Mish's Market Minute February 19, 2021 at 06:33 PM
Despite worry of a pending market correction, talks of stimulus and an infrastructure package paired with a supportive Federal Reserve helped boost market morale this week... Read More
Mish's Market Minute February 17, 2021 at 07:42 PM
Wednesday could be a pivotal day for the market. With a gap down in the major indices, the market continued to sell-off until finding some late-day support, especially in the Dow, which closed green... Read More
Mish's Market Minute February 16, 2021 at 09:21 PM
News surfaced Tuesday about stress on oil production from the recent temperature drop in the U.S. Because water is involved in oil production, it can freeze equipment, thereby halting the process... Read More
Mish's Market Minute February 12, 2021 at 07:57 PM
The Economic Modern Family members are all in a bullish phase, with transportation (IYT) leading the charge. A rundown of each member shows Russell 2000 (IWM) putting in some consolidation over Monday's low of 223.40... Read More
Mish's Market Minute February 10, 2021 at 07:42 PM
With crazy market volatility and wide price swings, having a trading plan couldn't be more important for a day like Wednesday. At around 10:20 ET, the market began to sell off rapidly, turning into a large drop... Read More
Mish's Market Minute February 09, 2021 at 06:13 PM
The Real Estate sector (IYR) has cleared an important price level at $88.76 or the high of 11/9/2020. The real estate recovery has been slow compared to the rest of the market, which is more like a roller coaster ride at this point... Read More
Mish's Market Minute February 08, 2021 at 07:16 PM
Oil (USO) has blasted off with the rest of the market in the last 5 trading days. And that is after it cleared the key 50-week moving average 4 weeks ago. This bodes well for the market and economy for now, as oil signifies a economic recovery is on the way... Read More
Mish's Market Minute February 05, 2021 at 07:20 PM
The transportation sector (IYT) has entered back into a bullish phase. (A bullish phase is when the price is over the 50-day moving average, and the 50-DMA is over the 200-DMA... Read More
Mish's Market Minute February 03, 2021 at 06:01 PM
With positive earnings out for big tech companies, should investors' appetites grow for companies like Google (GOOGL), Microsoft (MSFT) and Amazon (AMZN)? Or should they look for more potential elsewhere? This can be a very loaded question, as many people have favored these compa... Read More
Mish's Market Minute February 02, 2021 at 06:20 PM
"How much are you risking?" This is a key question to ask when making a trade and might even be the most important one to ask, as lately, the market's high volatility has created huge price swings. Take the Retail Sector, (XRT) for example... Read More
Mish's Market Minute February 01, 2021 at 07:23 PM
Dow Jones (DIA) sits alone under the 50-day moving average, while his friends, Russell 2000 (IWM), Nasdaq 100 (QQQ) and S&P 500 (SPY) cleared Friday's highs and remain above their 50-DMAs... Read More