Mish's Market Minute March 30, 2021 at 07:32 PM
Last Thursday, the retail sector ETF (XRT) opened near its 50-day moving average. It closed with a large range on increased volume, which was a good sign of strength. Though it has not made a decent-sized move since then, it has been holding its current price level... Read More
Mish's Market Minute March 29, 2021 at 07:32 PM
Last Friday, the Russell 2000 (IWM) index and Semiconductors (SMH) cleared their 50-day moving average. From a technical standpoint, this looked as though the rally would continue into Monday... Read More
Mish's Market Minute March 26, 2021 at 07:52 PM
Mish's Economic Modern Family is made up of 5 key sectors and 1 index. Each member has been specifically chosen to help investors/traders navigate the market by giving an easy way to see emerging trends and important price levels... Read More
Mish's Market Minute March 24, 2021 at 08:36 PM
On Wednesday, the Russell 2000 (IWM) confirmed a cautionary phase change, with a second close under the 50-day moving average. A cautionary phase is defined by current price sitting under the 50-DMA, with the 50-DMA over the 200-DMA... Read More
Mish's Market Minute March 23, 2021 at 06:41 PM
On Tuesday, the Nasdaq 100 (QQQ) came close to clearing the 50-day moving average at $321.08. This was the second attempt to clear this moving average, with the first attempt happening last week... Read More
Mish's Market Minute March 22, 2021 at 08:46 PM
Last week, increasing bond yields had the market worried. Come Monday, the 20+ year treasury bond ETF (TLT) gapped higher and ended the day up 1.12%. This fared especially well for growth stocks as the Nasdaq 100 (QQQ) tests resistance from the 50-day moving average... Read More
Mish's Market Minute March 19, 2021 at 07:13 PM
The easy answer to this question is if you do not know what to do, you should probably do nothing. But it gets more complicated if you do not know why you should be doing nothing. No one likes to feel as though they are missing out on profits by not participating... Read More
Mish's Market Minute March 17, 2021 at 07:53 PM
On Wednesday, the Federal Reserve stated that interest rates will continue to stay close to zero, along with a new estimate for the unemployment rate down to 4.5% instead of 5% for the year. Additionally, the GDP estimate was revised to +6.5% from +4.2% for 2021... Read More
Mish's Market Minute March 15, 2021 at 07:41 PM
Cannabis has seen a huge increase this year as the Biden administration took office... Read More
Mish's Market Minute March 14, 2021 at 01:54 PM
Recently, we talked about Transportation (IYT) and Retail (XRT) sectors as indicators for market strength/weakness. Transportation shows the movement of goods and travel expectations, while retail shows the consumer sentiment side... Read More
Mish's Market Minute March 10, 2021 at 09:14 PM
The market is confused and choppy. This can be seen by looking at the major indices, as most disagree with each other... Read More
Mish's Market Minute March 09, 2021 at 07:20 PM
When looking for stocks that will continue to perform in 2021, we can look at the megatrends that will continue to grow considering the pandemic will be in the rear-view mirror. On top of the list of trends is blockchain technology-and alternative currency... Read More
Mish's Market Minute March 08, 2021 at 07:24 PM
Monday's strange price action looks as though the market shrugged off the stimulus money in some areas, yet not others. While there are many factors at play, the most notable shift is in big tech, which continues to show weakness... Read More
Mish's Market Minute March 05, 2021 at 07:51 PM
The market has stopped the bleeding with a rally into Friday's close. The Small Caps index Russell 2000 (IWM) held over its 50-day moving average of 213.40... Read More
Mish's Market Minute March 03, 2021 at 08:40 PM
Wednesday was another disappointing day for the market as many short-term buyers from Tuesday got flushed out in the move lower... Read More
Mish's Market Minute March 02, 2021 at 07:29 PM
Tuesday was a choppy day for the market, which had sporadic price swings plus a large amount of volatility. These days are tough to trade, as they can make it hard to see the daily trend direction... Read More
Mish's Market Minute March 01, 2021 at 08:07 PM
Last Friday, the market ended on a cliffhanger. The Nasdaq 100 (QQQ) closed under its 50-day moving average, while the S&P 500 (SPY) and Dow Jones (DIA) teetered on the edge of their 50-DMAs... Read More