Mish's Market Minute May 28, 2021 at 07:26 PM
The Biden administration is looking to increase spending on cybersecurity with the next round of stimulus. This comes after an increase in cyber-attacks across the world, which has targeted government agencies and groups. For the U... Read More
Mish's Market Minute May 26, 2021 at 06:17 PM
For the past couple of weeks, the Russell 2000 (IWM) has been a major focus for traders and investors that have been cautious, given the struggle IWM has gone through in its current trading range. Now it has cleared its pivotal 50-day moving average at $221... Read More
Mish's Market Minute May 25, 2021 at 06:55 PM
For the third time, the small-cap index Russell 2000 (IWM) has failed to clear its 50-day moving average. It is the last of the four major indices to lag as, on Monday, the Nasdaq 100 (QQQ) cleared and has since held over its 50-DMA for a second day... Read More
Mish's Market Minute May 24, 2021 at 07:19 PM
On Monday, the Semiconductors ETF (SMH) cleared back over resistance from its 50-day moving average at $242.07. Additionally, the tech-heavy Nasdaq 100 (QQQ) cleared its 50-DMA. The next test is for both symbols to hold their MAs as support for Tuesday's trading session... Read More
Mish's Market Minute May 21, 2021 at 06:41 PM
The four major indices are split between two phases. The first is a bullish phase. This is created when the price of a symbol is trading over its 50-day moving average, with the 50-DMA over the 200-DMA. Both the Dow Jones (DIA) and the S&P 500 (SPY) are in bullish phases... Read More
Mish's Market Minute May 19, 2021 at 06:17 PM
On Wednesday, the four major indices gapped lower based on the failure of the Russell 2000 (IWM) and the Nasdaq 100's (QQQ) ability to clear resistance from their 50-day moving averages... Read More
Mish's Market Minute May 18, 2021 at 09:40 PM
The Russell 2000 (IWM) and Nasdaq 100 (QQQ) have yet to surpass their 50-day moving average, which has created a pivotal and psychological resistance level that bulls are looking to clear... Read More
Mish's Market Minute May 17, 2021 at 07:02 PM
Last Friday, the market closed on a high note, with a rally off the lows of 05/12. This was a bullish sign, yet the rally also pushed prices into a resistance area... Read More
Mish's Market Minute May 14, 2021 at 06:39 PM
This past week, dip buyers saved the market from breaking lower. The Retail (XRT) and Regional Banking (KRE) sectors have cleared back over resistance from their 50-day moving averages, followed by the Biotech (IBB) clearing back over its 200-DMA... Read More
Mish's Market Minute May 12, 2021 at 06:56 PM
On Wednesday, the market continued the prior days' sell-off. This has placed the overall market trend in a pivotal area as more sectors begin to look weak. This can be seen in Mish's Economic Modern Family, which consists of one index and 5 important sectors... Read More
Mish's Market Minute May 11, 2021 at 08:00 PM
On Tuesday, the Nasdaq 100 (QQQ), Russell 2000 (IWM) and S&P 500 (SPY) gapped lower, followed by a rally. One of the most important indices to gap lower was the teach-heavy index QQQ... Read More
Mish's Market Minute May 10, 2021 at 07:06 PM
The Russell 2000 (IWM) and the Nasdaq 100 (QQQ) both broke their 50-day moving averages. Meanwhile, Transportation (IYT) printed another new all-time high. This shows the market's current indecision and choppy nature... Read More
Mish's Market Minute May 07, 2021 at 06:50 PM
On Friday, non-farm payrolls were announced, with a disappointing 266,000 jobs created compared to the roughly 1 million that economists had predicted. However, the gap in expectations did not result in a market selloff... Read More
Mish's Market Minute May 05, 2021 at 06:06 PM
Recently, there has been a surge of articles pertaining to rising inflation, as the Federal Government plans to add more debt with upcoming spending from the infrastructure bill and another stimulus package. Inflation has also become an increasingly touchy topic... Read More
Mish's Market Minute May 04, 2021 at 06:56 PM
On Tuesday, Janet Yellen commented that "[i]t may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat." The market was already trending lower on the day after its recent teetering around new high territory... Read More
Mish's Market Minute May 03, 2021 at 07:55 PM
On Monday, the transportation sector (IYT) closed the day +1.4%, along with the Retail sector (XRT) also performing well, up +2.11%... Read More
Mish's Market Minute April 30, 2021 at 08:01 PM
Last Thursday, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday, showing that the market still had some overhead resistance. Driving reasons could be related to fears of inflation raising, as the U... Read More