Mish's Market Minute August 31, 2021 at 06:52 PM
The market is about to enter the month of September, which many investors view as a historically negative month in the trading year. Also called the September effect, some analysts attribute a selling from investors rebalancing their portfolios at the end of the summer... Read More
Mish's Market Minute August 30, 2021 at 06:41 PM
On Monday, both the S&P 500 (SPY) and the Nasdaq 100 (QQQ) climbed to new highs once again. While the large-cap indices continue to lead the market, the Economic Modern Family made little progress... Read More
Mish's Market Minute August 27, 2021 at 06:54 PM
On Friday, the Fed's Jackson Hole symposium stimulated the market, with all 4 major indices closing positive. Due to the improvement in the economy, the Fed feels more comfortable with tapering monetary policy possibly near the end of 2021... Read More
Mish's Market Minute August 25, 2021 at 05:13 PM
With the Jackson Hole Fed meeting coming up, the market could be expecting taper talks, as the Fed at some point will be looking to decrease their $120 billion monthly bond-buying program... Read More
Mish's Market Minute August 24, 2021 at 07:51 PM
Bitcoin continues its rally up with a recent break over the 50K price level. However, many investors are watching for Bitcoin to clear 51K as the next hurdle... Read More
Mish's Market Minute August 23, 2021 at 06:55 PM
On Monday, the market continued its rally from Friday of last week, with the S&P 500 (SPY) and Nasdaq 100 (QQQ) clearing all-time highs. Again, the tech sector and large-cap stocks are leading the market higher... Read More
Mish's Market Minute August 20, 2021 at 07:29 PM
Above is a chart of the Russell 2000 (IWM), which is one of the most valuable indices as it tracks 2000 small-cap companies and, therefore, gives a great picture of the overall market direction. Since the beginning of 2021 IWM has been mostly rangebound... Read More
Mish's Market Minute August 18, 2021 at 11:08 PM
The Economic Modern Family now has 5 members sitting in a confirmed cautionary phase. A cautionary phase is defined by the 50-day moving average stacked over the 200-DMA, with the price between both moving averages... Read More
Mish's Market Minute August 17, 2021 at 07:28 PM
On Tuesday, the retail earnings report came out -0.8% lower than expected, amid recent highs in two of the major indices. This caused the market to gap lower following a continued selloff throughout the day... Read More
Mish's Market Minute August 16, 2021 at 07:43 PM
Since mid-May, the Transportation sector (IYT) has been trending lower. Currently, IYT sits just under resistance from its 50-day moving average at $257.97... Read More
Mish's Market Minute August 13, 2021 at 09:46 PM
Recently, we talked about the ongoing battle between the Regional Banking Sector (KRE) and the 20+ Year Treasury Bonds ETF (TLT). Each has its 50-day moving average nearby and is looking to use them as potential support. Currently, the 50-DMA is at $145.97 for TLT and $65... Read More
Mish's Market Minute August 11, 2021 at 06:44 PM
From June to late July, Regional Banking ETF (KRE) has been stuck within a downward trend. Coming close to its 200-day moving average, it was able to find some support and, from there, consolidated over the major moving average... Read More
Mish's Market Minute August 10, 2021 at 06:22 PM
One of the best ways to get a quick snapshot of the market is by using Mish's Economic Modern Family. These 5 sectors and 1 index can help guide us through the overall market, as well as reveal potential weak spaces to be cautious of... Read More
Mish's Market Minute August 09, 2021 at 06:54 PM
On Monday, Bitcoin cleared its major moving average, while Ethereum, the second-largest-cap currency, tested its new support level at $2900. For the moment, this shows the crypto space can hold its weekend progress... Read More
Mish's Market Minute August 06, 2021 at 06:40 PM
Two of the major cryptocurrencies, including Ethereum ($ETH) and Bitcoin ($BTC), are looking to clear and hold over resistance; Bitcoin at $40–42k and Ethereum at $2900. Their next test is to hold at or over these price levels through the weekend... Read More
Mish's Market Minute August 04, 2021 at 06:24 PM
In the past couple of weeks, the market has shown to have higher volatility paired with scattered daily price action... Read More
Mish's Market Minute August 03, 2021 at 08:13 PM
For the past week, the major indices have been very choppy. Without clear direction in the indices, volatility has increased making price swings faster and, thus, tougher to time... Read More
Mish's Market Minute August 02, 2021 at 08:01 PM
The small-cap Russell 2000 index (IWM) cannot make up its mind. For the past three trading days, IWM has not been able to clear a pivotal resistance area created from the 50-day moving average at $225... Read More