Mish's Market Minute September 29, 2021 at 06:11 PM
Wednesday showed weakness in key sectors, including biotech (IBB), semiconductor (SMH) and transportation (IYT). We have closely been watching the transportation sector for improving strength as it has attempted to clear its 50-day moving average (DMA)... Read More
Mish's Market Minute September 28, 2021 at 06:00 PM
As many of you know, I am on many media outlets talking about the market, commodities, the state of the economy, and - yes - I was one of the first to talk about stagflation. Oftentimes, I am joined by other investors, traders, analysts and financial consultants... Read More
Mish's Market Minute September 27, 2021 at 06:50 PM
The key sector to reflect optimism/pessimism about consumers, industrial demand, supply chain issues and the upcoming budget proposals is Transportation (IYT). The Retail sector improved to start the week... Read More
Mish's Market Minute September 24, 2021 at 06:36 PM
On Friday, the transportation (IYT) sector made a comeback from this week's lows, along with clearing resistance from its 200-day moving average (DMA) at $249.46. Next, it will need to clear its 50-DMA at $252.16... Read More
Mish's Market Minute September 22, 2021 at 06:05 PM
On Wednesday, the Fed announcement continued past promises of reducing their bond-buying program and keeping interest rates low... Read More
Mish's Market Minute September 21, 2021 at 06:28 PM
On Tuesday, the Market attempted a recovery, with an initial gap higher followed by choppy price action throughout the day. Because the market is not selling off like it did early Monday, this is showing that the market is having trouble bouncing back quickly... Read More
Mish's Market Minute September 20, 2021 at 07:25 PM
Some people say that trading takes nerves of steel and insane willpower. Maybe people with these skills exist, but to become successful at trading you don't need to have such rare superpowers. What a successful trader needs, and what many traders fail to create, is a solid plan... Read More
Mish's Market Minute September 17, 2021 at 07:03 PM
On Friday, the S&P 500 (SPY) broke an important support level by closing under the 50-day moving average and this week's low. While this was an important level to break, it was also a very clean and obvious place for the SPY to fall through... Read More
Mish's Market Minute September 15, 2021 at 05:55 PM
With the pandemic came a wave of new retail traders. Using apps that make trading as easy as swiping up on a phone to execute an order, millennials and more jumped on the bull train after the initial market selloff... Read More
Mish's Market Minute September 14, 2021 at 05:25 PM
On Tuesday, the chairman of the Securities and Exchange Commission, Gary Gensler, faced pushed back from senators about his recent ideas of adding cryptocurrency regulation, along with other topics such as meme stocks and zero-commission trading... Read More
Mish's Market Minute September 13, 2021 at 07:14 PM
The major indices closed surprisingly well on Monday. Although the initial morning gap-up did not hold, the Dow Jones (DIA) and the Russell 2000 (IWM) were able to make a comeback, with support from IWM's 50-DMA at $221.58 and the low of 8/19 at $347.31 for DIA... Read More
Mish's Market Minute September 10, 2021 at 06:59 PM
When the market struggles to decide which direction to travel in, we tend to see increased volatility. Throughout last week, the market was struggling to pick a direction until finally it threw in the towel and broke lower near the end of Friday... Read More
Mish's Market Minute September 08, 2021 at 07:17 PM
Representing 2000 small-cap companies, the Russell 2000 (IWM) gives a great view of the overall market picture. Recently, we talked about watching our Real Motion momentum indicator to time a buy entry if it cleared its 50-day moving average in both price and momentum... Read More
Mish's Market Minute September 07, 2021 at 06:22 PM
The jobs market is growing, with more companies offering higher wages and increased benefits. For instance, Walmart (WMT) increased its average minimum wage to $16 an hour and has a program to pay for worker's tuition at a four-year college... Read More
Mish's Market Minute September 03, 2021 at 06:46 PM
On Friday, the jobs report showed 235,000 new jobs reported for August. This was not good news since the estimate was roughly 500,000 higher. Ouch! However, the major indices did not take a large hit and closed roughly flat or a smidge down for the day... Read More
Mish's Market Minute September 01, 2021 at 06:50 PM
Recently, the small-cap index Russell 2000 (IWM) cleared $225. This was a main resistance level dating back to early August... Read More