Mish's Market Minute May 31, 2022 at 06:14 PM
Since 2010, QE saved the markets and the economy, which in turn led to big tech as the 10-year bull market savior. The monthly chart of QQQs, which goes back from the dot com bubble, highlights the run that began in 2010... Read More
Mish's Market Minute May 25, 2022 at 07:56 PM
Energy plays have some of the best chart setups right now, from a momentum breakout standpoint. A perfect example of this can be seen in the above chart of the United States Oil Fund (USO)... Read More
Mish's Market Minute May 24, 2022 at 07:10 PM
For the moment, the downward trend remains intact as the market and media embrace more negative news. News of a housing market top, increasing inflation, geopolitical stress and more add a dampener to investor sentiment... Read More
Mish's Market Minute May 23, 2022 at 06:32 PM
The country has been under pressure from rising gas prices for months.Even before the Ukraine war, gas was steadily increasing. While the U... Read More
Mish's Market Minute May 20, 2022 at 07:17 PM
The small cap-index Russell 2000 (IWM) is hanging onto support from the 200-week moving average at $176.19. Last week, it dipped below the moving average with a low of $168.90... Read More
Mish's Market Minute May 18, 2022 at 05:26 PM
The Rally failed to carry the major indices past key resistance levels. This can be seen in the above chart of the S&P 500 (SPY), Nasdaq 100 (QQQ) and the Russell 2000 (IWM)... Read More
Mish's Market Minute May 17, 2022 at 07:05 PM
So far, this week has been huge for wheat (WEAT) and sugar (CANE), with both gapping up on Monday and continuing higher... Read More
Mish's Market Minute May 16, 2022 at 06:14 PM
On Monday, the small-cap index Russell 2000 (IWM) tested its past Friday high at $179.41, but ultimately could not hold. Just above this price level stands the 10-day moving average at $179... Read More
Mish's Market Minute May 13, 2022 at 06:10 PM
Mish's Economic Modern Family looks to have found temporary support, as each of the members has closed over the prior day's high, providing relief from the downward trend... Read More
Mish's Market Minute May 11, 2022 at 09:51 PM
Taking a step back and looking at important reference points and percentages helps us grasp where the stock market is and where it's potentially going. Focusing on the small-cap index, the Russell 2000 (IWM) has broken its 200-Week moving average at $176.13... Read More
Mish's Market Minute May 10, 2022 at 08:08 PM
On Tuesday, the Nasdaq 100 (QQQ) outperformed the other indexes, ending the day +1.20%, while other major indices closed roughly flat on the day. From the momentum side, our Real Motion (RM) indicator is flirting with the lower band. This can be seen circled in the above chart... Read More
Mish's Market Minute May 09, 2022 at 07:12 PM
All the major indices tumbled on Monday, leading to a large liquidation. Even safety plays, such as precious metals like gold (GLD) and silver (SLV), were down on the day... Read More
Mish's Market Minute May 06, 2022 at 07:06 PM
Inflation is a spotlight topic in the media, with more reports and predictions surfacing every day. Since the Fed has been sorely wrong on its inflation predictions, the country is closely monitoring interest rate hikes... Read More
Mish's Market Minute May 04, 2022 at 06:05 PM
The rate increase came in, as expected, at half a percent, showing that the Fed is going for the safest play instead of pushing for a .075% increase. With that announcement, the market made a late-day rally... Read More
Mish's Market Minute May 03, 2022 at 05:39 PM
In reference to Monday's article, we are watching for signs of a reversal in the major indices based on price and momentum... Read More
Mish's Market Minute May 02, 2022 at 07:35 PM
This Wednesday, the Fed will announce an interest rate increase. So far, expectations are for +0.5%. While some believe this is too high, as the market is struggling, others believe the Fed needs to be more aggressive and push rates up by 0.75%. One reason for a smaller 0... Read More