Mish's Market Minute May 31, 2023 at 05:53 PM
Tuesday's Daily was all about the metals. On Wednesday, gold, miners, and silver all rallied. Is the bottom in on this last correction? Perhaps. Two interesting areas to watch now are the one-year PCE rate-adjusted. And the retail sector is now on critical lows... Read More
Mish's Market Minute May 30, 2023 at 07:19 PM
In gold futures, we were looking for a correction to around $1940 an ounce. The June contract fell to $1932. Now, it closed on the exchange at $1958. Plus, it had a new 60-day low and potential reversal pattern... Read More
Mish's Market Minute May 28, 2023 at 09:52 PM
This past week, we have written a lot about tech (another AI-generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed... Read More
Mish's Market Minute May 23, 2023 at 07:51 PM
Above is an AI image to illustrate that while, on Monday, Granddad Russell (IWM) was offering a helping hand to his wife Granny Retail (XRT), today they both looked more vulnerable... Read More
Mish's Market Minute May 22, 2023 at 09:33 PM
Just look at the March lows in Granddad Russell 2000 (IWM). And now look at the March lows in Granny Retail (XRT). So who is right? IWM has moved up for the March lows and, to start the week, took the lead. It cleared the 50-DMA in price, and is now in recuperation phase... Read More
Mish's Market Minute May 19, 2023 at 06:46 PM
We started out this year thinking that the economy stagnates, and inflation has a second wave or a super-cycle. At this point, with 5 months into the year, the recent economic stats still support that our economy is contracting. But those numbers are looking back not forward... Read More
Mish's Market Minute May 18, 2023 at 06:22 PM
This week I wrote a Daily on USO, the US Oil Fund. Plus, I did a video for CMC Markets on those 2 commodities plus on Dollar pairs with Yen, Euro, British Pound. I wrapped things up with a look at Lithium (another Daily this week) plus a look at DBA the Agricultural ETF... Read More
Mish's Market Minute May 17, 2023 at 07:06 PM
The four ratio indicators track key intermarket relationships which identify risk on/off market conditions. These indicators can be used together to confirm or identify the strength of the core risk on/off indicator, which is the S&P 500 v. Utilities... Read More
Mish's Market Minute May 16, 2023 at 08:44 PM
Most associate lithium with EV usage. The largest holding in the Global X Lithium ETF (LIT) basket is Albemarle Corp. (ALB). The US-based company isn't purely a lithium business. It also produces chemicals related to petroleum refining and consumer electronics... Read More
Mish's Market Minute May 15, 2023 at 06:29 PM
USO, the US Oil Fund ETF, invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels... Read More
Mish's Market Minute May 12, 2023 at 09:31 PM
Sister Semiconductors is a character and leading sector in the Economic Modern Family. We use the ETF SMH to represent her contribution to the market, family, and economy. The cartoon you see reflects some of her Wonder Woman-like superpowers as I created the image from AI... Read More
Mish's Market Minute May 11, 2023 at 05:37 PM
Today, I am including a clip that covers currency pairs and several commodities. The four-chart screen is a daily screenshot of gold (GLD), sugar (continuous contract), the US dollar to the Euro (USDEUR) and platinum continuous contract (PLAT)... Read More
Mish's Market Minute May 10, 2023 at 06:04 PM
I was honored to spend time on Making Money with Charles Payne, which airs on Fox Business, and give a brief glimpse into why I'm not as bearish right now based on the macro... Read More
Mish's Market Minute May 09, 2023 at 05:57 PM
The Market Outlook for 2023 was written in December 2022. I have a designated radar screen for all the predictions and stock picks. The picks especially remain a focus for short-term and longer-term trades, depending on market conditions... Read More
Mish's Market Minute May 08, 2023 at 05:30 PM
I am back from 2 weeks of whirlwind travel and presenting at both the Money Show in Las Vegas and Charting Forward at StockCharts.com. I thank Geoff Bysshe, the President of MarketGauge.com for filling in for me... Read More
Mish's Market Minute May 07, 2023 at 08:13 PM
Today, I've got a handful of bullish stock charts for your ChartLists next week, the importance of which begins with the above table. You can find this Sector Summary table updated daily at www.marketgauge.com/sectors... Read More
Mish's Market Minute May 04, 2023 at 07:41 PM
Today's daily features two videos that Mish recorded in the studio at StockCharts.com HQ! The first video is Mish's appearance on today's episode of Your Daily Five. In this video, Mish explains why Grandma Retail (XRT) may become our new leading indicator... Read More
Mish's Market Minute May 04, 2023 at 11:54 AM
The real reaction to today's Fed meeting is likely to happen tomorrow. All eyes and ears were on Chairman Powell today... Read More
Mish's Market Minute May 02, 2023 at 09:40 PM
Stocks began the day weakâweaker than most traders probably realized. As you can see in the intra-day chart below, short-term momentum, as measured by Real Motion, had rolled on Monday... Read More
Mish's Market Minute May 01, 2023 at 10:36 PM
The common refrain, "Sell in May..." gives this month a bad rap, but it doesn't deserve it. May is historically one of the least volatile months of the year, as measured by its closing average return in the S&P 500 index. Since 1970, its average return has been only 0.49%... Read More