Mish's Market MinuteSeptember 01, 2020 at 04:55 PM
First off, a huge thank you to Geoff Bysshe for covering for me so I could have a vacation for 3 weeks! Before I left, I wrote about 3 major themes to watch continue to emerge - or completely reverse...Read More
Mish's Market MinuteSeptember 01, 2020 at 04:55 PM
This article was originally written on August 31st, 2020. Today, the SPY ended its best August performance since 1986 with a market message that is well worth paying attention as soon as tomorrow and well into September...Read More
Mish's Market MinuteAugust 30, 2020 at 04:39 PM
The weekend is the time to step back and look at the Modern Family's weekly trends and inflection points. This week, there are several interesting multi-timeframe patterns developing on the daily and weekly charts; some bullish, others bearish...Read More
Mish's Market MinuteAugust 27, 2020 at 08:04 PM
Today, while the SPY and QQQ were pushing to new highs, the VXX was telling a dramatically different story, which is a warning sign for a potential imminent correction...Read More
Mish's Market MinuteAugust 26, 2020 at 08:18 PM
If you were to look at the Modern Family you'd see a quiet August trading day waiting to hear Fed Chair Powell's speech tomorrow. Grandpa Russell (IWM) fell asleep and closed down for the day firmly stuck in a two-week bullish flag...Read More
Mish's Market MinuteAugust 25, 2020 at 07:10 PM
Today's chart (below) is the consumer confidence survey data, which today hit its lowest level since 2014. At the same time, data on new home sales, as well as earnings from home builder Toll Brothers (TOL), are at their best levels in years...Read More
Mish's Market MinuteAugust 20, 2020 at 07:23 PM
Today was the first time that the SPY opened lower than the prior day's low since July 24th. The same is true for the QQQ. Grandpa Russell did it just last week, but not since July 7th prior to that...Read More
Mish's Market MinuteAugust 19, 2020 at 07:07 PM
With so much attention being paid to AAPL reaching a valuation of $2 trillion, I decided to see if AAPL's market cap would make it into the IMF's list of the world's richest countries based on GDP...Read More
Mish's Market MinuteAugust 18, 2020 at 08:38 PM
There were several market messages in today's price action. Starting from the top... The SPY finally closed at an all-time higha nd, after what seems like weeks of anticipating this moment, it closed over the level by fractions of a percent and a doji pattern...Read More
Mish's Market MinuteAugust 17, 2020 at 08:28 PM
It was a quiet news day, but Mondays don't need news to go up. Today's image above represents the percentage of times that Mondays have closed higher than their Friday close since the March bottom...Read More