Mish's Market MinuteOctober 02, 2020 at 07:47 PM
Our president and first lady contracted COVID. That yielded a morning gap down, followed by a rally; that rally was partially based on hope for the stimulus. These are some of the biggest thoughts on trader's minds as of Friday...Read More
Mish's Market MinuteOctober 01, 2020 at 05:59 PM
We've recently talked about higher volatility in the market with the election date closing in. In these past couple of weeks, we've seen the market jump around quite a bit...Read More
Mish's Market MinuteSeptember 30, 2020 at 06:23 PM
It's time to start watching the homebuilding sector. We can look at this using the symbol XHB, which is an ETF based off the SPY...Read More
Mish's Market MinuteSeptember 28, 2020 at 07:13 PM
Today's large gap up in the indices can pose some great morning questions. The biggest one being, should I buy the gap, or should I wait to see where things go? You don't want to chase the market, but you don't want to miss out either...Read More
Mish's Market MinuteSeptember 25, 2020 at 07:05 PM
Coming into the weekend, we have more time to look over our charts, gather our thoughts and take a step back to grasp the larger picture. So, let's get right to it! From bullish to caution. This is the current phase the major indices have recently switched to...Read More
Mish's Market MinuteSeptember 24, 2020 at 06:01 PM
Today the QQQs, SPY, and DIA, closed near the September 21st lows which we noted as possible support. While we rallied intraday, we also sold off, giving back most of the days upward progress...Read More
Mish's Market MinuteSeptember 23, 2020 at 06:29 PM
Let's start with the 4 major indices, the SPY, QQQ, DIA and IWM. They all sold off today, breaking yesterday's lows. Besides IWM, they are still not below their recent low from September 21st...Read More
Mish's Market MinuteSeptember 22, 2020 at 06:35 PM
Yesterday, Mish talked about watching junk bonds (JNK) to see if the Fed would continue supporting high risk companies. Today, JNK had an inside day. This comes after a large red day where JNK gapped lower, breaking its 104.27-106 range...Read More
Mish's Market MinuteSeptember 21, 2020 at 07:16 PM
Coming into Monday, we wrote targets on the S&P 500 and NASDAQ 100. Based on the measured move from the all-time high and the ensuing gap lower (or topping pattern), we shared with you all that the SPY target was 322 and QQQs target was 260...Read More
Mish's Market MinuteSeptember 18, 2020 at 07:03 PM
With companies like Pfizer (PFE) giving possible hope for an end-of-year vaccine and a recent gap up in IBB (the Nasdaq Biotechnology ETF), now could be a good time to keep an eye on newer issues in this sector. Large amounts of buying came into IBB on Friday...Read More