Mish's Market MinuteApril 16, 2020 at 06:37 PM
We have been here before. Sister Semiconductors (SMH) rocks the house, while her siblings and grandparents lag. Today, the disparity was palpable. SMH closed up 2.71%. The Russell 2000 IWM closed down .86%. Regional Banks KRE closed down 3.68%. Granny Retail fell by .51%...Read More
Mish's Market MinuteApril 14, 2020 at 07:33 PM
Market reaction to the onset of COVID-19 has been volatile and uncertain...Read More
Mish's Market MinuteApril 13, 2020 at 05:08 PM
The charts of Regional Banks (KRE), also known as the Prodigal Son of the Economic Modern Family, has told us - and will continue to tell us) - a lot! On the daily chart, back in mid-January, KRE was one of the first sectors to go into a warning phase or break below the 50-daily ...Read More
Mish's Market MinuteApril 10, 2020 at 06:52 PM
The Fed injected another $2.3 trillion into buying bonds, including junk. They have bypassed the Federal Reserve act, which means they can buy whatever they want. Equity ETFs may be next...Read More
Mish's Market MinuteApril 08, 2020 at 07:16 PM
In the spirit of objectivity, we looked at the weekly chart of IWM as either a bear flag forming or, alternatively, consolidation before another rally...Read More
Mish's Market MinuteApril 07, 2020 at 04:31 PM
The Russell 2000 (IWM) weekly chart has helped us navigate the bull and bear runs for years. While you hear so much about a V-Bottom, I see no evidence of it in this index. Significant? Also, considering it came in having to clear the outside week trading range or move over 117...Read More
Mish's Market MinuteApril 06, 2020 at 06:41 PM
Who is surprised that the two sectors of the Economic Modern Family that broke over the inside week trading ranges are Semiconductors (SMH) and Biotechnology (IBB)? Also, who is surprised that the sectors that did not break over their outside week's trading ranges are everybody e...Read More
Mish's Market MinuteApril 03, 2020 at 06:34 PM
As we are a couple of months into the Year of the Metal Rat, much of what I posted back on January 19th has come true...Read More
Mish's Market MinuteApril 02, 2020 at 06:13 PM
Due to scheduling conflicts, tonight you are getting the levels without commentary. Only one important note - five of the six economic modern family members are having an inside week. That means they are trading inside the range of last week...Read More
Mish's Market MinuteApril 01, 2020 at 05:33 PM
The market has fallen over 30% from the highs. Maybe you've already called your fund or 401(k) manager and asked to liquidate your losers or the entire account. Here is what you probably heard. "I don't recommend it...Read More