Mish's Market Minute October 30, 2020 at 08:26 PM
There are multiple reasons we could face a very tough holiday season. For one, a second surge in COVID could tighten restrictions on brick-and-mortar businesses... Read More
Mish's Market Minute October 28, 2020 at 05:57 PM
On Tuesday, we talked about an inside day pattern building consolidation for the next move. That pattern did not disappoint. QQQ and IWM gapped lower, closing in an unconfirmed caution phase, while the SPY and DIA have already confirmed a caution phase... Read More
Mish's Market Minute October 27, 2020 at 07:12 PM
Today the market was indecisive. The four major indices closed with an inside day pattern. An inside day is a two-day price pattern where the high and low from the second day doesn't extend past the price range of the first day. You can see this on all the charts above... Read More
Mish's Market Minute October 26, 2020 at 07:17 PM
Before we talk about the recent rotation from growth into value and how that did relative to the phases, a note about managing large selloffs. A while back, we talked about market timing based on the previous day's high and low... Read More
Mish's Market Minute October 23, 2020 at 07:06 PM
Friday gave the thrill of a roller coaster ride, as we watched major indices run up and down throughout the day. While it's not the ride most investors look for in the market, it's the best they can get, since most amusement parks have yet to open... Read More
Mish's Market Minute October 21, 2020 at 05:44 PM
A growing worry of stagflation (high inflation followed by stagnant economic growth) is becoming more of a trending reality as the pandemic looks to continue into the next year... Read More
Mish's Market Minute October 19, 2020 at 07:16 PM
Today, the hope that the Economic Modern Family held onto coming into the week waned a bit, as the stimulus talks stalled once again. After the close, more headlines emerged, as the Senate is back and both sides know that, politically, some stimulus package should be passed... Read More
Mish's Market Minute October 16, 2020 at 07:00 PM
In spite of no passing stimulus, mixed economic data, rising COVID cases and a wild pre-election season, for the first time since we can remember, the Economic Family is brushing off most of the negativity... Read More
Mish's Market Minute October 14, 2020 at 06:08 PM
The banking sector has been put through the ringer since the March selloff. While the market has rallied since then, KRE (Regional Bank ETF) still looks in need of help. One thing to note is that JPMorgan and Goldman Sachs reported Q3 earnings stronger than expectations... Read More
Mish's Market Minute October 13, 2020 at 06:36 PM
I have been trading for many years. However, since I began working with MarketGauge, I have become a much better trader. The major reason, besides the awesome teachers (Mish, Keith, Geoff and James) is that they have taught me to think in terms of a rule-based trading system... Read More
Mish's Market Minute October 12, 2020 at 06:49 PM
The market begins to show some overexuberance as we head into earning season and the election date closes in... Read More
Mish's Market Minute October 09, 2020 at 07:33 PM
Friday showed us that, even with the insecurity of the stimulus package passing and tension from job loss, the Modern Family was still able to close strong for the week... Read More
Mish's Market Minute October 07, 2020 at 07:05 PM
It's interesting how news affects the market. The negative information, paired with human emotion, sends the market frantically lower. It is also interesting to watch how it creates a self-fulfilling prophecy... Read More
Mish's Market Minute October 06, 2020 at 05:59 PM
These past weeks, we've talked about the market's hopes of a quick stimulus package. Today showed how easily the market can flip when stimulus hope fades. It also shows that the market can trade higher on expectations, even though it really didn't know what would happen... Read More
Mish's Market Minute October 05, 2020 at 08:09 PM
If the market could talk, it might say that the Economic Modern Family is happy. Perhaps happier than they have been in a long time... Read More
Mish's Market Minute October 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 Minute October 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