Mish's Market Minute February 25, 2022 at 06:43 PM
At the beginning of the week, investors worried as the market sold off. Then, on Thursday, the major indices made a large gap lower, igniting many to believe we had entered the beginning of a bear market... Read More
Mish's Market Minute February 23, 2022 at 04:58 PM
Many traders actively watch the market and believe there are always opportunities to make money. It can seem that way, as there is almost always a symbol sitting in the new 52-week high list or another symbol making a great intra-day move... Read More
Mish's Market Minute February 22, 2022 at 06:35 PM
By the end of Tuesday, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) were able to rally off support from lows found in late January. If they can hold their current prices, we can next watch for each to run back towards their range highs near $370 for the QQQ and $458 in the SPY... Read More
Mish's Market Minute February 18, 2022 at 06:41 PM
The Russell 2000 (IWM), S&P 500 (SPY), Dow Jones (DIA) and the Nasdaq 100 (QQQ) have all broken their previous minor support levels from Monday, February 14th's low as seen in the above chart... Read More
Mish's Market Minute February 16, 2022 at 07:06 PM
Wednesday's FOMC minutes release sparked a late-day rally in the stock market. If the rally continues into Thursday, this could be a great area to watch for trade setups in some of our favorite sectors... Read More
Mish's Market Minute February 15, 2022 at 05:26 PM
Mish's Economic Modern Family, which consists of 7 symbols that help guide us through the market, has many of the same problems the major indices are stuck with currently; namely, fairly tight trading ranges that keep investors worried about quick selloffs and volatile market con... Read More
Mish's Market Minute February 14, 2022 at 07:19 PM
Currently, the market is digesting last Friday's big move and is not giving us any clear directional signs. After the major indices failed to clear key resistance levels last week, the market began to sell off... Read More
Mish's Market Minute February 11, 2022 at 07:04 PM
Both the S&P 500 (SPY) and the Nasdaq 100 (QQQ) failed to clear key resistance areas this past week. Additionally, the CPI reported that inflation is yet again on the rise, sitting over 7% on a year-over-year basis as talks of war continue to heat up... Read More
Mish's Market Minute February 09, 2022 at 05:46 PM
Two of the major indices, including the Russell 2000 (IWM) and the Dow Jones (DIA), have cleared key resistance levels. However, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) have yet to clear recent highs or major moving averages... Read More
Mish's Market Minute February 08, 2022 at 06:04 PM
The past four trading days have held roughly the same price areas within the major indices. Specifically, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) have similar tight price action... Read More
Mish's Market Minute February 07, 2022 at 06:36 PM
Monday mainly showed consolidation within the major indices. The Russell 2000 (IWM) spent most of its time within Friday's price range, along with the S&P 500 (SPY) and the Nasdaq 100 (QQQ) having inside day chart patterns... Read More
Mish's Market Minute February 04, 2022 at 07:33 PM
Friday ends on a positive note, with the Dow Jones (DIA) and the S&P 500 (SPY) holding over their 200-day moving averages. Alongside them, Bitcoin has cleared 40k and is currently looking for 41k next... Read More
Mish's Market Minute February 02, 2022 at 05:26 PM
On Tuesday, the transportation sector (IYT) gapped higher on earnings from one of its top holdings, United Parcel Service (UPS). Beating earnings per share estimates by 6.5%, UPS was able to bring IYT back over both its 200-day moving average and 50-DMA... Read More
Mish's Market Minute February 01, 2022 at 06:47 PM
The stock market has rallied right into resistance, along with Bitcoin teetering at its 39k price level. However, the market is holding its current trading area and, though we are at a pivotal point, Wednesday could have another push higher if key levels are cleared... Read More