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... READ MORE
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. Starting Friday, Forrest and I pointed out that the Russell 2000, Transportation and Retail all closed green in the face of the news on Trump... READ MORE
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. And, of course, on everyone's mind... READ MORE
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. We're in a choppy market environment, and while three of the 4 major indices... READ MORE
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
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. The VXX also failed to break through the 50-DMA to the upside, but It's... READ MORE
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. If the indices continue lower, we should keep an eye on those... READ MORE
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. The break also happened to coincide with a major... READ MORE