Archives: Mish's Daily

The Fire Rooster and the Hen are Expecting

Mish Schneider | February 18, 2017

Last week, the fire roosters and hens got it on. After the rooster’s clumsy but successful leap onto the hen’s back, all four indices climaxed at new all-time highs. So, if first comes love, then comes marriage, is this egg the baby in the baby carriage? Perhaps suffering from some post-partum stress, our hen who laid this egg, now sits atop it hoping it hatches into a fine, healthy chick. Hopeful, there are nonetheless reasons

One Market-Split Brain

Mish Schneider | February 16, 2017

An inferior view of your brain might look similar. The frontal lobe (on top) carries out higher mental processes such as thinking, decision making and planning. You can see the frontal lobe is currently torn between a seller’s versus buyer’s mentality concerning the stock market. The cerebellum (on the bottom) controls balance and coordination of our muscles and the body. You can see the brain’s struggle to maintain equilibrium with the market currently frothy, but

"Bwok Bwok Bwok Bwok Bwok Bwok"

Mish Schneider | February 15, 2017

A whole lotta clucking going on. Yesterday, 2 brothers often in conflict, stood together. Big Brother Biotechnology and Prodigal Son Regional Banks, in their first real signs of feistiness since this rally began, made intentions known to the others in the Modern Family coop. As fire roosters hormonally charged, they flambloyantly danced to get the chickens’ attention. Maybe Valentine’s Day had something to do with it. To get lucky, a Rooster will take a sudden

Big Brother and Prodigal Son Rumble in the Jungle

Mish Schneider | February 14, 2017

Biotechnology and Regional Banks-2 brothers of the Modern Family-opened their T-Rex Rallysaurus mouths today and roared to new 2017 highs. Those rumbles stirred but could not shake Transportation through the potential triple tops. IYT closed in the red. The war-cry barely moved the sloth-like Retail sector back up to the 200 DMA. Sister Semiconductors, out of earshot, saw the open mouths and yawned in return. SMH also closed in the red. Inspired by his sons

Step Right Up to Today’s Market Action

Mish Schneider | February 13, 2017

In keeping with my theme of gauging the internal breadth of the market through the Modern Family. Monday’s strong session was not without disparity. Regional Banks (KRE) made early gains and even posted a new all-time high. However, KRE ended the session closer to its intraday lows. Sister Semiconductors (SMH) rose by over1%. Yet amazingly, did not do much as far as price levels, rather hovering just above the all-time highs. The Russell 2000 (IWM)

Biotechnology Got Investors on a String

Mish Schneider | February 12, 2017

“I've got the world on a string, sittin' on a rainbow Got the string around my finger What a world, what a life, I'm in love!” Frank Sinatra What a week, what a market, we’re in love! With 3 out of the 4 indices ending the week on new highs, at last we broke out over the 2-month consolidation of prices. Well, nearly everyone that is. Perhaps this is the part of the Fire Rooster

The Fire Roosters Bloom in La La Land

Mish Schneider | February 9, 2017

The Chinese New Year of the Fire Rooster began January 28th. Amazingly, if you apply the personality characteristics of the associated animal to how the markets have traded these last few years, the similarity between the two is uncanny. Considering the Fire Rooster is flamboyant, optimistic and lives to remain the center of attention, today’s market action surely has lots of folks crowing. However, one’s greatest strength is also one’s greatest weakness. The warning of

Three Trading Egrets

Mish Schneider | February 8, 2017

Let’s face it, this market has baffled pretty much everyone. This year, “uncertain” is one of the most widely used words. I titled my 2017 Picks published in December “Uncertainty is the New Sure Thing.” So yes, the Dow sits over 20,000 and NASDAQ continually makes new highs. Yet the other typical historical relationships aren’t working out so typically. That has left many traders with some egrets (regrets). What are the top 3? Too much

Chillin’ With Our Favorite T-Rex

Mish Schneider | February 7, 2017

Under the weather with a bad cold, so apologies for my brief commentary tonight. With the market trying to find its way, my warnings over the weekend about the resistance channel in the Russell 2000 and the growing disparity among the Modern Family hopefully serves as a caution. The S&P 500 has a record 36 days in a row without a +/-1% move. Therefore, good time to hang back and exercise patience. Meanwhile, here we

A Market That's Prickly Yet Soft

Mish Schneider | February 6, 2017

The “glochids” are loosely attached making it soft to the touch. Since loosely attached, they are prone to dislodge and fly in the air if bumped or shaken. Rats, mice, gophers, chipmunks, and bats all eat prickly pear cactus. Should the reddish-brown glochids get into the eyes of these animals, they can cause blindness. Hence the word “blind” in the name. Prickly yet soft. Visually pleasing yet blinding. A spiny cactus with no spine. As