Archives: Mish's Daily

Fire Rooster Struts at the SPY’s All-Time Highs

Mish Schneider | October 21, 2017

Photo by Barry Naiditch Mr. Fire Rooster stops dead in his tracks. He becomes paralyzed whenever he hears someone repeat the Chinese astrological prediction for the conclusion of the Year of the Fire Rooster: “Serious setbacks towards October will bring a long-term bearish market as there is no more fire years before the Tiger year 2022.” Turns out, what fuels our fire rooster even more than his innate need to be in the limelight, is

The Market’s Sunset Proves Darkest Before Dawn

Mish Schneider | October 19, 2017

It’s always so beautiful in the Southwest just before the sun goes down. Afterwards, without the light of the moon, it gets dark. The temperature, at 7000 feet above sea level and with no buildings around to absorb heat, drops quickly. The market began the day holding its breath, wondering if the beauty of the new highs (and high altitude) we saw yesterday, would crash on the 30-year anniversary. The Dow dominated headlines. The market

Sister Semiconductors-Feel the Thunder

Mish Schneider | October 18, 2017

To watch my Facebook Live Video on Sister Semiconductors, please click the link below. Semiconductors are crystals made mostly of silicon. Hence, Silicon Valley’s name. Furthermore, where our Sister SMH lives. Semiconductor chips act as the “brain” on so many devices we can no longer live without. I recorded my video on my smartphone. I am writing my blog on my computer… SMH is made up of 25 technology stocks, 74% of which manufacture

Do Commodities Have a Silver Lining?

Mish Schneider | October 17, 2017

To date, I am not nearly as loaded up on commodity trades as I plan to be once certain technical factors line up. With all the current buzz about inflation and the rising producer price index, preparedness for buying languishing commodities makes sense. Currently, the Federal Reserve’s inflation target falls short of the parameters they would like to see before raising rates further. Interestingly though, just about everything can change on a dime. For example,

Market in the Hands of a Balloon Twister

Mish Schneider | October 16, 2017

People who create balloon animals are called Twisters. To attract attention, twisters appear clown-like, dressing in bold colors. Some twisters inflate their balloons with their own lungs. However, many use a pump. When I think of the market and its main influencers, I cannot help but think “clownish twisters.” Each day, the influencers fill the news with acts that shock some and delight others. The influencers, for the most part, inflate news with their own

Can the Market’s Goose Keep Laying Golden Eggs?

Mish Schneider | October 14, 2017

Cupid looks as though he’s squeezing the Golden Goose to see how many more eggs she has left to hatch. Cupid loves him some eggs. He especially loves the golden ones or the encouraging economic stats that keep feeding market lovers in love. In Aesop’s Fable, the goose lays a golden egg a day, which makes a couple very rich. So, the couple decide rather than wait for another day and another egg, they would

The Market is Like Spooky Groundhog's Day

Mish Schneider | October 12, 2017

The market seems somewhat “Groundhog’s Day”ish to me. In my movie, I wake up each day in a town that is fraught with harrowing images only to discover it’s just a dream. Or is it? The landscape is filled with goblins. President Trump’s executive order on the ACA is one. Without politicizing, the highly speculated biotechnology sector as measured by the ETF, IBB moved lower. This caused the doves to flock to a decreased chance

The Market’s Star Wars

Mish Schneider | October 11, 2017

Unusual to capture both Darth Vader and Yoda in the same screenshot, I acted fast when I saw them both flying close together at the Balloon Fiesta. Of course, we root for Yoda-the representation of the “good guys.” And naturally, we remain aware of the power of the dark side represented by Darth Vader’s evil empire. In this sentiment, we examine the frothy market. Narrowing it down to three areas of focus, I stick to

Is the Market a Hot Air Balloon?

Mish Schneider | October 10, 2017

The U.S. market made new highs today (in the DJIA). Certainly, the market makers are fueling the balloon with fire. My radar screen looks as colorful as these balloons. Stocks such as JetBlue (JBLU) roared into an unconfirmed Recovery Phase. Other stocks such as TripAdvisor (TRIP) and Pandora (P), fell hard. The Modern Family all gained. Regional Banks (KRE) went neck in neck with Transportation (IYT) for the highest percentage gainer. Granny Retail barely budged.

Your Commodities Trading Education Starts Here

Mish Schneider | October 9, 2017

Last week, I dedicated a lot of the Daily commentary to what I believe could be the hedge of the century. Talk about a protracted bear market, the ratio between the performance of commodities versus stocks has only been this low twice in the last 100 years. Interestingly, tuning in to this ratio right now aligns with a more esoteric concept: The astrological prediction that, “Serious setbacks towards October will bring a long-term bearish market