Archives: Mish's Daily

If I Only Had a Hi-Tech, Fuel-Injected, AAA Heart!

Mish Schneider | January 18, 2017

This tinman recycled from old oil cans and drums evokes several reactions. My first thought goes to Semiconductors. The sister in the Modern Family, SMH has worked exhaustively to keep their spirits up. In fact, today’s intraday high (73.48) is above the 6-month January calendar range high. SMH ultimately closed just shy of that number. Today’s price action suggests that SMH, working to negate the more ominous topping pattern it had on December 28th, holds


The Market Contracts and Flexes its Muscles

Mish Schneider | January 17, 2017

Imagine my surprise and sparked imagination when the doctor told me that we have sphincter muscles around our eyes and mouth. And here I spent a lifetime thinking we only had one! (We have over 60!) The market has its share of voluntary and involuntary sphincter muscles as well. If meant to tighten or close holes, today the market’s sphincter attempted to SEAL the rally. I often write about the relationships among the Modern Family’s


2017: American Graffiti Meets Oliver Frankenstein

Mish Schneider | January 14, 2017

This Mercury first appeared as a concept show car in 1954. In 1956, the Montclair sold as Mercury’s best. Featured in many movies such as “American Graffiti,” “Bullitt,” “The Lord’s of Flatbush,” “Highway Patrol” and “Frankenstein’s Daughter,” this car represented quintessential American innovation and design. Interestingly, 2 years after production of the Montclair, The Recession of 1958 occurred. Although a relatively short-lived recession, the major factor in the GDP decline was that new car sales


Crisp Images, Perfect Alignment, Exquisite Setups

Mish Schneider | January 12, 2017

Tonight, the first full moon of 2017, called the “Full Wolf Moon,” will rise. Named as such by Native American tribes, the wolf packs howled hungrily outside the villages during cold January. Today in the market, the bull packs howled hungrily. Just as the market headed down to test frosty support levels, the bulls found fresh kill to eat. In the 6-month January Calendar Range countdown, we have two more trading days left to establish


The Market Enters the Bronze Age

Mish Schneider | January 11, 2017

A picture says 1000 words. Yet as a writer, naturally I am compelled to write a few. We begin with a riddle: What has a bronze head, a red skull, and is dusted in snow? Seemingly larger than life itself, the market like a bronze bust, sits stubbornly on its pedestal near the highs. Stubbornly, in that 20,000 continues to elude the Dow. Stubbornly, in that two of the Modern Family (Biotechnology and Retail) are


Market Voyeur

Mish Schneider | January 10, 2017

In NYC, our hotel window faced this window. The only object in the room was the bed. The inhabitant made the bed each day and left the room clearly visible. At the risk of appearing a bit of a voyeur, I found this room both inviting and ominous at the same time. Starting out 2017 appearing as a bit of a market voyeur, I find the trading action both inviting and ominous at the same


C’mon Inner Peace; Traders Don’t Have All Day

Mish Schneider | January 9, 2017

Besides that she looks electrified and mystical in a sort of goddess, yogi, Frankenstein way, I imagine that she gazes up for a sign on the market’s next direction. Me too. After all, the conflicting signals on the charts do not really add up. On the one hand, NASDAQ made a new all-time high. Biotechnology cleared all of December’s price movement. Semiconductors retook a pivotal resistance point. On the other hand, Retail was cast in


Mish’s 2017 Stock Picks

Mish Schneider | January 6, 2017

A theme for 2017 that keeps playing in my head is “Uncertainty is the New Sure Thing.” On December 22, I wrote a blog using that theme as a title. So, with this overriding sentiment in mind, I am happy to present Mish’s 2017 Picks. To organize the selections, I begin with the macro picture, particularly the four indices and the sectors in the Modern Family. For 2017, I use 7-year and 2-year trends as


Order and Chaos-Two Sides of the Same Coin

Mish Schneider | January 5, 2017

We live in the desert so for us, a trip to the ocean is the perfect yang to our yin. The flock of seagulls, mostly flying in the same direction yet with a tinge of chaos, also serves as a reminder of the symmetry between opposing characteristics. In current market conditions, a yin and yang or seemingly opposite or contrary forces that may be complementary, exists. Brick and mortar retail versus online shopping is the


Dow Nears 20,000; Boop-Oop-a-Doop.

Mish Schneider | January 4, 2017

In 1930, right after the stock market crash, Betty Boop appeared. The U.S. was in the throes of a Depression. Betty’s persona helped alleviate the country’s blues. (She also represented a departure from the stereotypical female). Betty Boop had a colorful family. She liked to visit her Grampy, an energetic and eccentric inventor.  He created labor-saving devices and built self-playing musical instruments. Betty and Grampy animated two societal messages. (Actually, way more than two, but