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

January 18, 2017

Mish's Daily

By Mish Schneider


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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

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The Market Contracts and Flexes its Muscles

January 17, 2017

Mish's Daily

By Mish Schneider


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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

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Divergent

January 15, 2017

Weekly Market Outlook

By Keith Schneider


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The US Equities Market paused this week after an almost 200 point intraday shakedown in the INDU on Thursday.  Equities recovered and essentially left prices where they started the week. NASDQ 100 was the exception as FANG stocks were hot, driving the NASDQ 100 to record highs. This Friday, on my way into a popular Santa Fe eatery for a business lunch, I ran into an acquaintance who happens to be a distinguished foreign service

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2017: American Graffiti Meets Oliver Frankenstein

January 14, 2017

Mish's Daily

By Mish Schneider


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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

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Crisp Images, Perfect Alignment, Exquisite Setups

January 12, 2017

Mish's Daily

By Mish Schneider


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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

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The Market Enters the Bronze Age

January 11, 2017

Mish's Daily

By Mish Schneider


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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

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Market Voyeur

January 10, 2017

Mish's Daily

By Mish Schneider


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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

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

January 9, 2017

Mish's Daily

By Mish Schneider


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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

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The Exponentially Larger Chicken Little

January 7, 2017

Weekly Market Outlook

By Keith Schneider


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The results for the first week of 2017 in US equites were impressive after a wobbly end of 2016. The S&P500 ended up +1.66% with NASDQ 100 up +2.86%. A far cry from the inverse action one year ago, For those market gurus calling for a major top, crash or zombie apocalypse, it all reminds me of the fable “Chicken Little.” Since this is the year of the Chicken per Chinese folklore, it seems appropriate

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Mish’s 2017 Stock Picks

January 6, 2017

Mish's Daily

By Mish Schneider


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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

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Order and Chaos-Two Sides of the Same Coin

January 5, 2017

Mish's Daily

By Mish Schneider


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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

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

January 4, 2017

Mish's Daily

By Mish Schneider


mdaily20170105

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

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How Can Investors Find a Rare and Fresh Perspective?

January 3, 2017

Mish's Daily

By Mish Schneider


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Jackson Pollock-abstract expressionist painter At the Museum of Modern Art in New York, curators viewed One: Number 31,1950 the way that Pollock painted it-laid horizontally. This provided a rare and fresh perspective. As such, the scale became more readily understood. In the spirit of changing perspective, we officially began stock trading 2017. Pollock would fling his arms in sweeping gestures. He controlled where the paint would be thick and where it would form fine, thin

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Even During 20 Years of Consolidation January Had This Trend Opportunity!

December 31, 2016

Trades & Tutorials

By Geoff Bysshe


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January Has Had This Pattern in 8 of the Last 11 Years, and You Can Profit From It. After a strong bull run from 2009 to 2016... What if the market stalls out, and becomes range bound for 20 years! It’s happened before. Below you’ll find a monthly chart of such a period. From 1963 to 1982 the Dow traded basically between 650 and 1000. This could be viewed as a nightmare for trend followers,

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Luckily, the Market is Tagged

December 29, 2016

Mish's Daily

By Mish Schneider


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Luckily, the Market is Tagged For the first time, Diego perched himself on this chair by our trading screens. As today is the last Mish’s Daily for 2016, I wondered how Diego’s and the market’s action might be related. The Urban Dictionary defines “Diego” as a guy who is afraid to admit what he really wants and acts differently around certain people. If he's into you, you're his queen. But once that's over, he moves

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Early Warning Signs Of A Failing Trade

Trades & Tutorials

By Geoff Bysshe


Early Warning Signs Of A Failing Trade

Buying near the low of the day doesn’t guarantee a winning trade, but it can keep you in trades longer, and keep your losses small, because a good trade will hold up in minor market declines. However, there are good lows to buy, and the rest should be avoided! Additionally there are days in the market that stack the odds of success in your favor, as well as those that put the odds severely against

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Market Bulls Carpeted Stampede

December 28, 2016

Mish's Daily

By Mish Schneider


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Bison in Formation on Carpet Pasture bison are typically calm and easygoing animals. However, once confronted with ill-informed handlers they become "wild beasts." To prevent bison from stampeding, handlers must approach cautiously. Bison prefer to stay within the herd. Once the herd separates, panic can set in. Market Bulls have spent over a month of congregating within a herd. “Handlers” made sure they remained in a state of calm. The Dow took a fourth attempt

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20,000 in the Dow: I Got a Peaceful, Creepy Feeling

December 27, 2016

Mish's Daily

By Mish Schneider


mdaily20161227

While at a holiday party, I found this Effanbee doll circa 1920 in the hostess’ guest room. Originated in 1912, the Effenbee dolls became well known as the first realistically proportioned child doll. What struck me about this doll, is that she looks both serene and creepy at the same time. (Not to mention that her crib resembles an open coffin.) Realistically propotioned yet with an underlying sense of the macabre, here are today’s top

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Happy Holidays from MMM Daily!

December 26, 2016

Mish's Daily

By Mish Schneider


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Here’s to you, my friends and devoted readers. Wishing you and yours all the joys and love of the holiday season. Next Daily with commentary and ETF analysis will be published on the afternoon of December 27th

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Uncertainty is the New Sure Thing

December 22, 2016

Mish's Daily

By Mish Schneider


mdaily20161222

Perhaps the Gremlin at 20,000 in the Dow resembles the first angel. (Please regard the comparison in the spirit it is meant.) Not necessarily warnings of “hail and fire mixed with blood…hurled down to earth,” as prophesied in the Revelations. Nevertheless, for poetic license, a biblical reference this time of year comes in handy. After all, the end of an age has come to pass. For 2017, the typical avenues of predictability are out the

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