Archives: Mish's Daily

3 Major Market Themes for the Rest of the August

Mish Schneider | August 6, 2020

As Keith and I are heading on a vacation (with social distancing) starting Monday for 3 weeks, this is the last Daily I will write until September 1st. Yet, not to worry, Geoff Bysshe will be taking over both my subscription service and the writing of the Daily blog. And if you do not already know this, he is awesome! Hence, I want to repeat 3 major themes to watch. First is the focus on

Regional Banks-The Prodigal Dunce

Mish Schneider | August 5, 2020

With the Russell 2000 breaking out over the 50 and 200-week moving averages, the market does look like blue skies, right? Retail XRT ran to just over $50.00 Sister Semiconductors SMH rocked to another new all-time high. Transportation IYT passed the critical test at the 200-WMA. Biotechnology IBB consolidates over the 5-year breakout. But our Prodigal Son Regional Banks? Well, perhaps not all is lost Regional Banks KRE are in a bearish phase. The sector

Prodigal Son Regional Banks The Ball and Chain

Mish Schneider | August 4, 2020

With the Russell 2000 breaking out over the 50 and 200-week moving averages, we should see nothing but blue skies, right? Maybe. We have lots of positives based on hope, of course. Retail XRT, as featured a while back, is doing well. Sister Semiconductors SMH is on the road less traveled to new all-time highs. Transportation IYT faces a critical test at the 200-WMA. Biotechnology IBB consolidates over the 5-year breakout. So, what’s up with

Is NASDAQ Tiring?

Mish Schneider |

A few cautious flags were thrown up today in spite of the new all-time highs in NASDAQ The volume was light. After Friday's spike in volume, Monday QQQs saw below average daily volume. The momentum indicators that we use that measure tops, bottoms, and big trends show a divergence between momentum and price. The momentum on NASDAQs last trip to new highs on July 13th had higher momentum than today's, with a new all-time high.

A Summer Road trip with the Economic Modern Family

Mish Schneider | August 2, 2020

Last week Max Wiethe from Real Vision and I sat down for about an hour to discuss a myriad of timely and relevant market topics. (Link at the end of the commentary). So much happened in this past week. The short list: Blow out Earnings of Apple AAPL, Alphabet Inc. GOOGL, Facebook, FB and Amazon AMZN Apple announcement of a 4:1 stock split The Fed Meeting The Anti-trust Committee Meeting Trump blocks TikTok Trump threatens

Who Says Gold Is Topping?

Mish Schneider | July 29, 2020

MarketGauge has some pretty cool proprietary software. One indicator is Triple Play. That measures the ratio between a particular instrument and a benchmark. Triple Play reveals the true trend strength of a market based on "price leadership" and "volume power". This measure of the market's health gives you an advantage that other traders don't have. For example, many are calling for a top in gold. Others have already taken profits and are out now in

Who Says You Can’t Time the Market?

Mish Schneider | July 27, 2020

Junk Bonds JNK, rallied Friday closing above the 50-week moving average. Then again today, JNK ran up to yet another new high since March. This is the best example of “Don’t Fight the Fed!” (especially ahead of the Fed meeting). Until I see a shift in risk appetite, I cannot get negative, in spite of the headlines, economic data, rise in gold, fall in the dollar or civil rest. Call JNK the perfect timing mechanism,

Economic Modern Family Has Eyes on Granny Retail

Mish Schneider | July 26, 2020

In the world of large cap and tech stocks, Friday was an interesting trading day. Lots of those stocks touched down on their 50-DMA. To name a few: JD, Baidu BIDU, IQ, Netflix NFLX and Microsoft MSFT. With sentiment or risk on/off gauges flashing bearish, these big guns are at make or break points for Monday. Any of these could leave more distance between them and their 50-DMA. Or, they can easily break them

Follow the Path to Money

Mish Schneider | July 22, 2020

As my loyal readers and followers know, I have been bullish gold and silver since 2018. Oh sure, we have had some ups and downs, but since the March low, every dip has been a buy opportunity. And my bullish stance in the metals was not always met with enthusiasm. May bears out there thought the dollar would go up, the rates would not impact the bull move in metals and that the possibility of

Junk Bonds-A Test of Resistance

Mish Schneider | July 20, 2020

With such divergence blaringly apparent in the market, I like to look at junk bonds. The junk bonds help us see risk appetite. Last week I did a piece on JNK when they appeared more vulnerable, skidding along the 50 daily moving average you see in blue. Then, buyers showed up in junk, along with the rest of the market. However, with the surge in growth stocks today (small caps and in NASDAQ) while the