Archives: Mish's Daily

Economic Modern Family-Where are they now?

Mish Schneider | January 6, 2019

Last week I wrote, “Looking at the Modern Family, the Russell 2000 IWM, if holds 134.65 by the end of this week, returns over the 200-week moving average and back from a weekly distribution phase into a weekly caution phase.” Furthermore, “Transportation IYT, is also back above its 200-WMA. That means IYT must close the week out over 164. While Semiconductors never broke its 200-WMA, all the others have traded well below theirs.” The charts

A Pleasure Time Beverage Publicly Traded

Mish Schneider | January 3, 2019

My newest muse for photos to take as metaphors for the Daily? Vintage flea markets. When I came across this vintage piece, I thought immediately about the cannabis industry today. Back in the day, the pleasure time beverage was Coca-Cola. In 1886, a pharmacist invented coke and used the phrase, “The Pause That Refreshes” to market it. Originally sold as a drug, Coca-Cola claimed it got rid of headaches and fatigue. Until 1903, the soda

Will the Bear Stock Market Continuará?

Mish Schneider | January 2, 2019

In 2007, the first Continuará convention was held in Uruguay for fans of comics, role-playing games, fantasy and strategy games. The convention lasted only four years. The translation of Continuará is “to be continued.” To start 2019, I choose this word and image. What we will discover soon enough, is whether this bear market is “to be continued.” We will also discover whether any rallies are more role-playing for the perpetual bulls or in other

2018 Stock Market: Auld Lang Syne

Mish Schneider | December 23, 2018

After writing hundreds of Daily blogs in 2018, it is with both joy and sadness that I write the last one for the year. I wish to thank all my devoted readers and those financial publishing services who reprint my Daily on their websites. Throughout this volatile year, certain trends have emerged, and we expect these trends to continue into the beginning of 2019. Furthermore, we are focusing on the potential trends that could offer

Can the Market Be Saved?

Mish Schneider | December 20, 2018

Thousands of years ago, the tyrant Mahishasura, part demon and part buffalo, asked for immortality. In his quest for immortality he added, “No man shall kill me.” In his rage and pride, he nearly destroyed the earth. The lords Brahma, Vishnu and Shiva got so mad, they radiated a blinding light. From this light, the ten-armed Goddess Durga was born. The gods were clever! They created an immortal woman, since Mahishasura could not be destroyed

Santa’s Reindeer Rally Gets Hung Up

Mish Schneider | December 19, 2018

One might say that Jerome Powell ended the potential Santa rally into year-end. Or one might say that Powell keeps the bull’s hope alive, given the “dovish rate hike.” Or, one might say that the market has been weak all year and that the rally in the Dow to new highs in October was the devil in disguise. Regardless of the reason, the Dow was up 250 points before the FOMC announcement, and then fell

Will The Bulls See More Than A Cheshire Cat’s Grin?

Mish Schneider | December 18, 2018

Allegedly, the Cheshire cat was named after a county in England that had an abundance of milk and cream. Hence, the cats grinned in response to the abundance. Then, Lewis Carrol used the Cheshire Cat in Alice in Wonderland. He was depicted as a clever and mischievous cat, who helped Alice get in and out of trouble. Furthermore, he could make his body disappear and appear at will, leaving visible, only his grin. The Cheshire

Putting Biotechnology Under A Microscope

Mish Schneider | December 17, 2018

First, I would like to thank Geoff and Keith for filling in for me while I was busy in New York receiving an award for the “Best Stock Tip of 2018” from RealVision. If you are new to the blog, we all like to write about the macro picture using what I call the Economic Modern Family. This “Family” is comprised of one index (the Russell 2000 IWM) and five sectors (Retail XRT, Biotechnology IBB,

If It Looks Like Bear, and Acts Like A Bear...

Geoff Bysshe | December 16, 2018

The commonly excepted definition of a bear market is misleading and dangerous. “Bear Market” implies it’s dangerous to buy stocks, but based on the commonly excepted definition of a bear market, the Dow, S&P 500 and Nasdaq 100 indexes aren’t there yet. If you’re a regular reader of Mish’s commentary, this shouldn’t come as any surprise... Stocks are in a bear market now, and you should trade accordingly. At MarketGauge we call a Bear Market

Is Tesla Really Heading for Orbit?

Keith Schneider | December 13, 2018

The almost 1 trillion-dollar farm bill was passed by Congress yesterday, but it was passed over by the markets as all the key indexes closed mostly flat. The exception was the Russell 2000 I(WM), which was unhappy and closed down-1.41%.  This was strange considering the farm bill was designed to help the domestic economy and received approval from both parties (a rare event ). On a relative basis, the trading ranges for stocks were relatively