Archives: Mish's Daily

Has the Stock Market Found Love or Litigation?

Mish Schneider | May 9, 2019

The juxtaposition of these two signs fascinates me. Message to the lawyers? Their clients? Merely a coincidence? Doubtful. The market fills me with a similar fascination. Will the current bullish phases in the Russell 2000, Transportation, NASDAQ and the S&P 500 continue to spread love? Or, will those indices and one sector find themselves talking to a bankruptcy lawyer? Semiconductors fell further. Yet, with 110 pivotal, some late day love prevented it from going into

Should Market Bulls Stay Positive?

Mish Schneider | May 8, 2019

This guy is my hero. Standing on the corner, holding up this sign, he got my attention. He readily engaged in conversation. He did not ask for money, so I asked him if he needed any. He said, “it couldn’t hurt.” The bulls are in a similar scenario. They are standing on a corner, trying to stay positive, while discreetly holding out their hand hoping for money. Was today’s rally too shallow for any real

The Stock Market Bears Unchained

Mish Schneider | May 7, 2019

In the art world of Santa Fe, NM, there exists a “caveat emptor.” One example you see is in the photograph. Many art dealers sell sculptures priced as though they are original pieces made from bronze. The reality is they are mass produced, most likely in China, and made with low-grade metals. Similarly, the market gave the bulls “caveat emptor.” After the Russell 2000 kicked bear’s butts yesterday, today it did what more discerning buyers

The Russell 2000-The Ridiculous and the Sublime

Mish Schneider | May 6, 2019

Given the open today, the Russell 2000 kicked bear’s butts and took names. Not only did Granddad hold the fast-moving average on the daily chart, it cleared last week’s high on the weekly chart. Over the weekend, I featured two other economic modern Family members, Regional Banks KRE and Retail XRT. As of Friday’s close, KRE came within spitting distance of its 50-WMA. XRT has another dollar to run until it gets there (if it

The Weaker Market Sectors Rally To Resistance

Mish Schneider | May 4, 2019

A while back I stated that by the time Regional Banks KRE, Retail XRT and the Russell 2000 IWM, reach their 50-week moving averages (blue) the top is near. As of Friday’s close, KRE came within spitting distance of its 50-WMA. XRT has another dollar to run til it gets there (if it gets there). And Granddad, for the 7th time, pierced and closed above its 50-WMA. Are we near the top? Before I took

Stock Market’s Key Sectors Behaving Badly

Mish Schneider | April 25, 2019

A follow up to New Age Beverage-the subject of yesterday’s Daily. Yesterday they announced that the Company (NBEV) expanded their licensing agreement with the Marley family for an additional 10 years. Today, they announced the global launch of its CBD product portfolio, with the unveiling of a line of CBD creams, lotions and oils to be sold worldwide under the company's health sciences division. The stock opened 10% higher, settling over 5% up on the day.

Bob Marley, New Age Beverage and CBD

Mish Schneider | April 24, 2019

A year ago, we visited the Bob Marley museum in Kingston, Jamaica. The museum is the house he lived in for years, preserved with all the original furniture, recording studio equipment, kitchen appliances (he was big into juicing) and sacrament! The tour turned out an emotional experience. The guide took us through the house where he wrote so many of his famous songs. She encouraged us to sing a different one in each of the

Stock Market Grows Green Shoots

Mish Schneider | April 23, 2019

As concerned as we were about the weaker sectors, that the Russell 2000 IWM never had a bona fide reversal topping pattern, kept us in our longs. And that Transportation IYT, even more so than Semiconductors SMH, held recent gains, also kept us from getting bearish. When I stepped outside this morning, our tree, which literally has been bud-free, today, sprouted green shoots. As did the Russell 2000 IWM! That in turn, helped the other

Good Time to Check the Silver to Gold Ratio

Mish Schneider | April 22, 2019

Before we get into the chart and subject of today’s Daily, a quick recap of the market activity. The Modern Family, Regional Banks KRE, Transportation IYT, the Russell 2000, Granny Retail XRT,  Biotechnology IBB, and Semiconductors SMH, is whacked. Over the weekend, we saw the divergence among sectors-or what is starting to look like the have’s versus the havenots. As mentioned in the weekend Daily, “Rarely have I seen such variation among sectors-from new all-time

Holiday Time with the Economic Modern Family

Mish Schneider | April 18, 2019

Perhaps you are with family this weekend. Hopefully, that is a harmonious experience for you. However, some families are decidedly disharmonious. For example, the Economic Modern Family are squabbling this weekend. With a clear lack of unity, the fights among the members concern who is right (the strong or the weak.) If most of us charted our family differences, they might look like the divergences we see in the Modern Family weekly charts. Rarely have