Posts From Andrew Nyquist

Andrew Nyquist
Andy is the founder of See It Market. He has been actively investing for over 15 years with a strong focus on technical analysis and swing trading. His blogs, articles, and contributions have appeared on numerous websites, including Yahoo! Finance, MarketWatch, Business Insider, Investing.com, and Benzinga to name a few. Andy has also been interviewed and cited across several media outlets.In addition to founding and managing See It Market, Andy enjoys actively investing, playing and watching sports, and spending time with friends and family - especially his wife and three children. Andy recently ended a long stint in the financial services industry to focus on See It Market and private trading. He is a 1998 graduate of Carleton College and resides in the Minneapolis area.
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Markets Tame As The Fed Serves The Porridge Just Right

The market likes some level of “certainty”… especially when it feels like the market has been lacking it. Enter the Fed today. As expected, the Fed held rates unchanged. But what about the rest of the FOMC statement? Well, the Fed statement was carefully crafted/hedged (as usual), with mention of a strengthening labor market and the possibility of a rate increase… perhaps even this year. The usual. And how did the market perceive

Chart Of The Day: Chinese Stock Market ETF (FXI) Crushed

The Shanghai Stock Exchange (SSEC) fell 8.5 percent overnight highlighting just how unsettled investors are in that market. That drop has translated to a 4.3 percent drop on the iShares China ETF (FXI) as the U.S. markets near the last 30 minutes of the trading day. I’m not all that surprised because the original 30 percent selloff created a lot of overhead supply. So even though we saw a sharp rally

Gold’s Mini-Crash Leaves It Oversold, But Vulnerable

I’ve written a lot about the macro headwinds that face Gold. And even though I’m still neutral to bearish on the yellow metal over the next year or so, I’m still a trader… so I’m always looking for opportunities. So when Gold prices sold off sharply on Sunday night, I did what I always do:  check the charts. But what I found was a difficult setup. The yellow metal had

Will The Russell 2000 Confirm The Rally?

Over the past two weeks, the markets have put together a nice rally, seeing the Nasdaq Composite reach new all-time highs, and the S&P 500 test its all-time highs today. But one missing ingredient over the past few days has been the Russell 2000. So why is this important? Typically small caps are a nice gauge of “risk-on” and represent high beta. So, while it’s not overly concerning, it is something

China ETF: Where Will The FXI Rally Fizzle Out?

The collapse in the Chinese stock market also took down its U.S. traded ETF, the iShares China (FXI). And following a breathtaking drop, a sharp FXI rally has unfolded. Is this a V bottom, or a sharp bear rally?  I’d lean with the latter, but following the price action and behavior at key levels should help traders navigate the days/weeks ahead. To recap: After a huge parabolic-like FXI rally that

Chart Of The Week: Apple (AAPL) Defends 120 Level

The past two years have been very good to Apple, Inc (AAPL – quote) shareholders. But if they want the momentum to continue to new highs over the near-term, then Apple stock will likely need to hold above a confluence of key price support around 120. Last week, the stock dipped as low as 119.22 before rallying to close the week at 123.28. That rally off last week’s lows put in weekly

Market Update: The VIX Creeps As Investors Fight Capitulation

Yes, the market is oversold and due for a bounce. But at the same time, the market is having trouble holding a bid. And the Volatility Index (VIX) is creeping higher. Let’s recap:  On Tuesday the S&P 500 saw a big reversal higher. But much of those gains were given back on Wednesday. And today we opened higher, only to see stocks sell off throughout the day. Couple this weakness

Alcoa Stock (AA) Deeply Oversold Into 2Q Earnings Report

Another earnings season is ready to kick off and that means that investors are ready to consume another Alcoa (NYSE: AA) earnings report. But this one may be more telling than the past several for Alcoa stock (and global markets). With the Chinese stock market down 30 percent over the last month and another Greek crisis brewing, investors are getting concerned about the global economy. Could we be headed into another

Chart Focus: Putting The German DAX Decline In Perspective

The German DAX Composite began its decline well before the Greek crisis found its way back to the forefront of our trading screens. The Euro also began to firm up well before the drama in Greece. That simply means that some of the fallout in Greece is likely priced into the markets. Now this doesn’t mean that there isn’t risk to fall further, it just means that capital often begins to reposition before “events”.