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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Why Silver Prices May Trade Higher In The Short-Term

The past several weeks have seen Silver prices consolidate in a wide range. This range indicates a still indecisive market for precious metals. However, that doesn’t mean that there aren’t opportunities for traders. The iShares Silver Trust ETF (SLV) captures a nice potential trading setup for SLV in the weeks ahead. But before we look at the technical setup for Silver, let’s briefly cover some fundamentals. The Fundamental Backdrop For

What Consumer Stocks Are Saying About The Health Of The Consumer

One market leading indicator (and sector) is the consumer. If the consumer and consumer-related stocks are healthy, the stock market tends to perform well. One of my favorite ETFs to follow in this regard is the Consumer Discretionary Select Sector ETF (XLY). This sector ETF takes into account the health of consumer by looking at stocks that sell things consumers “want” instead of “need”. And if consumers are buying stocks

Why Apple’s Next Move Is Important For Stocks (AAPL)

Everyone knows that Apple, Inc. (AAPL) is one of the titans in the stock market. And due to their market cap (currently $728 Billion), they can often weight down major market indices such as the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. So our first question is an easy one… Does Apple’s stock price affect its peers and the major market indices. The answer is yes. And the larger

Apple Earnings Report: Expectations And Chart Implications

Today Apple, Inc. (AAPL) will report earnings after the bell. And after crushing earnings last quarter, the expectations are running high (once again) into the Apple earnings report.  The stock is up today in a “down” market, so investors are feeling a bit bullish. Apple Earnings Wall Street consensus (according to Estimize): $2.18/share earnings on $56.3 billion in revenue. Note the Estimize community estimate is slightly higher. But there’s more

S&P 500 Nears All Time Highs: Chart Implications

As I type, the S&P 500 is within one point of its all time highs set back in February. The question now is whether we will see a new leg higher that leaves this choppy consolidation behind? Or will the choppiness persist, limiting the move? Here is a chart showing the break above the upper wedge line around 2107. This lead to the quick move higher to test the S&P

Teucrium Agriculture ETFs: Bottoms Up or Bottoms Down?

The longer the US Dollar Index remains at or near 100, the more difficult it will be for the common grains (Corn, Soybeans, and Wheat) to put in a bottom. As I’ve mentioned before, Corn’s chart looks the best but time and price are beginning to wear on investors. Wheat and Soybeans continue to trade near their respective lows, but recent rallies have offered a little breathing room. Let’s walk through

Market Breadth Indicators Mixed As Stocks Near Highs

Back on April 1, I posted a series of charts looking at the overall health of the markets in terms of the S&P 500 and market breadth. The article was entitled “Running To Stand Still”, a tribute to a great U2 song that seemed to define the trading environment we are in. I thought I’d provide a quick update to that chart post while expanding the metrics. Using the chart below as

S&P 500 Update: Wedge Pattern Keeping Market Bulls In Check

The past several weeks have been an adventure for active investors. To be honest, I’ve been itching to be more active, but my experience has told me that sometimes less is more. Earlier this week I highlighted a major S&P 500 Fibonacci extension level that resides just overhead around 2140. This area coupled with some other near-term fibs makes 2130-2160 interesting. But when and how we get there is another

Netflix Earnings Trigger Big Breakout For Stock Price

For much of the past year, Netflix (NFLX) stock has traded sideways in a wide range (150 points!). The size of that range probably made it difficult for longer term investors to hold on, but those who did were rewarded by Netflix earnings report last night. It wasn’t so much then earnings and revenue that wowed investors, as Netflix earnings report was mostly in-line with analyst expectations (they reported 0.77

S&P 500 Within Reach Of Major Fibonacci Level

It’s inevitable, every time investors start to “look” higher, the market reverses and punishes them. This has happened several times in 2015 as the markets have been volatile and choppy. But with the stock market back near all time highs, a major S&P 500 Fibonacci target comes into play again. Back in late February, I posted about the 1.618 Fibonacci extension from the ’09 lows back above the ’07 highs.