Mish’s Daily: Bonds, Euro-Dollar, Metals, Oil and a Pick
Mish’s Daily: Bonds, Euro-Dollar, Metals, Oil and a Pick
Written by Michele ‘Mish’ Schneider
In the last few Daily blogs, we have covered a lot!
From the silver to gold ratio, to long bonds to the Euro versus the dollar.
And that’s not all!
We have looked at the 23-month moving average and how that has been an incredibly reliable indicator to assess where the economy might be going-or if it is going nowhere.
We also covered the agricultural ETF DBA, sugar futures and their significance-and most recently, looking at Utilities.
For today, we posted a short 11 minute video that I do for CMCMarkets in the U.K.
Here is the link:
Recorded April 4th.
And please take some time to listen to a podcast with Madam Trader’s host Ashley Kyle Miller recorded March 20th https://open.spotify.com/episode/5wsel9HO3etLVRsneWndPb
Chart is from Big View-Risk On/Risk Off Indicator using SPY
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Mish in the Media
Business First AM Angela Miles-on Utilities 04-04-23
Kitco News On Oil and Gold Neils Chritensen 04-03-23
Festival of Learning Real Vision 03-31-23 (RV Members only)
CNBC Asia on Volatility 03-31-23
Coming Up:
April 6th Making Money with Charles Payne Fox Business
April 13 The Final Bar Dave Keller Stockcharts
April 24-26 Mish at The Money Show in Las Vegas
May 2-5 StockChartsTV Market Outlook
ETF Summary
S&P 500 (SPY) 405 support and 410 pivotal
Russell 2000 (IWM) 170 support- 180 resistance still
Dow (DIA) Confirmed bullish phase and inside day-through 336.25 could go higher
Nasdaq (QQQ) 325 resistance 314 10-DMA support
Regional banks (KRE) 41.28 March 24 low
Semiconductors (SMH) 247 is the most significant support
Transportation (IYT) 219 the 200-week moving average to hold if good
Biotechnology (IBB) Exhibiting leadership-esp if clears 130
Retail (XRT) Don’t want to see this break under 59.75-and best if clears 64.50
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