Mish’s Daily: Key Market Relationships for Next Big Move
Written by Michele ‘Mish’ Schneider
First off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts.
Then, we are off to Orlando for the Money Show.
November 1st, Keith and I go on vacation until the middle of the month.
This is the last Daily I will be writing for awhile.
However, I will have several clips in the next few days to share and Geoff Bysshe will be occasionally writing the Daily in my absence.
With that said, today I began the day with Benzinga Market Prep Show.
I am featuring this today as content because I hope it helps you look at the market objectively.
We did not discuss inflation, which as you are aware of, I believe can go hyper as geopolitical stress, social unrest, strikes for higher wages and mother nature could each or worse, all, kick into gear.
We discussed bonds, small caps, commercial real estate, retail, and a couple of stocks.
In that discussion, and on the heels of Bill Ackman’s statements along with our own technical indicators, we spell out the exact relationships to watch.
Monday’s Daily explained how much long bonds factor into the equity (and commodity) equation.
We also cover small caps and the monthly charts, along with SPY, QQQ, Transports (IYT) and Retail (XRT).
If the decades have taught me anything, it’s that the simpler you can make the definitions, the better the comprehension.
It is with that in mind that we show you how easy it will be in just a short time, to see where this market heads next.
In addition to the analysis, Joel and I talk about the floor days and how we figured out momentum with our senses!
Plus, we go over a couple of picks.
Thank you all for your continued readership and support.
I hope you have many profitable weeks. Happy Trading.
If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell 612-518-2482
For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.
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“I grew my money tree and so can you!”- Mish Schneider
Mish in the Media
Business First AM Mish covers the Bond rally and how the consumer could save the day 10-24-23
Benzinga PrepShow Mish covers how the market will show a bottom and one stock to trade up over 7% since the show 10-24-23
BNN Bloomberg Mish covers her stance on earnings, the macro and 3 very different stock picks 10-23-23
Your Daily Five Commodities 10-20-23
Crypto Town Hall X Space 10-20-23
FACE ForexAnalytix Pre market 10-12-23
Yahoo Finance 10-05-23
Real Vision 10-04-23
October 26 Cheddar TV on the NYSE
October 27 Live in Studio with Charles Payne Fox
October 27 Live in Studio Yahoo Finance
October 27 Recorded in Studio with IBD
October 29-31 The Money Show
Weekly: Business First AM, CMC Markets
November 1-13 VACATION
S&P 500 (SPY) 417-420 support
Russell 2000 (IWM) 170 now in the rearview mirror
Dow (DIA) 332 pivotal
Nasdaq (QQQ) 351 recent low and support
Regional banks (KRE) 35 next support
Semiconductors (SMH) 140 support
Transportation (IYT) 225 pivotal
Biotechnology (IBB) 120 pivotal
Retail (XRT) 57 key support still