Mish’s Daily: Macro to Micro – Seasonals, Trends and Momentum
Mish’s Daily: Macro to Micro – Seasonals, Trends and Momentum
Written by Michele ‘Mish’ Schneider
For the weekend, we invite you to listen to Mish’s live coaching session for the Complete Trader members only.
During the 45-minute session, you will hear and see:
- 1. The Indices along with Calendar Ranges and Momentum Indicators
- 2. The Economic Modern Family in 2 timeframes
- 3. The Outliers and where they sit-bonds, gold, oil, dollar
- 4. Other sectors of interest
- 5. Specific stock picks current and new-with actionable information
In general, besides the obvious FED rates and inflation, there is the retail or consumer sector..still well underperforming even with the strong demand for services.
Granny Retail or the ETF XRT for example is nowhere near 52-week highs while NASDAQ and SPY cleared them along with tech.
Should consumers fatigue buying with higher rates and higher energy costs, then the talk might go back to recession-which in turn-might give the banks reason to pause-which of course, could further fuel inflation and create a market correction.
For now, we have eyes on consumer staples and biotech as undervalued.
Have a listen.
The link to the coaching session here
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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Mish in the Media
Your Daily Five StockchartsTV 07-26-23
CMC Markets Gold Oil SPX META 07-26-23
Money FM 89.3 Singapore 07-26-23
Business First AM PCE Inflation Picks 07-25-23
CMC Markets Daytrade Gold, Oil and more 07-24-23
Options Insight with Imran Lakha 07-13-23
TD Ameritrade Nicole Petallides 07-13-23
Real Vision Proper Link-full episode 07-12-23
CMC Markets Daytrading Futures Before and After CPI 07-12-23
Business First AM Market Ease 07-10-23
Business First AM Don’t Fight the Fed 07-11-23
Making Money with Charles Payne 07-10-23
Yahoo Finance 07-06-23
Coming Up:
October 29-31 The Money Show Schneider, Michele (moneyshow.com)
ETF Summary
S&P 500 (SPY) 452 July calendar range hi now support
Russell 2000 (IWM) 193 is the 23-month holy grail
Dow (DIA) 35,000 support
Nasdaq (QQQ) 6-month calendar range high now a good spot to watch
Regional banks (KRE) Consolidating over its July calendar highs-positive
Semiconductors (SMH) Holds here ok-needs to clear 161 and under 147 trouble
Transportation (IYT) Cannot be bearish while this sits at new 52-week highs
Biotechnology (IBB) 128 support now to hold like to see it clear 130
Retail (XRT) Rally to the July 6-month calendar range high-now the fun begins
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