Mish’s Daily: Mish’s Outlook 2024 is Here – Macro to Micro
Mish’s Daily: Mish’s Outlook 2024 is Here – Macro to Micro
Written by Michele ‘Mish’ Schneider
Coming into 2023 we used the theme,
“You can’t hunt with the hounds and run with the rabbit.”
Those who stood back with the hounds in search of a sure hit, were not only left behind, but missed the move higher as the rabbit got the best of them.
This coming year, as we transition into 2024 and into the Year of the Dragon, a new theme emerges.
“If you can’t take the heat, don’t tickle the dragon.”
What could that mean?
The market could be hot, but lots of circumstances can erupt to tickle the dragon and not necessarily in an amusing way.
After all, we know that dragons love to expel fire.
How should you prepare for the coming year?
Naturally, as traders, we do not marry any thesis. We watch price.
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Mish in the Media
Business First AM Stock pick-Vaxcyte PCVX 11-29-23
Business First AM All about the bullish case for gold 11-29-23
Schwab Network with Nicole Petallides Mish talks about money supply, debt, the consumer, inflation and trends that could gain traction 2024 11-29-23
Your Daily Five StockchartsTV Good Ole Stock Picking-6 with actionable levels 11-28-23
Business First AM–Mish covers Palo Alto and how the quants picked up this winner 11-27-23
Real Vision Daily Briefing Mish and Maggie cover Inflation, Tech, Commodities and Picks 11-20-23
Coming Up:
December 21 Mario Nawfal Spaces
December 22 Yahoo Finance
December 28 Singapore Breakfast Radio
January 2nd Final Bar Stockcharts Dave Keller
January 5th Daily Briefing Real Vision
Weekly: Business First AM, CMC Markets
ETF Summary
S&P 500 (SPY) 480 all-time highs 465 underlying support
Russell 2000 (IWM) 200 pivotal and 194 support
Dow (DIA) Needs to hold 370
Nasdaq (QQQ) 410 resistance with support at 395
Regional banks (KRE) 47 support 55 resistance
Semiconductors (SMH) 174 pivotal support to hold this month
Transportation (IYT) Needs to hold 250
Biotechnology (IBB) 130 pivotal support
Retail (XRT) Huge gap up last 2 days of the week that now needs to hold.
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