In the past week we’ve written a lot about technology (another AI-generated photo), the gap between small caps and large caps, interest rates, the debt ceiling and the Fed.
For this weekend, we’d like to invite you to listen to the live coaching Mish conducts exclusively for our MarketGauge members.
CLICK HERE to listen to the podcast.
In this recording, Mish covers:
stock market Analysis and Summary of ETF Trading:
S&P 500 (SPY) 23 months MA 420 Support 410 held
Russell 2000 (IWM) 170 support – 180 resistance
Dow (DIA) Up to the 200-DMA and a confirmed caution period
Nasdaq (QQQ) Worst case – a potential reversal high on the weekly chart – best case price hits weekly highs
Regional Banks (KRE) Dealt the initial damage that is now sidelined
Semiconductor (SMH) No doubt – it shows expansion
Transport (IYT) I’d like to see that reading come in at 220 this week
Biotechnology (IBB) Range 121-135
Retail (XRT) 56.00 of the 80-month MA while momentum is at least flat
Twitter: @marketminute
The author may hold a position in the securities mentioned at the time of publication. All opinions expressed herein are solely those of the author and do not represent the views or opinions of any other person or organization.
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