This past week, we have written a lot about tech (another AI generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed.
For this weekend, we want to invite you to have a listen to the live coaching Mish does exclusively for our MarketGauge members.
CLICK HERE to listen to the podcast.
In this recording Mish covers:
Stock Market ETFs Trading Analysis & Summary:
S&P 500 (SPY) 23-month MA 420 Support 410 held
Russell 2000 (IWM) 170 support – 180 resistance
Dow (DIA) Right down to its 200-DMAand a confirmed caution phase
Nasdaq (QQQ) Worst case-a potential reversal top on weekly chart-best case-gets thru the weekly highs
Regional banks (KRE) Did the initial damage now sidelining
Semiconductors (SMH) No doubt-she is showing expansion
Transportation (IYT) Like to see this hold 220 this week
Biotechnology (IBB) 121-135 range
Retail (XRT) 56.00 the 80-month MA while momentum is at least flatlining
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not represent the views or opinions of any other person or entity.