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On this week’s edition of StockCharts TV‘s Halftime, Pete explains how his TLT call from 10/10 was spot-on! But that could all change based on the unemployment rate. Pete believes that rates will fall if the unemployment rate spikes higher, likely to the 4.25-4.5% level. Until then, it’s higher for rates.
Pete also explains that it’s important to mind the gap in the NDX. If the 200-day is broken, that is not important. It is the gap below that that counts. Ignore the headlines and mind the gap. The SPX will fill its gap as well, Pete believes, and both indexes would only be off 13-14% from their July highs if that were to occur. Pete then reviews the widely held names like AAPL, MSFT, NFLX, and more, plus looks at some breakdowns.
This video originally premiered on October 27, 2023. You can watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube.
You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.
