First off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts.
Then, we are off to Orlando for the MoneyShow.
On November 1st, Keith and I go on vacation until the middle of the month.
This is the last Daily I will be writing for a while.
However, I will have several clips in the next few days to share, and Geoff Bysshe will occasionally write the Daily in my absence.
That said, today, I began the day with the Benzinga Market Prep Show.
I am featuring this today as content because I hope it helps you look at the market objectively.
We did not discuss inflation, which, as you are aware, I believe can go hyper as geopolitical stress, social unrest, strikes for higher wages, and mother nature could each, or worse, all, kick into gear.
We discussed bonds, small caps, commercial real estate, retail, and a couple of stocks.
In that discussion, and on the heels of Bill Ackman’s statements along with our technical indicators, we spell out the exact relationships to watch.
Monday’s Daily explained how much long bonds factor into the equity (and commodity) equation.
We also cover small caps and the monthly charts, along with SPY, QQQ, Transports (IYT), and Retail (XRT).
If the decades have taught me anything, it’s that the simpler you can make the definitions, the better the comprehension.
It is with that in mind that we show you how easy it will be in just a short time to see where this market heads next.
Benzina Pre-Market Prep
In addition to the analysis, Joel and I talk about the floor days and how we figured out momentum with our senses!
Plus, we go over a couple of picks.
Thank you all for your continued readership and support.
I hope you have many profitable weeks.
Happy Trading.
This is for educational purposes only. Trading comes with risk.
If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell: 612-518-2482.
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
Mish covers the bond rally and how the consumer could save the day in this video.
Hear Mish’s thoughts on earnings, the macro environment, and her three stock picks on Bloomberg BNN.
Ever thought of owning commodities? Hear what Mish says about the key commodities you should consider in this video.
Mish participates in Crypto Town Hall X Space. You can sign in to your X account and watch it here.
In this video, Mish talks about trading Garmin Ltd. (GRMN) on Business First AM.
Mish and Dale Pinkert discuss the disconnect between news and markets-and how to best invest right now in this video from ForexAnalytix’s pre-market show.
In this video from CMC Markets, Mish shares her short-term forecast for USD/JPY and popular commodity instruments ahead of the US PPI announcement and September’s Fed meeting minutes, with recent dovish comments from Fed officials suggesting a potential shift in the committee’s policies.
Mish joins Business First AM to discuss the market reaction to the war in Gaza in this video.
Mish covers bonds, small caps, transports and commodities-dues for the next moves in this video from Yahoo! Finance.
In this video from Real Vision, Mish joins Maggie Lake to share what her framework suggests about junk bonds and investment-grade bonds, what she’s watching in commodity markets, and how to structure a portfolio to navigate both bull and bear markets.
Coming Up:
October 26: Cheddar TV on the NYSE
October 27: Live in-studio with Charles Payne, Fox Business
October 27: Live in-studio with Yahoo Finance!
October 27: Recorded in-studio with Investor’s Business Daily
October 29-31: The Money Show
Weekly: Business First AM, CMC Markets
November 1–13 VACATION
ETF Summary
- S&P 500 (SPY): 417–420 support
- Russell 2000 (IWM): 170 now in the rearview mirror
- Dow (DIA): 332 pivotal
- Nasdaq (QQQ): 351 recent low and support
- Regional Banks (KRE): 35 next support
- Semiconductors (SMH): 140 support.
- Transportation (IYT): 225 pivotal
- Biotechnology (IBB): 120 pivotal
- Retail (XRT): 57 key support still
Mish Schneider
MarketGauge.com
Director of Trading Research and Education