We are in the Business to Make Money

Since I did a comprehensive interview with Dale Pinkert of Forex Analytics early today, I thought you might enjoy a listen.

Here are some highlights from our time together:

1. We have a trifecta of junk-the virus, the oil market and central banks' insane injection of stimulus
2. Main Street versus Wall Street-Main Street comes home to roost
3. Lose the judgement; we are in the business of making money
4. We could bounce as selling starts to exhaust
5. Reasons for support in the S&P 500
6. Why the 80-month moving average is fabulous
7. Important levels that could lead to an extended bounce

And 9 more:

1. Why the small caps have a very different picture
2. The market has inherent problems besides the coronavirus
3. Buy for a technical rally, go ahead - but don't get married to a bullish stance.
4. A look inside the Economic Modern Family
5. A look at Treasuries, the Dollar, gold and miners
6. A look at agricultural commodities and what would spark potential stagflation
7. Why 2008 is different than today
8. Keith and I are more like the Titanic than Rob and Laura Petrie
9. A look at high-grade investment bonds

Watch it below or at this link: https://www.forexanalytix.com/webinars?v=Pl99hGKLviw&feature=youtu.be

As a bonus, on March 13th, I sat down with Shannah Game of Millennial Money to talk about preparing for a major selloff in your retirement accounts. Listen here.

• S&P 500 (SPY): After an inverted hammer doji day, today we had an inside day. Over 257; would expect more upside
• Russell 2000 (IWM): 110 is a key number. Notable is that it did not have an accumulation in volume
• Dow (DIA): 211.83 pivotal number and over 219 could see 237
• Nasdaq (QQQ): Inside day. Needs to clear 184.68 to keep running
• KRE (Regional Banks): A low volume reversal, so possible to see a move to 39 IF holds 32.25
• SMH (Semiconductors): New low in this move early on, so a close over 112.44 could mean a move up near 121
• IYT (Transportation): Scant volume, but over 140 could see some pop
• IBB (Biotechnology): 100.51 the 80-month MA with 95 key support
• XRT (Retail): Maybe a move over 30.50 can get this going to 38?
• Volatility Index (VXX): Fear persists
• Junk Bonds (JNK): 94.31 super pivotal
• LQD (iShs iBoxx High yield Bonds): 120 resistance and an inside day

Mish Schneider

MarketGauge.com

Director of Trading Research and Education