Top Advisors Corner

We are in the Business to Make Money

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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

Mish Schneider
About the author: serves as Director of Trading Education at MarketGauge.com. For nearly 20 years, MarketGauge.com has provided financial information and education to thousands of individuals, as well as to large financial institutions and publications such as Barron’s, Fidelity, ILX Systems, Thomson Reuters and Bank of America. In 2017, MarketWatch, owned by Dow Jones, named Mish one of the top 50 financial people to follow on Twitter. In 2018, Mish was the winner of the Top Stock Pick of the year for RealVision. Learn More
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