With words like “Schneider’s dedication to educating others about stocks is unparalleled,” Traders World Fintech Awards honors me in the most amazing way possible.
I have always been a teacher, whether in Special Education, or on the floor of the NY Commodities Exchanges as a chartist to my fellow traders, or in the last two decades, with MarketGauge and our clients.
Financial literacy might be one of the most underrepresented curricula in the US, if not the world!
My Economic Modern Family was created to fill the gap between basically no financial literacy taught in schools and beyond, to how folks can learn about stocks and the markets in a fun, tangible, and incredibly accurate way.
In yesterday’s Daily, we covered the Family and how there is no better time to look at the charts on a weekly timeframe.
Today, the Family shifted.
Small Caps (IWM) and Retail (XRT), a.k.a. Gramps and Granny, woke up while Sister Semiconductors (SMH) fell.
Transportation (IYT) tested the top end of the range we discussed, which is between 220–235.
For XRT, we can say the range to watch is 57–65.
Small Caps or IWM needs to hold 170 and clear overhead resistance at 180.
Biotech (IBB) has been stuck in time for the last four weeks. The best range to watch would be 120–125.
Prodigal Son Regional Banks (KRE), except for a couple of rallies and sell-offs, sits between 40–45.
Bitcoin, a new member of the Family, was featured over the weekend in our Daily. As it holds 28,000, we anticipate it can climb to $31,500.
And let’s not forget commodities.
In my recent interview with Kitco, I warned, “Higher bond yields could already be taking their toll on the US economy, and weak economic growth and stubborn inflation continue to create a stagflationary environment, which would be bullish for gold.”
In another recent Daily, we discussed DBA, the Agricultural ETF, and DBC, the commodity index ETF.
“Over 21.80, we would begin to think more bullish in agriculturals. DBC on the right, more oil and precious metals focused, also underperforms the SPY. That is surprising and supports a risk-on environment. Through 24.75 that picture changes.”
Traders’ World also wrote, “Her ability to connect with her students on a personal level, provide ongoing support, and foster a sense of community among her followers is remarkable.”
And for that, I THANK YOU, my loyal readers! Because of you and your support, I won this incredible award!
This is for educational purposes only. Trading comes with risk.
If you find it difficult to execute the MarketGauge strategies or want 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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“I grew my money tree and so can you!” – Mish Schneider
Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.
Mish in the Media
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 discusses what’s needed for a market bottom on the Financial Sense Newshour podcast with Jim Puplava.
Mish takes over as guest host for David Keller, CMT on the Monday, October 9 edition of StockCharts TV’s The Final Bar, where she shares her thoughts in the daily Market Recap during a day of uncertain news.
To quote Al Mendez, “The smartest woman in Business Analysis @marketminute [Mish] impresses Charles with her “deep dive” to interpret the present Market direction.” See Mish’s appearance on Fox Business’ Making Money with Charles Payne here!
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.
Mish was interviewed by Kitco News for the article “This Could Be the Last Gasp of the Bond Market Selloff, Which Will be Bullish for Gold Prices”, available to read here.
Mish presents a warning in this appearance on BNN Bloomberg’s Opening Bell — before loading up seasonality trades or growth stocks, watch the “inside” sectors of the US economy.
Watch Mish and Nicole Petallides discuss how pros and cons working in tandem, plus why commodities are still a thing, in this video from Schwab.
Coming Up:
October 18: Crypto Town Hall X Spaces
October 19: Live Coaching
October 20: StockCharts TV’s Your Daily Five
October 23: BNN Bloomberg
October 27: Live in-studio with Charles Payne, Fox Business
October 29-31: The Money Show
Weekly: Business First AM, CMC Markets
ETF Summary
S&P 500 (SPY): 440 resistance, 429 support.
Russell 2000 (IWM): 177 resistance, 170 KEY support.
Dow (DIA): 344 resistance, 332 support.
Nasdaq (QQQ): 368 pivotal.
Regional Banks (KRE): 39.80 -42.00 range.
Semiconductors (SMH): 150 pivotal.
Transportation (IYT): 237 resistance, 225 support.
Biotechnology (IBB): 120-125 range.
Retail (XRT): 57 key support if can climb over 61, better.
Mish Schneider
MarketGauge.com
Director of Trading Research and Education