December 31, 2020
By Mish Schneider
2020 is about to finally become ‘history’, but as we know, the markets listen to history, so the best and worst of 2020 will not soon be forgotten (nor should it).
With this in mind, today’s Mish’s Daily is a special report to conclude 2020, and look forward into 2021.
I’ve prepared it as PDF so that you can save it, print it, and refer to it as the Year of the Metal Ox unfolds.
For those of you who have followed me for years, you’ll find the expected…
My review of Feng Shui master Raymond Lo’s predictions for the upcoming Chinese New Year and how they should playout for the economy and market.
And of course, it’s also packed with charts and 57 specific stocks and ETF references to illuminate what will be by my ‘focus list’ of stocks, ETFs, markets and megatrends that we have profited from (or should avoid) in 2021.
I look forward to trading the trends and ideas in this report with you in 2021.
Best wishes for your 2021.
S&P 500 (SPY) New all time highs.
Russell 2000 (IWM) Could not clear the 10-DMA at 196.80 support 191.48
Dow (DIA) New all time highs.
Nasdaq (QQQ) Held the 10-DMA at 310.99
KRE (Regional Banks) Support 49.68 with 52.63 resistance to clear.
SMH (Semiconductors) 210.41 support. 219.40 next level to clear. Held the 10-DMA at 215.59.
IYT (Transportation) 215.24 main support the 50-DMA. Needs to get back over 221.00.
IBB (Biotechnology) Broke 151.00 support but closed over.
XRT (Retail) 63.81 support.
Every day you'll be prepared to trade with: