Comfort in the Stock Charts: Video Interview

October 12, 2023

Mish's Daily

By Mish Schneider

Some notes this week:

Growth stocks acting as a defense move again esp. given that the FED remains on the fence about interest rate.

Small caps and retail though, could still act as an anchor-for now, they both held a key area-6-7-year business cycle lows-which means-recession for now not definitive.

However, stagflation-very much a potential.

Oil prices that broke out over 80 have retested support. A trip back above 86-and could be a signal that the current war in Israel might escalate into oil regions like Iran.

Natural Gas is also rising.

Then add on to the macro:

Dollar and the US debt which keeps growing-a huge part of the US GDP

PPI CPI-hotter than expected.

The ratio between SPY and TLT or risk to off is a concern. (HYG to TLT even more so)

FED minutes-proceed with caution.

Overall, social unrest and anger fuels inflation as chaos is not what you want to see. And the situation appears to be becoming more and more volatile.

As picks go, our quant models are still in growth stocks like META TSLA NVDA with stops to protect profits.

Discretionary picks (light until further evidence of how "inside" sectors of the US economy do)

To hear and see firsthand all these points and more, please click on today’s interview with Dale Pinkert. Link below.

Interview with Dale Pinkert

“I was there for the live interview. Great stuff and what Dale & co are doing with FACE is brilliant. h/t Mich and h/t Coach” Jamie G.

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 ben@marketgaugepro.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.
-