June 17, 2024
Mish's Daily
By Mish Schneider
We may be in the summer doldrums but underneath the surface things are not so dull.
Especially because we’re experiencing a historic bifurcation in the market.
Over the weekend I featured the Economic Modern Family and how crucial price action this week is for:
Small Caps IWM
Retail XRT
Transportation IYT
Regional Banks KRE
And thus far, the market listened.
To begin the week, all the aforementioned rallied off of the key support.
But can they hold and fight through resistance?
Usually behind the paywall, today we invite you to watch the 10-minute interview to find out what charts and key levels I am watching-gratis!
Stockpick.app is a newer app that helps investors stay ahead with insights, tips, and actionable ideas from Wall Street pros, plus expert-curated financial news in short, engaging videos.
I am honored to be a weekly premium video content provider. Check out the site-lots of free stuff too.
Educational purposes only, not official trading advice.
For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.
-
Traders World Fintech Awards
-
Get your copy of
Plant Your Money Tree: A Guide to Growing Your Wealth
Grow Your Wealth Today and Plant Your Money Tree!
"I grew my money tree and so can you!"- Mish Schneider
-
Mish in the Media-Want to see more? All clips here
Stockpick.app A look at the premium content with specific levels to watch in one index and 3 key sectors 06-17-24
Mario Nawfal Spaces-Post FOMC-lots of content 06-12-24
Stockpick.app Mish does a deep dive into several commodities and how to trade each one with fundamentals and technical-in order to see more of these videos that Mish does weekly, please consider subscribing to the app 06-10-24
Coming Up:
June 17 BBC Singapore
June 19th Fox Business
June 20 Singapore Breakfast Bites Radio
June 21 Schwab
June 24 Benzinga Pre-Market Prep
June 24 CNA Asia
June 27 Live coaching
July 2 Yahoo Finance
July Date TBD Wealth 365
Weekly: Business First AM, stockpick.app
ETF Summary
S&P 500 (SPY) New highs to start the week
Russell 2000 (IWM) 197-202 tightest range to watch
Dow (DIA) Peeked its head back above the 50-DMA-has to confirm
Nasdaq (QQQ) All-time highs yet again, which is still hard to argue with
Regional banks (KRE) Watching the range 45-50 CAREFULLY
Semiconductors (SMH) ATHs
Transportation (IYT) Rallied back to the 200-DMA now has to clear and confirm
Biotechnology (IBB) 135 support 140 resistance
Retail (XRT) Rallied off the 50-DMA like her life depended on it-we need more
iShares iBoxx Hi Yd Cor Bond ETF (HYG) back over 77.00
Every day you'll be prepared to trade with:
