Gaining an Edge in a Tough Trading Year

April 20, 2023

Mish's Daily

By Mish Schneider

Thursday morning April 20th, I began the day with the crew at the Benzinga PreMarket Prep show.

We (Joel and Mitch) covered a lot.

The focus remains this persistent, rangebound market.

I use many different moving averages consistently through the years. This year, the monthly moving average is designed for this market environment.

In fact, next week as we head to the Money Show in Las Vegas, I will be teaching attendees how this moving average has already made us a lot of money this year.

This moving average has been quite extraordinary.

Furthermore, we cover why we are still concerned about inflation versus recession, or more aptly put, stagflation.

Our conversation, along with the charts you’ll see, should help you gain an edge in your trading.

Benzinga Pre Market Prep

For more detailed trading information about our blended models, tools, and
trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

You don’t want to miss Mish's 2023 Market Outlook E-available now

NOT TOO LATE Click here if you'd like a complimentary copy of Mish's 2023 Market Outlook E-Book in your inbox.

Mish in the Media -
 All clips here

Benzinga PreMarket Prep 04-20-23

Cheddar TV Closing Bell 04-19-23

The Money Show-Intro to Talk 04-19-23

CMC Market Tesla, Gold, Oil, Gas, China 04-19-23

Business First AM on Tax Season 04-18-23

Final Bar Stockcharts Dave Keller 04-13-23

Twitter Spaces Wolf_Financial Former Pit Traders 04-13-23

CMC Markets 04-12-23

Yahoo Finance 04-12-23

Special Webinar on What Traders Can Expect in 2023 with Bob Lang and Mish 04-11-23

Rosanna RoPodcast 04-07-23

Making Money with Charles Payne 04-06-23

Coming Up:

April 24-26 Mish at The Money Show in Las Vegas-2 presentations and a book giveaway

April 28 Live Coaching Complete Trader

April 28 TD Ameritrade with Nicole Petallides

May 2-5 StockChartsTV Market Outlook

ETF Summary

S&P 500 (SPY) Tight range to watch this week 410-415 on a closing basis

Russell 2000 (IWM) 170 support- 180 resistance

Dow (DIA) Over the 23-month MA 336-support to hold

Nasdaq (QQQ) 312 support over 320 better

Regional banks (KRE) 44 now pivotal resistance

Semiconductors (SMH) 258 resistance with support at 248

Transportation (IYT) Still under the 23-month MA with 232 resistance 224 support

Biotechnology (IBB) 130 major pivotal area-135 resistance

Retail (XRT) 58- 64 trading range to break one way or another

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