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.
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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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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.
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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
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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
Every day you'll be prepared to trade with:
