November 14, 2013
Mish's Daily
By Mish Schneider
Thank U-Alanis Morissette Re-Worked-Sing ALONG
https://www.youtube.com/watch?v=i-jSWME37As
Thank you Stimulus
Thank you Janet Y.
Thank you, Federal Reserve
Thank you QE4
Thank you GDP
Thank you, thank you market!
Russell 2000 (IWM) The high from October 29th is 111.62. Needless to say that is a place to see clear
Dow (DIA) Cleared the channel handily.
Nasdaq (QQQ) Another new high with 82.70 now major support. Don’t forget that this had a runaway gap on October 18th and hasn’t even gone parabolic from that level yet!
XLF (Financials) 21.04 high matched with close just there
SMH (Semiconductors) Inside day which could be a gift!
XRT (Retail) Whoa! Again.
IYT (Transportation) New highs
IBB (Biotechnology) Confirmed return to a bullish phase if the 50 DMA holds
IYR (Real Estate) 63.88 place to hold and the 50 DMA would be the place to clear
XHB (Homebuilders) 31.40 good place to clear next
GLD Even when it gaps higher, it’s still boring
OIH (Oil Services) ok-new highs
XLE (Energy) 87.62 recent highs
XOP (Oil and Gas Exploration) Over Thursday’s high, takes out a trendline from the old high
TBT (Ultrashort Lehman 20+ Year Treasuries) TLTs gapped above 104.11, therefore if holds gap, could be a good bottoming formation-especially if it clears the 50 DMA
UUP (Dollar Bull) Interesting inside day in its recovery phase
EEM (Emerging Markets) After a slingshot low, cleared the 200 DMA and has to confirm the phase change
FCG (First Trust ISE Reserve Natural Gas) Confirmed phase change to bullish. Subscribers: As long as today’ low holds, looks poised
EWG (Germany) Nice follow through-looks really good longer term
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