October 14, 2024
Mish's Daily
By Mish Schneider
From a consumer instinct perspective, I still here about couples hooking up for a permanent union through Match.com.
Match has been under pressure since its peak in 2021.
Activist investors have been pushing for changes post-pandemic.
According to Zachs, “On the business front, the firm is currently seeing mixed response from paying Tinder users, but its Hinge app posted 48% annual revenue growth to $134 million in the second quarter.”
The reason is making the cut for my technical Monday Daily, is because
The weekly chart shows a substantial base forming starting at the midpoint of 2023.
Plus, the price has now cleared the 50-week moving average and is consolidating between $34 and $39.
Looking at the Daily chart:
MTCH is in a bullish phase.
MTCH slightly underperforms SPY.
Real Motion is bullish, but the dots have not cleared the Bollinger Band since August.
I would like to see a close above 38.50.
This is a stock that can handle about a $2 risk as it has to follow through almost immediately in the current environment, or a quick exit is appropriate.
Educational purposes only, not official trading advice.
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Mish in the Media-Want to see more? All clips here
Schwab Network Mish and Nicole discuss the consumer and precious metals as key. 10-14-24
Fox Business Charles Payne The Consumer Fights Back Risks in the Market 10-11-24
CNBC Dubai Mish discusses China and the recent stimulus 10-10-24
Business First AM The Vanity Trade brings us back to dating 10-11-24
Dave Keller Market Misbehavior They discuss her Economic Modern Family and which areas she's most focused on for Q4, the Trifecta of silver, the US Dollar, and sugar and more 10-10-24
Business First AM Why Mish is watching Chewy.com 10-07-24
Podcast with Geoff Identifying Reliable Bases with Big Potential 10-08-24
Phoenix TV China What Do China Investors Want to know? 10-07-24
Phoenix TV China Will the China Rally Continue? Mish covers the recent run and what to expect next 10-07-24
Business First AM Mish covers the consumer and what’s on sale right now. 10-04-24
Coming Up:
October 14, 21, 28 Podcast with Geoff Bysshe
October 16 Real Vision
October 18 Maggie Lake
October 24 Live Coaching
October 29-November 4 Vacation
December 5-7, 2024 Money Show Master Class
Weekly: Business First AM, stockpick.app
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 572 support 595 resistance-5800 first time!
Russell 2000 (IWM) Range 215-225
Dow (DIA) New all-time highs again
Nasdaq (QQQ) 485 pivotal support 500 resistance
Regional banks (KRE) 58 is the 200-week MA to hold
Semiconductors (SMH) 248 support 265
Transportation (IYT) New 52-week highs-hard to get bearish
Biotechnology (IBB) 142 support zone 146.50 resistance
Retail (XRT) 75 pivotal support 78 resistance-we must see her in the game
iShares iBoxx Hi Yd Cor Bond ETF (HYG) Back trading at 79.50-watching this coming week to see if market frothy
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