The Russell 2000, Retail and Transportation Tell a Story

August 31, 2022

Mish's Daily

By Mish Schneider

Written by Mish Schneider


Granny Retail breaks down the health of consumption

I'm going to introduce you to my favorite way to explain markets, price action, where the market might be headed, and cover a few technicals with you.

We will talk with three finance experts within our Modern Family to find out more. Please sit back and relax while I take you through it step by step.

Granny Retail will tell us how consumers are dealing with inflation and how many goods and services consumers are purchasing.

Grandpa Russell oversees small capitalization stocks. Grandpa is the strongest, he's still bullish, and holding his 50-day moving average.


Grampa Russell highlights the needs today of small companies

What smart investments can you make in today's economy?

Read this to find out now and meet another member of our Modern Family!

We use the Modern Family as a risk gauge and financial compass, as do many hedge fund managers, such as legendary fund manager, Stanley Druckenmiller.

The transportation sector has been one of the biggest drivers of the commerce in recent years.

With earnings growth slowing and valuations at above average levels, some investors are wondering which sector can continue to lead and if Trans, can continue growing, but the new lows look a little murky.


Trans measures how many goods are transported globally.

There are many important factors to consider when trying to predict where the market might be headed. And while there are a variety of ways to make investment decisions, my favorite way is through price action.

To watch the video click here.

It’s important to remember that no one knows for sure where the market will go. The best we can do is make an educated guess based on the price action we have available in front of us.

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To learn more about how to invest in profitable sectors of the Modern Family, reach out via chat, phone, email, or book a call with Rob Quinn, our Chief Strategy Consultant, by clicking here.

Mish in the Media

Look for Today’s Final Bar on Stockcharts with Dave Keller and me here 08-31-22

CMCMarket Mid-Week update Opto Mag London 08-31-22

Coindesk with Christine Lee 08-30-22

Coast to Coast with Neil Cavuto 08-30-22

Bloomberg TV with Caroline Hyde 08-29-22

ETF Summary

S&P 500 (SPY) Confirmed phase change to bearish-390 next support

Russell 2000 (IWM) Held the 50-DMA by a thread and if continues to do so could see some buying

Dow (DIA) Confirmed phase change to bearish-315 6-month calendar range high

Nasdaq (QQQ) Confirmed phase change to bearish-296.75 6-month calendar range high

KRE (Regional Banks) 62.00 the 50-DMA

SMH (Semiconductors) Confirmed bear phase h 215 pivotal

IYT (Transportation) 228 the 50 DMA.

IBB (Biotechnology) Confirmed bear phase. 125 resistance 117 next support

XRT (Retail) Unconfirmed bear phase and will confirm if cannot clear back over 64.50

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