September 18, 2022
By Mish Schneider
Written by Mish Schneider
The market took another turn for the worse this past week, with four weeks in a row in the red and the DOW futures dropping, testing significant support from the summer.
With the upcoming Fed meeting and higher rates coming to control inflation, we are watching a few themes.
Here are Five Themes to Trade Next Week:
The long bonds, or TLTs, are potentially bottoming, and investors tend to buy TLTs to avoid losses in their portfolio. If so, what does this mean for the US dollar? Duration? Growth?
This means that although silver and gold prices may be volatile, they are to retain more value for your dollar. Could commodities be waking up and precious metals leading the way?
The value of money is eroding almost daily, so essential to invest in inflation hedges, specifically in areas of food, and there are several ways to trade, protect, and profit from inflation.
There are a lot of factors weighing on the market and these five themes are important to watch and more importantly to trade them as the Fed meets next week.
As always, watch the price charts.
To learn more about how we invest profitably during these times, please reach out to Rob Quinn, our Chief Strategy Consultant, by clicking here.
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Bloomberg BNN 09-16-22
S&P 500 (SPY) Confirmed bear phase 382 support with resistance at 396
Russell 2000 (IWM) Support at 176 and resistance 180
Dow (DIA) Confirmed bear phase 305 support and 309 resistance
Nasdaq (QQQ) support at 285 and resistance at 292
KRE (Regional Banks) Support at 62 resistance at 63.25
SMH (Semiconductors) Confirmed bear phase and support at 200 and resistance at 206
IYT (Transportation) 214 support and 217 resistance
IBB (Biotechnology) Support at 121 and 124 is resistance
XRT (Retail) Support at 61 and 64 is resistance
Every day you'll be prepared to trade with: