Since I did a comprehensive interview with Dale Pinkert of Forex Analytics earlier today, I thought you might enjoy a listen.
Here are some highlights from our time together taking about the stock market, commodities, intermarket relationships, and our economic family of ETFs:
– We have a trifecta of junk-the virus, the oil market and central banks’ insane injection of stimulus
– Main Street versus Wall Street-Main Street comes home to roost
– Lose the judgement; we are in the business of making money
– We could bounce as selling starts to exhaust
– Reasons for support in the S&P 500
– Why the 80-month moving average is fabulous
– Important levels that could lead to an extended bounce
And 9 more:
– Why the small caps have a very different picture
– The market has inherent problems besides the coronavirus
– Buy for a technical rally, go ahead. But don’t get married to a bullish stance.
– A look inside the Economic Modern Family
– A look at Treasuries, the dollar, gold and miners
– A look at agricultural commodities and what would spark potential stagflation
– Why 2008 is different than today
– Keith and I are more like the Titanic than Rob and Laura Petrie
– A look at High Grade Investment Bonds
Here’s a Link to the interview: https://www.forexanalytix.com/webinars?v=Pl99hGKLviw&feature=youtu.be
And as a bonus, March 13th I sat down with Shannah Game of Millennial Money to talk about preparing for a major sell off in your retirement accounts.
My latest Podcast: Coronavirus and Your Money
S&P 500 (SPY) After an inverted hammer doji day, today we had an inside day. Over 257 would expect more upside
Russell 2000 (IWM) 110 is a key number. Notable is that it did not have an accumulation in volume
Dow Jones Industrials (DIA) 211.83 pivotal number and over 219 could see 237
Nasdaq (QQQ) Inside day. Needs to clear 184.68 to keep running
KRE (Regional Banks) A low volume reversal so possible to see a move to 39 IF holds 32.25
SMH (Semiconductors) New low in this move early on-so a close over 112.44 could mean a move up near 121
IYT (Transportation) Scant volume but over 140 could see some pop
IBB (Biotechnology) 100.51 the 80-month MA with 95 key support
XRT (Retail) Maybe a move over 30.50 can get this going to 38?
Volatility Index (VXX) Fear persists
Junk Bonds (JNK) 94.31 super pivotal
LQD (iShs iBoxx High yield Bonds) 120 resistance and an inside day
Twitter: @marketminute
The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
