Trading Secrets 20-04-2023 23:10 41 Views

Gaining an Edge in a Tough Trading Year

On Thursday morning, April 20th, I began the day with the crew at the Benzinga PreMarket Prep show. We (Joel and Mitch) covered a lot, but the focus remains this persistent, rangebound market.

I've used many different moving averages consistently through the years. This year, the monthly moving average is designed for this market environment. In fact, next week as we head to the Money Show in Las Vegas, I will be teaching attendees how this moving average has already made us a lot of money this year.

This moving average has been quite extraordinary. Furthermore, we cover why we are still concerned about inflation versus recession, or more aptly put, stagflation. Our conversation, along with the charts you'll see, should help you gain an edge in your trading.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

IT'S NOT TOO LATE! Click here if you'd like a complimentary copy of Mish's 2023 Market Outlook E-Book in your inbox.

"I grew my money tree and so can you!" - Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish and Benzinga discuss the current trading ranges and what might break them.

Mish discusses what she'll be talking about at The Money Show, from April 24-26!

Mish walks you through technical analysis of TSLA and market conditions and presents an action plan on CMC Markets.

Mish presents two stocks to look at in this appearance on Business First AM -- one bullish, one bearish.

Mish joins David Keller on the Thursday, May 13 edition of StockCharts TV's The Final Bar, where she shares her charts of high yield bonds, semiconductors, gold, and regional banks.

Mish joins Wolf Financial for this Twitter Spaces event, where she and others discuss their experiences as former pit traders.

Mish shares her views on natural gas, crude oil and a selection of ETFs in this appearance on CMC Markets.

Mish talks what's next for the economy on Yahoo! Finance.

Mish joins Bob Lang of Explosive Options for a special webinar on what traders can expect in 2023!

Rosanna Prestia of The RO Show chats with Mish about commodities, macro and markets.

Mish and Charles Payne rip through lots of stock picks in this appearance on Fox Business' Making Money with Charles Payne.

Coming Up:

April 24-26th: Mish at The Money Show in Las Vegas -- two presentations and a book giveaway

April 28th: Live Coaching Complete Trader and TD Ameritrade with Nicole Petallides

May 2nd-5th: StockCharts TV Market Outlook

ETF Summary

S&P 500 (SPY): Tight range to watch this week 410--415 on a closing basis. Russell 2000 (IWM): 170 support--180 resistance. Dow (DIA): Over the 23-month MA 336--support to hold. Nasdaq (QQQ): 312 support, over 320 better. Regional Banks (KRE): 44 now pivotal resistance. Semiconductors (SMH): 258 resistance with support at 248. Transportation (IYT): Still under the 23-month MA with 232 resistance, 224 support. Biotechnology (IBB): 130 major pivotal area-135 resistance. Retail (XRT): 58-64 trading range to break one way or another.


Mish Schneider

MarketGauge.com

Director of Trading Research and Education

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