Financial market overview
Podcast on Macro to Micro in Markets
2023.05.29 06:19
This past week, we have written a lot about tech (another AI generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed.
For this weekend, we want to invite you to have a listen to the live coaching session.
In this recording I cover:
1. Indices
2. Economic Modern Family
3. Metals and Commodities-Reading Futures Charts
4. Interest Rates
5. The Dollar
6. Risk on/off Big View
7. AI and tech-quants and the beauty of math
8. The impact of Nvidia-some obvious-some under the hood
9. Specific stock picks with parameters
ETF Summary
- S&P 500 (SPY) 23-month MA 420 Support 410 held
- (IWM) 170 support – 180 resistance
- Dow (DIA) Right down to its 200-DMAand a confirmed caution phase
- Nasdaq (QQQ) Worst case-a potential reversal top on weekly chart-best case-gets thru the weekly highs
- Regional banks (KRE) Did the initial damage now sidelining
- Semiconductors (SMH) No doubt-she is showing expansion
- Transportation (IYT) Like to see this hold 220 this week
- Biotechnology (IBB) 121-135 range
- Retail (XRT) 56.00 the 80-month MA while momentum is at least flatlining
