Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Mish’s Daily: Don’t Get Caught In The Market’s Confusion

by August 4, 2022
August 4, 2022
Mish’s Daily: Don’t Get Caught In The Market’s Confusion

For the moment, the stock market continues to defy the notion that inflation or slower economic growth is hurting US businesses. Corporate earnings have slightly underperformed, but the stock market has continued on a trajectory upwards since the middle of July.

Technology (XLK) was today’s best performing sector, logging 2.66% daily gains, and is one of the best sectors driving this market. With technology leading the way, it is no surprise that the NASDAQ is leading the way for all three indices.

The NASDAQ 100 is the only index decidedly through resistance, yet still faces more overhead resistance and needs to continue trending higher in the coming days to keep the uptrend intact.

Click here to read more about attractive ETF sectors and actionable trading levels.

All major U.S indices advanced, as the first week of August trading is well underway. However, investors question if the current uptrend can continue after a spectacular month of returns in July.

U.S. Indexes have managed to keep the rally that began earlier this summer going in August, with more higher highs and higher lows. As I wrote yesterday, investing in an inflationary environment can be challenging. The markets have been volatile, but stocks have trended steadily higher, with corporate earnings performing well.

As my subscribers know, I am investing and holding precious metals, but I also have a few positions in growing companies, especially in disruptive technology like the ETF ARKK.

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 explains what to expect following huge post-earnings moves, plus goes over the Fed, inflation and some picks, on Making Money with Charles Payne.

In this appearance on Business First AM’s Trader Talks, Mish explains why Clover Health (CLOV) can rally.

Read Mish’s latest article for CMC Markets, titled “A Trendsetting Week in the Markets (Part 2 of 2)“.

In this appearance on Bloomberg TV, Mish goes through the quagmire of yields–too soft or too high–during stagflation, plus investments to watch.

In this appearance on Business First AM, Mish explains why certain intermarket relationships matter right now.

Mish talks big tech earnings and how long we can expect growth to outperform on Cheddar TV.

ETF Summary

S&P 500 (SPY): 416.75 now closest resistance point with first level of support of 411.07.Russell 2000 (IWM): 190.72 the first resistance point with close support at 188.20.Dow (DIA): 329.82 resistance and support at 325.82.Nasdaq (QQQ): 325.75 1st level of resistance and support at 318.01.KRE (Regional Banks): 64.21 key resistance, support level at 63.17.SMH (Semiconductors): 245.45 now pivotal support 237.50.IYT (Transportation): 237.00 key resistance and support at 234.12.IBB (Biotechnology): 128.85 resistance point and 125.66 is support.XRT (Retail): 67 first resistance point and now support is 65.2.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

0
FacebookTwitterGoogle +Pinterest
previous post
Viktar Prakapenya Evaluates the Impact of Technology on Investment Democracy
next post
How to Trade Gaps

You may also like

Can Gold and Silver Hold Recent Gains?

August 1, 2022

Top Ten Charts to Watch in November 2023

November 3, 2023

NOW Is The Time To Add This Industry...

November 15, 2022

MEM TV: Earnings Season Pumps Markets

April 14, 2023

Black Friday Data Is Trickling In – Here...

November 28, 2022

Tech and Semis Leading from the Dip

January 20, 2024

GNG TV: XOP’s Strength vs. the S&P’s Weakness

September 7, 2023

Earnings Analysis: GOOGL, AMZN, AAPL

February 3, 2023

Silver: An Undervalued Monetary-Industrial Hybrid

March 15, 2023

Investing in the Age of Tariffs: Safeguard Your...

January 28, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • When the President Bit: From the Shark House to the White House

      June 6, 2025
    • Big Rally Ahead Should Yield All-Time High on This Index

      June 6, 2025
    • Claim Trump nixed top Musk ally from NASA post over Dem donations belied by ex-Dems on team

      June 6, 2025
    • House Budget chairman explains why there’s no ‘pork’ in Trump tax bill after Elon Musk attacks

      June 6, 2025
    • Silver’s Surge is No Fluke—Here’s the Strange Ratio Driving It

      June 6, 2025
    • Friday Feature: Incubate Debate

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,014)
    • Politics (15,547)
    • Stocks (3,132)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved