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

Future Retirement Success

Stocks

Mish’s Daily: Taking the Temperature of the Economic Modern Family

by October 12, 2022
October 12, 2022
Mish’s Daily: Taking the Temperature of the Economic Modern Family

One of the most important first steps towards trading success is to tilt your trading towards trending sectors that display strength and avoid market weakness. A very helpful tool for understanding the underlying forces driving trends is Mish’s Modern Economic Family, a simplified economic market model. The Family comprises one broad market index and six sector-specific ETFs, each representing a different part of the economy.

What are the current developments in the Modern Family telling us, and what does this mean for investors?

The first takeaway is that the Modern Family has paused near critical support ahead of CPI tomorrow. Read on to find out which Modern Family member is potentially breaking out, and please see Mish’s latest article from CMC Markets, where she covers falling euphoria as a signal that investors should view as a potential risk.

The Modern Family offers information on consumer spending patterns, housing, transportation and biotechnology, and tracks investment activity in specific industries. Every member is under its 200-week moving average except KRE, and it too has also not tested its recent lows. We should see more upside in the regional banking sector as rates rise.

Grandpa Russell (IWM) is beneath its 200-week moving average and currently testing recent lows from June.

XRT is also under the 200-WMA, but making lower highs. 55 is ample support, and over 60 could see a nice consumption pop should TLTs and high-yield bonds recover. Alternatively, if XRT falls below 60, we may see more economic weakness.

IYT is under the 200-WMA and holding recent lows. Its long-term 6 to the 7-year business cycle is still in an uptrend. Are we testing the low of a bullish business cycle or getting ready for a deeper recession? Watch 195 closely as resistance for guidance.

IBB had a death cross, but was also well above the June lows, while making a series of significant lower highs, through 120 could see a $10 rally. 

Finally, SMH broke through its 200-week moving average last week and is still slipping. While there might be some headway for SMH should bond yields relax again, we could see a drop-down to 190 or even lower.

The “Modern Family” is often seen as a good indicator of the health of different sectors, since its changing composition can offer valuable insight into shifts in consumer demand and workforce dynamics. Overall, investors need to keep a close eye on technical indicators to navigate these risky waters in today’s markets effectively. It is crucial to remain alert with a cautious trading mindset.

Whether you are just getting started with trading or are looking for advanced strategies to boost your portfolio returns, the Modern Family is an invaluable tool that will help take your trading to new heights.

Subscribe to Mish’s Daily for additional market insights and stay up to date on the Modern Economic Family’s next market moves. You can also sign up for a free consultation with Rob Quinn, our Chief Strategy Consultant, by clicking here to learn more about Mish’s top-rated risk management trading service.

Mish’s Upcoming Seminars

The Money Show: Join me and many wonderful speakers at the Money Show in Orlando, beginning October 30th running thru November 1st; spend Halloween with us!

Trader’s Summit: Mish speaks with Helene Meisler on October 23rd at 12pm ET. Learn more here.

“I grew my money tree and so can you!” – Mish SchneiderGet 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

Read Mish’s latest article for CMC Markets, titled “Earnings, Inflation and Retail, Oh My!“.

Read Mish’s previous article for CMC Markets, titled “Are We Due Another Supercycle in Miners and Precious Metals?“.

Mish discusses the undervaluation of $SILVER in this appearance on Business First AM.

Mish talks hedges and stock picks under the current environment in this appearance on BNN Bloomberg.

ETF Summary

S&P 500 (SPY): 354 support, 360 resistance.Russell 2000 (IWM): 165 support, 171 resistance.Dow (DIA): 290 support, 296 resistance.Nasdaq (QQQ): 260 support, 265 resistance.KRE (Regional Banks): 58 is support, 61 resistance.SMH (Semiconductors): 174 support, 180 resistance.IYT (Transportation): 196 support, 203 resistance.IBB (Biotechnology): 116.59 is now support, 120 resistance.XRT (Retail): 57 is now support, 60 resistance.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Wade Dawson

MarketGauge.com

Portfolio Manager

0
FacebookTwitterGoogle +Pinterest
previous post
Biden’s Treasury Department to Investigate Governor Ron DeSantis for Using Covid Relief Funds to Fly Illegal Aliens to Martha’s Vineyard
next post
MORE LIES: Joe Biden Shamelessly Claims His Son Beau Died in Iraq (VIDEO)

You may also like

Market is Stuck — Which is Extremely Bullish

November 4, 2022

GNG TV: Big Moves as Bulls See Risk-On...

February 2, 2023

How to Buy WINNERS When They Pull Back!

December 14, 2024

What Happens After October Crashes? Here’s What History...

November 11, 2022

The Next Leading Indicator

May 5, 2023

MEM TV: S&P 500 Breaks Key Support!

December 17, 2022

Don’t Fight the Tape; Stock Market Returns to...

April 3, 2023

The Second Half Equities Superbowl

June 30, 2023

The July 6-Month Calendar Range — SPY, QQQ,...

July 27, 2023

Calling All StockCharts Members: Make Sure To Check...

December 15, 2022

    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

    • Leadership Development: Unlocking the Inner Leader

      May 24, 2025
    • Satellite images reveal North Korea’s mangled naval destroyer after failed launch

      May 24, 2025
    • Trump administration plans to overhaul National Security Council, weeks after Waltz’s departure

      May 24, 2025
    • 3 Stocks to Watch While Everyone’s Staring at NVIDIA

      May 24, 2025
    • Automate Your Scans with Ease! Sample Scan Library + Scheduled Scans Walkthrough

      May 23, 2025
    • My Durable Advantage as an Investor is My Experience: Here are Seven Examples

      May 23, 2025

    Categories

    • Business (8,037)
    • Investing (1,986)
    • Politics (15,362)
    • Stocks (3,105)
    • 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