May 24, 2020
Mish's Daily
By Mish Schneider
Arnold H. Lieberman Collection
I have spent most of the time in 2020 analyzing, writing, and speaking about the US markets and commodities.
Therefore, I thought it time to explore the International ETF Country Funds.
I have vetted them for you.
In the latest presentation I did for StockchartsTV.com, I begin showing you MarketGauge’s ETF Monitor.
From there, I break it down into regions.
I start with Europe, from there go into Asia, then the Americas, and end with Africa.
With each chart I review the phase, the volume patterns, the price performance, and the momentum.
Then, I divide the picks into 3 categories-pass, short or buy.
Like a souvenir from each country, you get the specifics for where to enter, how much risk to take, position sizing and when to take profits.
Additionally, I give you tips for trading some of the lower volume ETFs.
Plus, I walk you through some of our profit taking strategies.
So, who needs to get on a plane?
Stockcharts.com just released a separate playlist to see all my presentations in one easy click. Please go here.
Russell 2000 (IWM) 129.50 support with resistance 136.85
Dow (DIA) 241 support with resistance at 247.67
Nasdaq (QQQ) 225.75 support
KRE (Regional Banks) support 34.00 36 to clear
SMH (Semiconductors) Gap to fill to 144.96. 135.60 support
IYT (Transportation) 155.60 resistance 145 support
IBB (Biotechnology) 134 needs to clear
XRT (Retail) 38.00 support 40.50 resistance
Volatility Index (VXX) 36.10 is point to clear
Junk Bonds (JNK) 100 pivotal
LQD (iShs iBoxx High yield Bonds) 132 April highs
Every day you'll be prepared to trade with: