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Key ETF Levels, Memory Stocks in Focus & Mish's Long Bitcoin Position

Key ETF Levels, Memory Stocks in Focus & Mish's Long Bitcoin Position

Published 1 month, 2 weeks ago
Description

Amid ongoing volatility in the crude oil trade, Mish Schneider is looking at technical levels in several key ETF products. She's closely monitoring the XRT Retail ETF with her eyes on a critical level at 81.50. On the oil trade, she says $98 a barrel could be some upside resistance right now with $82-$85 acting as downside support. Mish thinks historically higher oil prices could bring down treasury yields. For stock opportunities, she's looking at select semiconductor and memory names like Micron (MU), Intel (INTC), ASML (ASML) and Lam Research (LRCX). Mish adds that she's long on Bitcoin (/BTC) saying there could be a departure from tradfi assets like gold.

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