US equities tanked, and as we highlighted last week the spreading virus was simply the tipping point for an insanely overvalued and overbought market. Three out of four equity benchmarks are down for the year. Apple looks like it ran …
S&P 500 (SPY) 320.70 the 50-DMA. 324.00 resistance
Russell 2000 (IWM) 160 support then 156-162 then 164 resistance
Dow (DIA) 284.50 is the 50-DMA resistance and support 281.40
Nasdaq (QQQ) 212.35 support with 222.10 resistance…
S&P 500 (SPY) 320.70 the 50-DMA. 324.00 resistance Russell 2000 (IWM) 160 support then 156-162 then 164 resistance Dow (DIA) 284.50 is the 50-DMA resistance and support 281.40 Nasdaq (QQQ) 212.35 support with 222.10 resistance KRE (Regional Banks) 53.80 the …
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance
Russell 2000 (IWM) Support 162 to hold then must clear 163.80-164.07
Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance
Nasdaq (QQQ) 212.24 support with 222.70 …
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance Russell 2000 (IWM) Support 162 to hold then must clear 163.80-164.07 Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance Nasdaq (QQQ) 212.24 support with 222.70 …
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance
Russell 2000 (IWM) Support between 163.80-164.07 to hold
Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance
Nasdaq (QQQ) 212.24 support with 222 pivotal.…
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance Russell 2000 (IWM) Support between 163.80-164.07 to hold Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance Nasdaq (QQQ) 212.24 support with 222 pivotal. KRE (Regional …
Market Bias: Neutral to Bullish Longs: CMG - FTP Transition - Earnings Feb 4th ASML U-Turn ALKS - Brickwall Bottom - Earnings Feb 12-17 Shorts:
This content is for Premium subscribers only. Please register or click here to login.…
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance
Russell 2000 (IWM) Support between 163.80-164.07 to hold
Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance
Nasdaq (QQQ) 212.24 support with 222 resistance.…
S&P 500 (SPY) A weekly close under 320 will not look healthy. 329.50 resistance Russell 2000 (IWM) Support between 163.80-164.07 to hold Dow (DIA) 284.12 is the 50-DMA with 290.35 resistance Nasdaq (QQQ) 212.24 support with 222 resistance. KRE (Regional …