May 21, 2015
Mish's Daily
By Mish Schneider
KRE (Regional Banks) Low volume after 2 days of better than average-seems like its resting but worth watching to see if holds 42.00
SMH (Semiconductors) Over 58.00 better.
IYT (Transportation) Bounce off of support at 152 but not enough to get excited about unless it clears 154
IBB (Biotechnology) Inside day. Doing its job holding us up-therefore if this quits, not good
XRT (Retail) 99.71 the DMA and almost got to the Promised Land
IYR (Real Estate) Broke the 200 DMA-this group is out of favor for now
ITB (US Home Construction) Inside day just under the 50 DMA
GLD (Gold Trust) 115 key support to hold. Inside day. Better over 117
USO (US Oil Fund) Has more work, but did clear 22.00 and the 10 DMA
TAN (Guggenheim Solar Energy) After the huge drop on five times the average volume, Thursday, it rallied back also on good volume
TBT (Ultrashort Lehman 20+ Year Treasuries) Waiting for some decision on rates
UUP (Dollar Bull) 25.20 next point to clear and 24.80 point to hold
EEM (Emerging Markets) Still friendly here
IFN (India Fund Inc.) Cleared the 200 DMA and ran up a bit
EWP (Spain) Good day and move over the 200 DMA
EWW (Mexico) Worth watching this basing action
EWG (Germany) Looks ripe for higher
FXI (China Large Cap Fund) Runaway gap form April 8th. Still holding
DBC (DB Commodity Index) Over 18.50 looks good
PHO (Water) New 2015 highs
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