Granny Brick and Mortar Retail Comes to Life!

September 19, 2017

Mish's Daily

By Mish Schneider

blankTonight’s Commentary comes in the form of a Facebook Live Video. Here is the link, which you should be able to access even if you do not have a Facebook account: 


S&P 500 (SPY) Inside day. Nothing particularly scary here, unless it fails 248.50

Russell 2000 (IWM) Inside day. 144.25 big resistance. 141 pivotal support.

Dow (DIA) New highs again. Runaway gap unless this fails 222.67 with a gap down

Nasdaq (QQQ) Inside day. 146.59 the all-time high to clear if good

KRE (Regional Banks) The 50-DMA cleared for an unconfirmed recovery phase ahead of the FED.

SMH (Semiconductors) New all-time high doji day

IYT (Transportation) Flat-needs to fill gap to 173.38

IBB (Biotechnology) Broke 330 so could see 320

XRT (Retail) 40.00 is huge support. If can get back through 41.50 better

IYR (Real Estate) Interest rate sensitive which means a lot rides on the Fed speak this week

XLU (Utilities) Dropped down to the 50-DMA support. 53.90 key support

GLD (Gold Trust) Inside day at support

SLV (Silver) Inside day above the 200 DMA at 16.20

GDX (Gold Miners) My fave of the metals at this point. Back through 24.05 better

XME (S&P Metals and Mining) Potential to continue up

USO (US Oil Fund) Recovery Phase with 10.00 first support and 9.80 the 50-DMA to hold

XLE (Sel Energy Spdr Fd) This looks okay with resistance at 67.00 key

OIH (Oil Service Holders) I like this sector better than XLE. Through 25 should continue higher

TAN (Solar Energy) 22.00 should hold now.

TLT (iShares 20+ Year Treasuries) Held the 50-DMA today which makes sense ahead of FED

UUP (Dollar Bull) It was oversold. Now, would not sell unless it rallies to 24.20-28 and fails or breaks under 23.30

FXI (China) Potential breakaway gap followed through

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