April 2, 2020
By Mish Schneider
Due to scheduling conflicts, tonight you are getting the levels without commentary.
Only one important note, five of the six economic modern family members are having an inside week.
That means they are trading inside the range of last week.
The Russell 2000 IWM, Transportation IYT, Retail XRT, Semiconductors SMH, and Regional Banks KRE all are posting inside weeks.
Only Biotechnology IBB is not having one. Instead it is wedged between the 50 and 200-weekly moving averages.
Russell 2000 (IWM) Inside week so far. 101.60 support and 112.56 resistance
Dow (DIA) Inside week. Support 190 resistance 216.35
Nasdaq (QQQ) 175 support 192.35 resistance
KRE (Regional Banks) Inside week-31.65 resistance 30.00 support then 27.26
SMH (Semiconductors) Inside week. 105 support 115 resistance
IYT (Transportation) Inside week 123 support 137.70 resistance
IBB (Biotechnology) 105.22 pivotal-Over 106.80 could take this to 110
XRT (Retail) Inside week 30.00 resistance
Volatility Index (VXX) Inside week-50.00 pivotal
Junk Bonds (JNK) Inside week. 94 resistance 87 support
LQD (iShs iBoxx High yield Bonds) 120 pivotal support
Every day you'll be prepared to trade with: