Indices and Key Sector Levels Only

April 2, 2020

Mish's Daily

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.

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 S&P 500 (SPY) 228 support and 253 resistance

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

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