December 12, 2019
By Mish Schneider
More thorough commentary on the state of the markets will be available over the weekend.
Russell 2000 (IWM) 163.41 now pivotal as this made a new 2019 high-still $9.00 away from the ATH
Dow (DIA) 279.10 the support with a new ATH at 282.95
Nasdaq (QQQ) 204.00 or the 10 DMA support 207.32 ATH.
KRE (Regional Banks) 57.52 now support as this flew with the rising yields.
SMH (Semiconductors) 133.50 or the 10 DMA support as this blasted off today. 140.47 the new ATH
IYT (Transportation) 195 is still the area to clear with 191.40 key support.
IBB (Biotechnology) 116.30 key support 122.97 the 2018 high
XRT (Retail) 45.41 now key pivotal area to hold if this is to move higher
Every day you'll be prepared to trade with: