Key Levels for Indices and Sectors-12-12-19

December 12, 2019

Mish's Daily

By Mish Schneider

blankWhile the dust settles on the “possible” removal of existing tariffs and the “possible” elimination of new ones scheduled for December 15th, let’s update key market levels.

More thorough commentary on the state of the markets will be available over the weekend.

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S&P 500 (SPY) 313.35 or the 10 DMA support. 317.99 new all-time high.

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

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