March 18, 2021
Mish's Daily
By Mish Schneider
S&P 500 (SPY) Sitting on 391.08 10-DMA. Further break could lead to move back to 50-DMA at 385
Russell 2000 (IWM) 219.13 next support area from 50-DMA
Dow (DIA) Watching to hold 328 area.
Nasdaq (QQQ) Failed to hold over the 50-DMA at 320. Next support 300 area.
KRE (Regional Banks) 68.41 support area.
SMH (Semiconductors) Sitting on 10-DMA 230.92
IYT (Transportation) 245.46 support from recent low.
IBB (Biotechnology) 160.60 resistance. Support 144.19
XRT (Retail) 85.69 support.
Volatility Index (VXX) Watching for a continued move up Friday.
Junk Bonds (JNK) 106.11 next support from 200-DMA
LQD (iShs iBoxx $Inv Gd Cor Bd ETF) Needs to hold 128.30.
IYR (Real Estate) 90.50 support area.
XLU (Utilities) 64.19 resistance. 61.88 -61.20 support area from major moving averages.
GLD (Gold Trust) Holding over the 10-DMA at 161.28
SLV (Silver) 10-DMA 24.03 pivotal area.
VBK (Small Cap Growth ETF) Broke 277.71 the 10-DMA
UGA (US Gas Fund) 29.41 50-DMA next price level to watch.
TLT (iShares 20+ Year Treasuries) Broke the 200-Week moving average 135.68.
USD (Dollar) 91.37 new support.
EWW (Mexico) Needs to get back over 44.34.
MJ (Alternative Harvest ETF) 25.10 needs to clear.
WEAT (Teucrium Wheat Fund) Large liquidation day. Needs to hold 6
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