January 9, 2020
By Mish Schneider
Tonight, we look at the levels in the indices and my Economic Modern Family.
Without commentary from me, the charts and price speak volumes.
Russell 2000 (IWM) Must clear 167.12 with 165.55 pivotal and 163.70 support
Dow (DIA) All-time high 289.84 with 286.66 pivotal
Nasdaq (QQQ) ATH at 219.41. 214.97 pivotal support
KRE (Regional Banks) 56.70 the 50-DMA support 58.00 resistance
SMH (Semiconductors) ATH at 145.21 with 142.62 pivotal. Below 140, could see move to 135.
IYT (Transportation) 195 pivotal area. 200 key resistance.
IBB (Biotechnology) 121.75 resistance and 115.50 support
XRT (Retail) 45.41 pivotal. 46-47 resistance. 44.70 the 50-DMA
Every day you'll be prepared to trade with: