01/08/2021

Aldrin Gonzales | January 7, 2021

S&P 500 (SPY) New highs. Watching 375.45 to hold as new support. Russell 2000 (IWM) New highs. Dow (DIA) New highs with 306.66 new support. Nasdaq (QQQ) 303.60 support.315.29 to clear and hold. KRE (Regional Banks) 59.38 next main resistance level. SMH (Semiconductors) Broke 225.00 resistance and cleared new highs. IYT (Transportation) 228.04 high to clear. IBB (Biotechnology)  148.50 support. 158 resistance. XRT (Retail) Doji day. Digesting large yesterdays move up. Volatility Index (VXX) Watch for 16.28 low to break or hold.

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