01/25/2022

Mish Schneider | January 24, 2022

S&P 500 (SPY) Watching to get back over the 200-DMA at 442 and hold. Russell 2000 (IWM) Looking for Monday’s rally to continue. Dow (DIA) 340 needs to hold. Nasdaq (QQQ) 350 to hold. KRE (Regional Banks) Flirting with the 50-DMA at 72.63. SMH (Semiconductors) Look for second close over the 200-DMA at 269.24. IYT (Transportation) 254.20 minor support. IBB (Biotechnology) 122.94 new support. XRT (Retail) 82.92 the 10-DMA to clear. Junk Bonds (JNK) 106.48 pivotal. SLV (Silver) 22.83 resistance. USO (US Oil Fund) 58 support

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