02/02/2022

Mish Schneider | February 1, 2022

S&P 500 (SPY) Back in a cautionary phase with the second close over the 200-DMA at 452.95. Russell 2000 (IWM) 203.55 to clear. Dow (DIA) 355.29 to clear next. Nasdaq (QQQ) 366 to clear. KRE (Regional Banks) Needs another close over 72.29. SMH (Semiconductors) Needs to stay over 270. IYT (Transportation) Large move from positive UPS earnings. IBB (Biotechnology) Watch to hold over the 10-DMA at 129.26. XRT (Retail) 82.29 to hold over. Junk Bonds (JNK) 104.43 support. SLV (Silver) 20.35 next support area. USO (US

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