02/05/2021

Aldrin Gonzales | February 4, 2021

S&P 500 (SPY) New all-time highs. Russell 2000 (IWM) New all-time highs. Dow (DIA) 312.71 resistance. Nasdaq (QQQ) Sitting at highs. KRE (Regional Banks) Support 53.26. Resistance 59.86 SMH (Semiconductors) 246.79 resistance. Support 223.08 IYT (Transportation) Looking for a second close over the 50-DMA at 222.83 for confirmation back into bullish phase. IBB (Biotechnology) 168.51 resistance. XRT (Retail) Another Inside day. Volatility Index (VXX) 16.05 recent low. Junk Bonds (JNK) 108.41 the 50-DMA main support.

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