02/05/2025

Mish Schneider | February 4, 2026

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) 685 the 50-DMA holding for dear life  Russell 2000 (IWM) 255 the 50-DMA support  Dow (DIA) Strong and if holds will make a new all time high  Nasdaq (QQQ) The weakest-that’s new-600 big support through 620 better     Regional banks (KRE) A leader-who would have thunk it  Semiconductors (SMH) 368-370 clutch support  Transportation (IYT) New highs-great sign for the economy   Biotechnology (IBB) 170 support  Retail (XRT) We watch 91.25 to clear, 88 to hold   Bitcoin (BTCUSD) 65k area huge support.

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