05/06/2021

Aldrin Gonzales | May 5, 2021

S&P 500 (SPY) Resistance 420.72. Russell 2000 (IWM) Watching for second close under 223.38 the 50-DMA. Dow (DIA) Doji day at new high area. Nasdaq (QQQ) Next support at 325.06. KRE (Regional Banks) Doji day. Support 67.41. SMH (Semiconductors) Resistance 241.50 area. IYT (Transportation) 269.36 the 10-DMA support. IBB (Biotechnology) Next support 146.75. XRT (Retail) Holding over the 10-DMA at 93.44. Volatility Index (VXX) Short lived cross over the 10-DMA. Junk Bonds (JNK) Flirting with the 10-DMA at 109.01. XLU (Utilities) Support 65.29 held. SLV (Silver) 23.95

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