05/17/2021

Mish Schneider | May 16, 2021

S&P 500 (SPY) Cleared the 10-DMA at 415.51. Russell 2000 (IWM) Support 215. Dow (DIA) Cleared 342.96 the 10-DMA. Nasdaq (QQQ) Watching to clear back over the 50-DMA at 326.52. KRE (Regional Banks) 71.82 resistance. SMH (Semiconductors) 233 pivotal area. IYT (Transportation) 282.40 resistance. IBB (Biotechnology) 147.05 support. XRT (Retail) Cleared the 50-DMA and the 10-DMA at 92.94. Volatility Index (VXX) 36.00 recent low. Junk Bonds (JNK) 108.54 support. XLU (Utilities) Flirting with the 10-DMA at 65.88. SLV (Silver) 24.92 support. VBK (Small Cap Growth ETF) 258.32 support.

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