08/02/2021

Aldrin Gonzales | August 1, 2021

S&P 500 (SPY) Holding near highs. Russell 2000 (IWM) 224.98 resistance. Dow (DIA) 351 resistance area. Nasdaq (QQQ) Holding over the 10-DMA at 363.70 KRE (Regional Banks) Needs to hold over the 10-DMA at 62.12. SMH (Semiconductors) Cleared highs today. Watching to stay over 263. IYT (Transportation) Needs to hold over 248.49. IBB (Biotechnology) Holding upward trend. Needs to stay over 164.69. XRT (Retail) Support 93.79. Looking very choppy and beginning to trade more sideways. Junk Bonds (JNK) 110.10 high to clear. 109.43 support. IYR

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