09/03/2021

Aldrin Gonzales | September 2, 2021

S&P 500 (SPY) Moving higher on weak daily ranges. Russell 2000 (IWM) 234 high to clear. Dow (DIA) 356.60 high to clear. 351 support. Nasdaq (QQQ) 375 support area. KRE (Regional Banks) 64 support. SMH (Semiconductors) If can’t hold 271, watch for 263 next support area. IYT (Transportation) Watching for a bullish phase change over the 50-DMA at 255.39. IBB (Biotechnology) 177.37 high to clear. XRT (Retail) Needs to get over 97 and hold. Junk Bonds (JNK) 110.10 high to clear. IYR (Real Estate) Nice break

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