11/14/2017

| November 13, 2017

S&P 500 (SPY) SPY closed close to the 258-pivotal support. An open below that cannot find buyers will be troublesome

Russell 2000 (IWM) 146.65 pivotal as this holds on to the 50 DMA

Dow (DIA) Inside day. 234.80 the 10-DMA failed making that area pivotal.

Nasdaq (QQQ) A move under 153.25 that cannot recover will encourage weakness elsewhere

KRE (Regional Banks) Unconfirmed Warning phase. 55.27 the 50 DMA and 54.71 the 200 DMA

SMH (Semiconductors) 102.85 pivotal

IYT (Transportation) Came back some. Big volume on that comeback, so follow through will l help the market.

IBB (Biotechnology) 310 pivotal support holding on for dear life

XRT (Retail) Big week for our Granny

IYR (Real Estate) Support at 82.00

XLU (Utilities) New 2017 highs today

GLD (Gold Trust) Quiet day-still needs a close over 122

SLV (Silver) Like to see this clear 16.30

GDX (Gold Miners) Needs to clear 23.10 with volume

USO (US Oil Fund) Looks like sideways correction which is overall bullish

XOP (Oil & Gas Exploration) Cleared 35.52 the 50-week MA, which is a good risk point

TAN (Solar Energy) Second profit target hit today and a new 2017 high

TLT (iShares 20+ Year Treasuries) 123.50 the 200 DMA. 125.50 resistance

UUP (Dollar Bull) 24.37 the 200-week MA and 24.80 resistance

About the author

+ posts