11/17/2017

Mish Schneider | November 16, 2017

S&P 500 (SPY) 258.25 the pivotal support to hold now

Russell 2000 (IWM) 147 pivotal support and key

Dow (DIA) 234.75 the 10-DMA support to hold

Nasdaq (QQQ) Thanks to SMH-this made new all-time highs.

KRE (Regional Banks) 55.50 the 50 DMA to hold

SMH (Semiconductors) Has to clear over 104.35 and hold 103.35

IYT (Transportation) Unless this clears 173.15, it could still look vulnerable

IBB (Biotechnology) 308 now near-term support. This could make its way to 320

XRT (Retail) 40.55 key pivotal support

IYR (Real Estate) 82.00 pivotal support held

GLD (Gold Trust) Still needs a close over 122-122.50

SLV (Silver) Like to see this clear 16.30

USO (US Oil Fund) As long as this hold above 10.50, I remain friendly

TAN (Solar Energy) If doesn’t get back to 24.99 an exhaustion gap top could be in play

TLT (iShares 20+ Year Treasuries) 123.50 the 200 DMA. 125.50 pivotal 126.80 resistance

UUP (Dollar Bull) 24.37 the 200-week MA