6/12/18

Lincoln Oehlers | June 11, 2018

S&P 500 (SPY) Got right to resistance at 279-280.40. For Tuesday, consider 278.50 pivotal-good above, dicey below. Subscribers: Positive Pivots in all

Russell 2000 (IWM) 168 still the target if holds 165.

Dow (DIA) 250 cleared so now it becomes support. 255 some resistance

Nasdaq (QQQ) Above 176 will look better. Support to hold 172.50-173

KRE (Regional Banks) Fins a bit nervous. 64.40 the 10 DMA support to hold

SMH (Semiconductors) 110.58-112 resistance with 109.40 pivotal support.

IYT (Transportation 197 support now.  199-200 resistance point to clear

IBB (Biotechnology) 108.50-111 a range in place

XRT (Retail) Granny at 50.00? Let’s see if it lasts

IYR (Real Estate) Digesting at a good spot

XLU (Utilities) 48.20 the 200-week moving average

GDX (Gold Miners) see notes

SLV (Silver) Closed above the 200-week MA. See notes

USO (US Oil Fund) 13.15 support now to hold

TAN (Solar Energy) Down around 22 would be a compelling buy

TLT (iShares 20+ Year Treasuries) 118.50 support

UUP (Dollar Bull) 24.70 now the resistance

INDA (India) If holds 33 and clears 34.10 could be a low risk buy

MJ (Alternative Harvest ETF) Inside day under the 200 DMA

CANE (Sugar) Higher lows, will like better through 8.10

DBA (Agriculture) 18.40 support