9/17/2018

Mish Schneider | September 17, 2018

S&P 500 (SPY) 289.50 pivotal area which means above good, below expect a test of 285 the 50 DMA Subscribers: Negative Pivots in all

Russell 2000 (IWM) 170 still pivotal with 168.90 (50 DMA) a tad to close for comfort

Dow (DIA) 259-260 support to hold.

Nasdaq (QQQ) This is the index still working off a reversal topping pattern after making new highs 3 weeks ago. The 50 DMA is at 181.

KRE (Regional Banks) 61.26 the 50-week MA-and a key for the end of this week

SMH (Semiconductors) Unconfirmed warning phase. In a week this went from bullish to warning to distribution, back to warning and then bullish. Starts this week back to unconfirmed warning. 104.05 the big swing area for the end of the week with the overhead 50 DMA at 106.38 pivotal resistance now

IYT (Transportation) 206.90 pivotal area. If fails to clear, 203 next big support

IBB (Biotechnology) Confirmed warning phase with 117.83 resistance and 115 next support.

XRT (Retail) 51.80 a good spot for this to recapture. The 50 DMA below is at 50.77

IYR (Real Estate) 82 pivotal support

XLU (Utilities) Like better back above 54.59 then 55. A close over 54.77 should do it

XLP (Consumer Staples) 54.40 support now

GLD (Gold Trust) Until the dollar breaks down, stay aside

XME (S&P Metals and Mining) 33 major support to hold and prefer to see this clear 35.00

URA (Uranium) Aside until this clears over 13.50

USO (US Oil Fund) Like to see this hold 14.30 and rally to fill gap to 14.76

XOP (Oil and Gas Exploration)

XLE (Energy) May be time to keep an eye here-over 75 looks better

TLT (iShares 20+ Year Treasuries) Back to watching the support at 118-118.50 with 120 resistance

UUP (Dollar Bull) 25.01-24.80 big support 25.42 resistance

FXE (Euro) 111 pivotal support

FXI (China) Holding the 200-week MA at 41.08 for now

EEM (Emerging Markets) Ideally, like to see this hold 41.80

GREK (Greece) Might take a chance over 8.25 with risk to under 8.00

MJ (Alternative Harvest ETF) 36.00 pivotal support.

DBC (Commodities Index) 17.05 the 200 DMA