9/19/2018

Geoff Bysshe | September 19, 2018

S&P 500 (SPY) 289.50 pivotal area support. 291.74 the current all-time high, which today’s high came within inches of.

Russell 2000 (IWM) Broke 170 on a day Dow made new highs. 168.94 the 50 DMA to hold, then 167.30. Over 170-we still want to see this clear 172.

Dow (DIA) new all-time highs.

Nasdaq (QQQ) 2 Inside days. Get ready folks for this to reconcile one way or another-and do so big! The 50 DMA is at 181.05.

KRE (Regional Banks) Clutch hold of 61.26 the 50-week MA-but could not close over the 200 DMA

SMH (Semiconductors) 104.05 the big swing area for the end of the week with the overhead 50 DMA at 106.38 pivotal area to clear/hold. Note the slope on the 50 DMA is starting to turn down.

IYT (Transportation) 206.70-207.22 pivotal area. If fails to hold, 203 next big support. Otherwise, the ATH is at 209.43

IBB (Biotechnology) 117.83 the 50 DMA resistance to close above and 115 next support.

XRT (Retail) 51.80 a good spot for this to recapture. The 50 DMA below is at 50.80

IYR (Real Estate) Rates too much for this

XLP (Consumer Staples) 54.40 support now

GLD (Gold Trust) Could be trying to bottom-I still want to see the dollar (UUP) break 25.00

XME (S&P Metals and Mining) Cleared 35.00, now has to confirm

URA (Uranium) Aside until clears over 13.50

USO (US Oil Fund) Filled the gap to 14.76. Now, if holds 14.30 I’m thinking this has way more upside.

XLE (Energy) closed over 75 looks better. If sticks, tight risk below 74.50

TAN (Solar Energy) Like FSLR if clears 50.00

TLT (iShares 20+ Year Treasuries) Broke the support at 118-118.50. Under 116-ouch!

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

FXE (Euro) 111 pivotal support

FXI (China) 42.25 the 50 DMA cleared-needs to confirm

EEM (Emerging Markets) 41.80 support

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

MJ (Alternative Harvest ETF) crazy times with TLRY-trend up though

LIT (Lithium) confirmed recovery phase-32.50 pivotal support

WEAT (Teucrium Wheat Fund):

DBA (Agriculture) Has my interest-if holds 16.95-would take a shot (small) and over 17.05-17.10 better

DBC (Commodities Index) Looks good-like the USO chart