9/21/2018

Mish Schneider | September 23, 2018

S&P 500 (SPY) 291.74 the old high now the support to hold Subscribers: Positive Pivots in DIA negative in QQQ SPY IWM.

Russell 2000 (IWM) 170 now pivotal support with 169 the 50 DMA and we still want to see this clear 172. Then 173.

Dow (DIA) 265.93 the old high from January now support.

Nasdaq (QQQ) 183.50 should continue to hold now if good. 181 key support

KRE (Regional Banks) Closed under the 200 DMA at 62.58 for an unconfirmed phase change to warning. Needs a second day to confirm

SMH (Semiconductors) 106.38 the pivotal area to hold-confirmed the bullish phase.

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 now the pivotal 50 DMA support as this confirmed the phase change to bullish.

XRT (Retail) 51.80 a good spot for this to recapture. The 50 DMA below is at 50.90.

IYR (Real Estate) 82 pivotal area

XLP (Consumer Staples) 54.70 support-closest

GLD (Gold Trust) 113.50 pivotal

GDX (Gold Miners) Nearest support at 18.50 and if clears over 19.50, could see a move back to 21.15 or the 200-week MA.

URA (Uranium) Aside until clears over 13.50. CCJ-could not get the  weekly close over 10.

USO (US Oil Fund) Took some profit so now has to hold your entry level

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

TAN (Solar Energy) FSLR 50.00 pivotal-if bottomed, should not break under 49 again

TLT (iShares 20+ Year Treasuries) 116 area held and now resistance at 118-118.50

UUP (Dollar Bull) 24.80 big support with 25.09 initial resistance

FXE (Euro) 112 should hold now

FXI (China) Could be bottomed but some digestion now healthy

EEM (Emerging Markets) 43.16 the 50 DMA now pivotal as this went into an unconfirmed recovery phase

GREK (Greece) 8.25 support

LIT (Lithium) 33.50 pivotal

DBA (Agriculture) Now, should hold 16.95 and if bottomed, needs to clear 17.25

DBC (Commodities Index17.30 support.