February 5, 2019
Uncategorized
By Mish Schneider
S&P 500 (SPY) 271-272.65 now the pivotal support. 273.92 is the 200-DMA resistance Subscribers: Positive Pivots in all
Russell 2000 (IWM) 150 pivotal support to hold. 151.25 pivotal resistance
Dow (DIA) 249.85 the 200-DMA a good pivotal point to watch. 254 resistance
Nasdaq (QQQ) 170.15 now pivotal support
KRE (Regional Banks) 53.19 pivotal support 55 resistance
SMH (Semiconductors) November high before the crash was 99.13. Today’s high 99.22. 97.25 now key weekly support to hold
IYT (Transportation) 180.59 support to hold 187.65 resistance overhead.
IBB (Biotechnology) 109.92 the 50-WMA and now pivotal
XRT (Retail) Cleared the 200-Week MA today-that makes 44.60 pivotal for the week with some resistance at 45
GLD (Gold Trust) 123.85-124 should hold
GDX (Gold Miners) Worked off overbought condition with support at 22.00-closed well
SLV (Silver) 14.80 the place to hold-then 15.50 resistance
URA (Uranium) see notes
USO (US Oil Fund) A gap over 11.69 would be compelling.
XLE (Energy) Got to 64.60 target. Now should hold at no loss and if keeps going, get to 67 area.
TLT (iShares 20+ Year Treasuries) 121.75 pivotal with 119.50 support
UUP (Dollar Bull) 25.55 resistance with support now at 25.31
FXI (China) 42.75 the 200-DMA holding
EEM (Emerging Markets) nice move this week-Keith was all over it
GREK (Greece) Watch 7.45-the 17-week EMA
WEAT (Teucrium Wheat Fund) 6.16 weekly point to clear
CORN (CORN) 16.82 weekly point to clear
JO (Coffee) 107.35 in futures has to clear
CANE (Sugar) Want to see it get back over 13 in futures
Soybeans (SOYB) 16.25 back to pivotal support. 16.73 the 6-month Calendar range high-watch this
DBA (Agriculture) 17.15 the 50-DMA. Now should hold 17.00
