February 5, 2019


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

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