Below are several important stock market ETFs with trading analysis for Friday, July 19.
Each index and sector ETF includes key price support and/or resistance levels.
S&P 500 (SPY) – 298.80, the pivotal area to clear and hold or not. Then, 300 is a psychological round number to clear next. 295 underlying support.
Russell 2000 (IWM) – 154.30 is the major pivotal 50-WMA with resistance at 155.35. Underlying support at 153.
Dow (DIA) – 273.99 all-time high. 270.75 pivotal support still holding.
Nasdaq (QQQ) – 194.19 the new all-time high. 192.25 pivotal area.
KRE (Regional Banks) – Unconfirmed Recuperation 53.40 next resistance. 52.80 key area to hold.
SMH (Semiconductors) – 115.70-116 now pivotal area of support117.88 next resistance.
IYT (Transportation) – Inside day. Now, 188.30 is the number to hold.
IBB (Biotechnology) – 107.40 resistance and 105.20 the 50-DMA pivotal support.
XRT (Retail) – Major support at 42.45 must hold.
The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.