Stock Market Update (January 29) with Video Tutorial

Michele Schneider

In today’s video, we analyze the broader stock market honing in on our favorites Index and Sector ETFs.

This video is of particular importance as the market pushes into an inflection point.

Here’s what we cover in the video:

–  Review of the inside weeks in the Russell 2000 (IWM), S&P 500 (SPY) and NASDAQ 100 (QQQ)

–  A view of the Modern Family on the weekly charts

–  A look at where the money has rotating into and out of and what that means going forward.

Stock Market “Daily” Update – Video

 

Stock Market ETFs and Key Levels:

S&P 500 (SPY)  – 260.68 the low to hold with 266.70 the point to clear.

Russell 2000 (IWM) – 147.54-147.92 is the range to clear. 143.46 the low to hold

Dow Jones Industrials (DIA) – 242.35 low to hold and 248.55 high to clear

Nasdaq (QQQ) – Must clear over 165.65 and hold 160.32

KRE (Regional Banks) – 53.00 nearest support level to hold. 55 major resistance

SMH (Semiconductors) – 97.20 big resistance. 93.50 pivotal and 92 support

IYT (Transportation) – 173.23 support and 179.15 pivotal with 180 resistance

IBB (Biotechnology) – 110 resistance with 106.50 support

XRT (Retail) – 44.75 the weekly resistance. 43.70 support to hold

Twitter:  @marketminute

The authors 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.

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