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
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.