3/12/2019

March 12, 2019

Mish's Daily

By Mish Schneider


Abbreviated version of MMM Daily by Michele Schneider from Boca Raton. 

If you have questions, please ask me on @marketminute my twitter account

Today’s Key Levels:

S&P 500 (SPY) Look for support at the pivot area, 277.50 and 277. Next resistance is 280, and then the swing high is at 281.87.

Russell 2000 (IWM) 155.60 should be  Near-term resistance. 154 support and big pivotal area.

Dow (DIA) Use 256 as the immediate pivotal are for Wednesday. Then some Support at 255. Resistance at the 10-DMA, 258 then more at 259.

Nasdaq (QQQ) 175.79 is the immediate pivotal point for tomorrow. A close under 174.77 is the best sign rally over for now.

KRE (Regional Banks) 54.00-55.00 range to watch.

SMH (Semiconductors) 104 resistance with 102-102.50 key support to hold.

IYT (Transportation) Under 184.82 be cautious. Over 186 better.

IBB (Biotechnology) 112.50 good resistance. 111 immediate support. 110 key to hold this week. Closed at 200-DMA.

XRT (Retail) Looks like a potential bear flag. 44.60 is the ultimate place to hold. Resistance at 45.40.

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