February 14, 2012
By Mish Schneider
S&P 500 (SPY) The 10 DMA still a good place to hold.
Russell 2000 (IWM) Through 82.10 back in the game. 81.00 big support to hold.
NASDQ (QQQ) Another strong closing price (new high in a decade). Watching the 10 DMA here as well 62.25.
GLD A gap open over 168.35 perhaps we will get excited.
XLF (Financials) Just about filled the gap and then closed over 14.55. Has some work to do to prove that it can eventually cross the 200 weekly moving average.
XRT (Retail) New high close. Watch the 10 DMA here as well.
IBB (Biotechnology) Let's see what it's got over 122.45 or if it breaks 119.75.
SMH (Semiconductors) Needs to clear 34.60.
IYT (Transportation) With only 1 day (yesterday) above 95.00, would like to see another close above at least 94.85.
TBT (Ultrashort 20+ Year Treasury Bonds) The island bottom holding and a vestige of hope.
For more detailed analysis join me, along with hundreds of other subscribers, at Mish's Market Minute and get my daily trade picks, trade alerts, training videos, and exclusive analysis tools. Sign up for Mish's Market Minute now and get a free 2 week trial!
Every day you'll be prepared to trade with: