Mish’s Daily: Indices and Key Sectors Levels Only

April 15, 2020

Mish's Daily

By Mish Schneider


With jobless claims early Thursday morning, followed by the weak bank stocks earnings reports, the market is at a precipice.

Does the Fed come in once again to buy whatever they can?

Or, will reality replace the best of the Fed’s intentions.


blank
Get your copy of "Plant Your Money Tree: A Guide to Growing Your Wealth"
and a special bonus here


S&P 500 (SPY) 270 support and a move near 287-290.45 if gets there-a short (retrace to the MA breakdown)

Russell 2000 (IWM) 114.80 support 118-120 pivotal. 125.80 2018 November low resistance

Dow (DIA) 236.80 the pivotal 200-week moving average. 240 resistance. 227 support

Nasdaq (QQQ) Confirmed bullish phase with inside day. 205 support 121.47 to clear to see 220

KRE (Regional Banks) 30.95 key to hold

SMH (Semiconductors) Unconfirmed Caution phase 126.80-128.24 range to watch

IYT (Transportation) 140.27 support 145 pivotal

IBB (Biotechnology) 115 now support with 120 next resistance

XRT (Retail) 31.00 support to hold 36-38 big resistance

Volatility Index (VXX) 39.50 support and through 41.50 suggests more market weakness

Junk Bonds (JNK) 101.05 the 50-DMA. 95.80 support

LQD (iShs iBoxx High yield Bonds) 129.10-132 range to watch break. 135 resistance

Improve Your Returns With 'Mish's Daily'

Michele'Mish' Schneider

Every day you'll be prepared to trade with:

  • Unique insight into the health and future trends in markets
  • Key trading levels for major ETFs
  • The 'Modern Family' advantage
  • Actionable trading ideas in stocks and ETFs across all asset classes
Subscribe Now!

Leave a Comment or Reply

Your email address will not be published. Required fields are marked *