3/27/19

Lincoln Oehlers | March 26, 2019

S&P 500 (SPY) Thursday a new swing high. Friday, a failure of Thursday’s low and a topping pattern on high volume in place. Monday, some digestion. Tuesday? Failed to clear the 10 DMA at 281.35. Subscribers: Positive Pivots in all

Russell 2000 (IWM) The 50-DMA resistance is at 151.90 with support at 148.20, then 145.

Dow (DIA) 257.40 the resistance at the 10-DMA and support at the 50-DMA or 253.65

Nasdaq (QQQ) 178.75 is the 10-DMA and super pivotal. If cannot clear tomorrow, expect more downside with 172.70 the 200 DMA

KRE (Regional Banks) Unless this can clear and close over 50.95, today was just some short-covering

SMH (Semiconductors) 106.63 is the immediate resistance on a closing basis. Under 106.15, could see some more selling with best support around the 101-100 area

IYT (Transportation) Inside day here today. 183.90 is the overhead 50-DMA so lots of work to do if this has a chance of getting there

IBB (Biotechnology) In a bear phase but back over the 50-WMA at 110.25. Now pivotal

XRT (Retail) Resistance at 44.55 to clear and close above. Some support at 42.95, but if fails there, we are reversing a 10-year uptrend

XLU (Utilities) Inside day resolved to the upside

GLD (Gold Trust) Held 124-123.50 the best underlying support. Over 124.56 could see more upside

GDX (Gold Miners) 22.85 the support area to hold. Looks good

SLV (Silver) 14.61 the 50-DMA resistance

URA (Uranium) Watch for a close over 12.77

USO (US Oil Fund) Held 12.40-over 12.55 should continue north

TAN (Solar Energy) FSLR-held the 50-DMA at 50.95-if continues to hold watch TAN over 23.24

TLT (iShares 20+ Year Treasuries) 123.90 pivotal support at the 200-WMA

UUP (Dollar Bull) Uptrend still intact until it breaks below 25.67

GREK (Greece) Can look to add over 8.07

CORN (CORN) Unconfirmed bearish phase

JO (Coffee) Will need to see futures close above 96-or this above 34.50-got close today

CANE (Sugar) 7.50 is what we are waiting for on a closing basis

DBA (Agriculture) 16.90 still the number

USCI (US Commodity Index) Back over 39.11-will see if it can stick