Indices and Key Sector Levels Only

Due to scheduling conflicts, tonight you are getting the levels without commentary.

Only one important note - five of the six economic modern family members are having an inside week. That means they are trading inside the range of last week.

The Russell 2000 IWM, Transportation IYT, Retail XRT, Semiconductors SMH, and Regional Banks KRE all are posting inside weeks. Only Biotechnology IBB is not having one. Instead, it is wedged between the 50 and 200-weekly moving averages.

• S&P 500 (SPY): 228 support and 253 resistance
• Russell 2000 (IWM): Inside week so far. 101.60 support and 112.56 resistance
• Dow (DIA): Inside week. Support 190, resistance 216.35
• Nasdaq (QQQ): 175 support, 192.35 resistance
• KRE (Regional Banks): Inside week - 31.65 resistance, 30.00 support then 27.26
• SMH (Semiconductors): Inside week - 105 support, 115 resistance
• IYT (Transportation): Inside week - 123 support, 137.70 resistance
• IBB (Biotechnology): 105.22 pivotal - over 106.80, could take this to 110
• XRT (Retail): Inside week, 30.00 resistance
• Volatility Index (VXX): Inside week - 50.00 pivotal
• Junk Bonds (JNK): Inside week. 94 resistance, 87 support
• LQD (iShs iBoxx High yield Bonds): 120 pivotal support

Mish Schneider

MarketGauge.com

Director of Trading Research and Education