The Market Is Slow To Prove Itself

Russell 2000 (IWM) 140 best underlying support and unless this can clear 145, we could see that number soon.

Dow (DIA) 235 pivotal support-244.60 is the 50-DMA

Nasdaq (QQQThe 50 DMA at 162.50. Support at 156

KRE (Regional Banks) A weekly close over 50.25 it gets interesting or a failure of 48.00

SMH (Semiconductors) 88.40 pivotal support. 91.20 the 50 DMA.

IYT (Transportation) This still has a long way to go to see the 50 DMA at 179.35. So for now, a close under 170 would not be a good sign

IBB (Biotechnology) 110 next resistance with 106 closest support

XRT (Retail) Big failure today after poor retail earnings. 42.25 support and back over 44 better with the 200-WMA looking at 44.80

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