Below are several important stock market ETFs with trading analysis for Friday, July 19. Each index and sector ETF includes key price support and/or resistance levels.
The Regional Banks Sector ETF (NYSEARCA: KRE) is back under 50-WMA at 54.60 and the Transportation Sector ETF (NYSEARCA: IYT) is putting in an inside week.
The Retail Sector ETF (NYSEARCA: XRT) and Biotechnology ETF (NASDAQ: IBB) are struggling.
The Russell 2000 ETF (NYSEARCA: IWM) must hold 154.
The Semiconductors Industry ETF (NYSEARCA: SMH) strong, but under 120.70 suspect.
S&P 500 (SPY) 301.42 the ATH. 300.07 pivotal. Under 299 some trouble.
Russell 2000 (IWM) 155 support and then with the inside day, 154 major.
Dow (DIA) 273.99 all-time high. 270.80 pivotal. 269.50 next support.
Nasdaq (QQQ) New ATH at 195.16. 193.15 pivotal support.
KRE (Regional Banks) Back under 54.62, the place for this to hold or not by week’s end.
SMH (Semiconductors) ATH at 123.56. 120.71 now pivotal support.
IYT (Transportation) Inside day. 195.65 the high from 7/16 to clear. 192.40 pivotal, support at 190.94 must hold.
IBB (Biotechnology) 105.20 the 50-DMA failed.
XRT (Retail) I’ll be looking for this to close above or below 43.12 a sign of more strength or not.
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The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
