S&P 500
2575.80
+0.59 +0.02%
Dow Indu
23359.69
+31.06 +0.13%
Nasdaq
6616.97
-12.08 -0.18%
Crude Oil
52.06
+0.22 +0.42%
Gold
1273.240
-3.120 -0.24%
Euro
1.173495
-0.003455 -0.29%
US Dollar
93.866
+0.114 +0.12%
Weak

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U.S. STOCK INDEXES

The December NASDAQ 100 was higher overnight. U.S. stock futures inched higher on Monday, setting Wall Street on track for a round of fresh records, as traders continued to cheer the prospects for tax reforms and a better-than-expected earnings season. The small overnight gains came after the major U.S. stock indexes scored all-time closing highs on Friday, marking the 24th time in 2017 that all three main benchmarks simultaneously closed at record levels. Stochastics and the RSI are overbought, diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 6047.09 would confirm that a short-term top has been posted. First resistance is last Wednesday's high crossing at 6132.75. Second resistance is unknown. First support is the 20-day moving average crossing at 6047.09. Second support is the 50-day moving average crossing at 5974.53.

The December S&P 500 was higher overnight as it extends this year's rally into record uncharted territory. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2542.32 would confirm that short-term top has been posted. First resistance is overnight high crossing at 2576.60. Second resistance is unknown. First support is the 20-day moving average crossing at 2542.32. Second support is the 50-day moving average crossing at 2497.79.

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