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2271.31
+7.62 +0.34%
Dow Indu
19827.25
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5554.24
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100.82
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U.S. STOCK INDEXES

The March NASDAQ 100 was higher overnight as investors avoided big bets ahead of Donald Trump's inauguration as the nation's 45th president. Trump's inaugural address could attract particular attention, with traders looking for an indication on where the economy lands on his list of priorities and which policy changes he is likely to pursue first. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 4985.73 would confirm that an important short-term top has been posted. First resistance is Thursday's high crossing at 5074.75. Second resistance is unknown. First support is the 20-day moving average crossing at 4985.73. Second support is the 50-day moving average crossing at 4896.14.

The March S&P 500 was slightly higher in quiet trading overnight ahead of Donald Trump's inauguration as the nation's 45th president. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the late-December low crossing at 2229.00 are needed to confirm a downside breakout of the December-January trading range. If March renews the rally off November's low into uncharted territory, upside targets will be hard to project. First resistance is January's high crossing at 2267.50. Second resistance is unknown. First support is the late-December low crossing at 2229.00. Second support is the 50-day moving average crossing at 2227.13.

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