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U.S. STOCK INDEXES

The March NASDAQ 100 closed higher on Friday as it extended the rally off November's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 5186.23 would confirm that a short-term top has been posted. First resistance is today's high crossing at 5326.50. Second resistance is unknown. First support is the 10-day moving average crossing at 5243.63. Second support is the 20-day moving average crossing at 5186.23.

The March S&P 500 closed slightly higher on Friday as it consolidated some of this month's rally. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. 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 aforementioned rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2299.72 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 2345.50. Second resistance is unknown. First support is the 10-day moving average crossing at 2318.93. Second support is the 20-day moving average crossing at 2299.72.

The Dow closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow 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 20,153.47 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 20,639.87. Second resistance is unknown. First support is the 10-day moving average crossing at 20,341.11. Second support is the 20-day moving average crossing at 20,153.47.

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