S&P 500
1852.21
-1.23 -0.07%
Dow Indu
16014.38
-12.67 -0.08%
Nasdaq
4267.48
-16.27 -0.38%
Crude Oil
28.59
+0.65 +2.16%
Gold
1191.28
-0.15 -0.01%
Euro
1.129335
+0.000085 +0.01%
US Dollar
95.964
-0.092 -0.12%
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U.S. STOCK INDEXES

The March NASDAQ 100 posted an inside day with a lower close on Tuesday. Stocks retreated into negative territory Tuesday afternoon, as oil prices tumbled again on a cut to the government's price forecast. The mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, monthly support crossing at 3777.24 is the next downside target. Closes above the 20-day moving average crossing at 4162.05 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 4162.05. Second resistance is last Monday's high crossing at 4278.50. First support is Monday's low crossing at 3883.00. Second support is monthly support crossing at 3777.24.

The March S&P 500 posted an inside day with a slightly lower close on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, January's low crossing at 1804.50 is the next downside target. Closes above the 10-day moving average crossing at 1890.87 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 1946.00. Second resistance is the reaction high crossing at 2073.50. First support is Monday's low crossing at 1822.80. Second support is January's low crossing at 1804.50.

The Dow posted an inside day with a slightly lower close on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow extends Monday's decline, January's low crossing at 15,450.56 is the next downside target. Closes above the reaction high crossing at 16,510.98 are needed to renew the rally off January's low. First resistance is the reaction high crossing at 16,510.98. Second resistance is the reaction high crossing at 16,593.51. First support is Monday's low crossing at 15,803.55. Second support is January's low crossing at 15,450.56.

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