S&P 500
2798.03
-4.53 -0.16%
Dow Indu
26017.81
-97.84 -0.37%
Nasdaq
7298.32
+0.04 0.00%
Crude Oil
63.17
-0.72 -1.12%
Gold
1331.365
+0.090 +0.01%
Euro
1.226125
+0.000050 0.00%
US Dollar
90.370
-0.114 -0.13%
Weak

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

U.S. STOCK INDEXES

The March NASDAQ 100 closed lower on Thursday. The mid-range close sets the stage for a steady to higher opening when Friday'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 6601.54 are needed to confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 6845.75. Second resistance is unknown. First support is the 10-day moving average crossing at 6722.90. Second support is the 20-day moving average crossing at 6601.54.

The March S&P 500 posted an inside day with a slightly lower close on Thursday. The low-range close sets the stage for a steady to lower opening when Friday'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 winter's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2726.75 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 2808.00. Second resistance is unknown. First support is the 10-day moving average crossing at 2766.64. Second support is the 20-day moving average crossing at 2726.75.

The Dow closed lower on Thursday as it consolidated some of this month's gains but remains above 26,000. The mid-range close sets the stage for a steady opening when Friday'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 this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 25,180.14 would confirm that a short-term top has been posted. First resistance is today's high crossing at 26,153.42. Second resistance is unknown. First support is the 10-day moving average crossing at 25,576.19. Second support is the 20-day moving average crossing at 25,180.14.

© Copyright INO.com, Inc. All Rights Reserved.