S&P 500
2191.95
+0.87 +0.04%
Dow Indu
19170.42
-21.51 -0.11%
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+0.58 +1.12%
Gold
1177.59
0.00 0.00%
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0.000000 0.00%
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U.S. STOCK INDEXES

The March NASDAQ 100 closed slightly higher on Friday as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening when Monday'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 week's decline, November's low crossing at 4558.50 is the next downside target. Closes above the 10-day moving average crossing at 4828.00 would confirm that a short-term low has been posted. First resistance Tuesday's high crossing at 4897.00. Second resistance is October's high crossing at 4916.00. First support is the 38% retracement level of the February-September-rally crossing at 4541.24. Second support is the 50% retracement level of the February-September-rally crossing at 4425.48.

The December S&P 500 closed unchanged on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2175.06 are needed to confirm that a short-term top has been posted. If December renews the rally off November's low, upside targets will be hard to project. First resistance is Wednesday's high crossing at 2212.50. Second resistance is unknown. First support is today's low crossing at 2184.80. Second support is the 20-day moving average crossing at 2175.06.

The Dow posted an inside day with a lower close on Friday as it consolidates some of the rally off November's low. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 18,853.21 would confirm that a short-term top has been posted. If the Dow extends this month's rally into uncharted territory, upside targets will be hard to project. First resistance is Wednesday's high crossing at 19,225.29. Second resistance is unknown. First support is the 10-day moving average crossing at 19,077.60. Second support is the 20-day moving average crossing at 18,853.21.

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