S&P 500
2173.60
+3.54 +0.16%
Dow Indu
18432.24
-24.11 -0.13%
Nasdaq
5165.85
+10.87 +0.21%
Crude Oil
41.60
+0.32 +0.77%
Gold
1351.005
+14.260 +1.06%
Euro
1.1173
0.0000 0.00%
US Dollar
95.579
-1.080 -1.39%
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U.S. STOCK INDEXES

The September NASDAQ 100 closed slightly higher on Friday as it extends the rally off June's low. The mid-range close sets the stage for a steady to higher opening when Monday'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 September extends the rally off the late-June low, weekly resistance crossing at 4739.50 is the next upside target. Closes below the 20-day moving average crossing at 4586.39 are needed to confirm that a short-term top has been posted. First resistance is weekly resistance crossing at 4739.50. Second resistance is the all-time high crossing at 4884.00. First support is the 10-day moving average crossing at 4662.90. Second support is the 20-day moving average crossing at 4586.39.

The September S&P 500 closed higher on Friday as it extends the trading range of the past two-weeks. The S&P 500 index hit a record in intra-day high on Friday as the index shook off earlier concerns about sluggish second-quarter domestic growth. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this summer's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2142.39 would confirm that a short-term top has been posted. First resistance is today's high crossing at 2171.50. Second resistance is unknown. First support is the reaction low crossing at 2143.90. Second support is the 20-day moving average crossing at 2142.39.

The Dow closed lower on Friday due to sluggish second-quarter domestic growth, which came in at 1.2%. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 18,341.10 would confirm that a short-term top has been posted. If the Dow renews the rally off June's low into uncharted territory, upside targets will be hard to project. First resistance is last Wednesday's high crossing at 18,622.01. Second resistance is unknown. First support is Thursday's low crossing at 18,368.82. Second support is the 20-day moving average crossing at 18,341.10.

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