S&P 500
2070.65
+9.42 +0.45%
Dow Indu
17804.80
+26.65 +0.15%
Nasdaq
4767.21
+18.81 +0.39%
Crude Oil
57.13
+3.49 +6.04%
Gold
1195.87
0.00 0.00%
Euro
1.2229
0.0000 0.00%
US Dollar
89.603
+0.370 +0.48%
Strong

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 higher on Friday as it extends the rebound off the 38% retracement level of the October-December-rally. Today's high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, November's high crossing at 4342.00 is the next upside target. Closes below the 10-day moving average crossing at 4215.90 are needed to confirm that a short-term low has been posted. First resistance is today's high crossing at 4299.25. Second resistance is November's high crossing at 4342.00. First support is the 38% retracement level of the October-December-rally crossing at 4093.43. Second support is the 50% retracement level of the October-December-rally crossing at 4015.46.

The March S&P 500 closed higher on Friday as it extended this week's rally. 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 bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, weekly resistance crossing at 2078.00 is the next upside target. First resistance is today's high crossing at 2072.20. Second resistance is weekly resistance crossing at 2078.00. First support is the 10-day moving average crossing at 2022.50. Second support is Tuesday's low crossing at 1960.40.

The Dow closed closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this week's rally, December's high at 17,991.19 is the next upside target. Close below the 10-day moving average crossing at 17,530.50 would confirm that a short-term top has been posted. First resistance is today's high crossing at 17,858.36. Second resistance is December's high crossing at 17,991.19. First support is Tuesday's low crossing at 17,067.59. Second support is the 50% retracement level of the October-December-rally crossing at 16,923.56.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

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