Summary
The Dow Future is higher 110 points to 25156. The US Dollar Index edged higher by 0.410 points to 97.197. Gold has climbed 2.825 dollars to 1237.845. Silver is up 0.05600 dollars to 14.50950. The Dow Industrials moved lower 311.77 points, at 25027.07, while the S&P 500 moved down 37.70 points, last seen at 2700.06. The Nasdaq Composite eased 283.08 points to 7158.43. Streaming charts of these markets are available at MarketClub
The March Dollar closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If March renews the rally off September's low, weekly resistance crossing at 97.83 is the next upside target. If March renews the decline off November's high, the 50-day moving average crossing at 95.53 is the next downside target. First resistance is November's high crossing at 96.93. Second resistance is weekly resistance crossing at 97.83. First support is the 50-day moving average crossing at 95.53. Second support is November's low crossing at 94.91. The March Euro closed slightly lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off September's high, the 87% retracement level of the 2016-2018-rally crossing at 111.94 is the next downside target. If March renews the rally off November's low, the 50-day moving average crossing at 115.75 is the next upside target. First resistance is the 50-day moving average crossing at 115.75. Second resistance is the reaction high crossing at 116.45. First support is November's low crossing at 113.53. Second support is the 87% retracement level of the 2016-2018-rally crossing at 111.94. The March British Pound closed higher on Wednesday. The mid-range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off November's high, the 87% retracement level of the 2017-2018-rally crossing at 1.2665 is the next downside target. Closes above the 50-day moving average crossing at 1.3044 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.2922. Second resistance is the 50-day moving average crossing at 1.3044. First support is Tuesday's low crossing at 1.2730. Second support is the 87% retracement level of the 2017-2018-rally crossing at 1.2665. The March Swiss Franc closed slightly lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 1.0118 would temper the near-term friendly outlook. Closes above November's high crossing at 1.0204 are needed to renew the rally off November's low. If March resumes the decline off September's high, weekly support crossing at 0.9833 is the next downside target. First resistance is November's high crossing at 1.0204. Second resistance is the reaction high crossing at 1.0291. First support is November's low crossing at 1.0018. Second support is weekly support crossing at 0.9833. The March Canadian Dollar closed sharply lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, the May-2017 low crossing at 73.67 is the next downside target. Closes above Monday's high crossing at 76.15 are needed to confirm that a short-term low has been posted. First resistance is Monday's high crossing at 76.15. Second resistance is the 50-day moving average crossing at 76.49. First support is today's low crossing at 74.80. Second support is the May-2017 low crossing at 73.67. The March Japanese Yen closed lower on Wednesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above November's high crossing at 0.0899 are needed to confirm that a short-term low has been posted. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. If March resumes the decline off October's high, November's low crossing at 0.0885 is the next downside target. First resistance is October's high crossing at 0.0907. Second resistance is August's high crossing at 0.0922. First support is November's low crossing at 0.0885. Second support is weekly support crossing at 0.0877.
January crude oil closed higher on Wednesday as it rebounds off the 87% retracement level of the 2017-2018-rally crossing at 49.96. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI have turned neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 55.88 would confirm that a short-term low has been posted. If January resumes the decline off October's high, the June-2017 low crossing at 46.00 is the next downside target. First resistance is the 20-day moving average crossing at 55.88. Second resistance is the reaction high crossing at 58.16. First support is the 87% retracement level of the 2017-2018-rally crossing at 49.96. Second support is the June-2017 low crossing at 46.00. January heating oil closed slightly higher on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night trading session begins. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 199.03 are needed to confirm that a low has been posted. If January resumes the decline off October's high, the 75% retracement level of the 2017-2018-rally crossing at 173.08 is the next downside target. First resistance is the 20-day moving average crossing at 199.04. Second resistance is the reaction high crossing at 210.09. First support is last Friday's low crossing at 178.37. Second support is the 75% retracement level of the 2017-2018-rally crossing at 173.08. January unleaded gas closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 149.68 would confirm that a short-term low has been posted. If January resumes the decline off October's high, the June-2017 low crossing at 129.88 is the next downside target. First resistance is the 20-day moving average crossing at 149.68. Second resistance is the reaction high crossing at 159.94. First support is last-Thursday's low crossing at 135.41. Second support is the June-2017 low crossing at 129.88. January Henry natural gas closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday'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 4.283 would confirm that a short-term top has been posted. If January renews the rally off September's low, the 25% retracement level of the 2008-2016-decline crossing at 5.204 is the next upside target. First resistance is November's high crossing at 4.929. Second resistance is the 25% retracement level of the 2008-2016-decline crossing at 5.204. First support is the 20-day moving average crossing at 4.283. Second support is the 50-day moving average crossing at 3.711.
March coffee closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, the reaction low crossing at 10.45 is the next downside target. Closes above the 20-day moving average crossing at 11.33 would confirm that a short-term low has been posted. March cocoa closed sharply lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 21.99 would confirm that a short-term low has been posted. If March renews the decline off November's high, October's low crossing at 20.08 is the next downside target. March sugar closed slightly lower on Wednesday. The low-range close set the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, the reaction low crossing at 11.91 is the next downside target. If March extends the rally off November's low, the reaction high crossing at 13.54 is the next upside target. March cotton closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends today's rally, September's high crossing at 84.22 is the next upside target. Closes below the 50-day moving average crossing at 78.85 would confirm that a short-term top has been posted.
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March Corn closed unchanged at 3.84 3/4. March corn closed changed on Wednesday as it consolidated some of the rally off November's low. The mid-range close sets the stage for a steady opening when Thursday's night sessions 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 the rally off November's low, November's high crossing at 3.90 is the next upside target. If Closes below the 10-day moving average crossing at 3.75 1/4 would temper the near-term friendly outlook. First resistance is November's high crossing at 3.90. Second resistance is August's high crossing at 3.98 3/4. First support is November's low crossing at 3.67 1/4. Second support is September's low crossing at 3.54 3/4. March wheat closed down 4 1/4-cents at 5.18 1/4. March wheat closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off August's high, the 87% retracement level of the 2017-2018-rally crossing at 5.01 is the next downside target. Closes above the 50-day moving average crossing at 5.23 1/2 would confirm that a short-term low has been posted. First resistance the 50-day moving average crossing at 5.23 1/2. Second is October's high crossing at 5.46 1/2. First support is November's low crossing at 5.03 1/4. Second support is the 87% retracement level of the 2017-2018-rally crossing at 5.01. March Kansas City Wheat closed down 7 1/4-cents at 4.98. March Kansas City wheat closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, weekly support crossing at 4.53 is the next downside target. If March extends the rally off November's low, the 50-day moving average crossing at 5.22 1/4 is the next upside target. First resistance is the 50-day moving average crossing at 5.22 1/4. Second resistance is November's high crossing at 5.33 3/4. First support is November's low crossing at 4.82 1/4. Second support is weekly support crossing at 4.53. March Minneapolis wheat closed down 4 1/4-cents at 5.75 1/2. March Minneapolis wheat closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, July's low crossing at 5.59 is the next downside target. If March extends the rally off November's low, the 50-day moving average crossing at 5.87 is the next upside target. First resistance is the 50-day moving average crossing at 5.87. Second resistance is November's high crossing at 5.93. First support is last-Thursday's low crossing at 5.67 1/2. Second support is July's low crossing at 5.59. SOYBEAN COMPLEX?http://quotes.ino.com/ex?changes/?c=grains" January soybeans closed up 1 1/2-cents at 9.13 1/4. January soybeans closed higher on Wednesday testing the 38% retracement level of the May-September-decline crossing at 9.15 3/4. The mid-range close sets the stage for a steady to higher opening when Thursday'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 January extends the rally off September's low, July's high crossing at 9.32 3/4 is the next upside target. Closes below the 50-day moving average crossing at 8.78 3/4 would temper the near-term friendly outlook. First resistance is the 38% retracement level of the May-September-decline crossing at 917. Second resistance is the 50% retracement level of the May-September-decline crossing at 9.45 1/4. First support is November's low crossing at 8.57. Second support is October's low crossing at 8.44 1/2. March soybean meal closed down $0.40 at 317.10. March soybean meal closed slightly lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher possible near-term. If March extends Monday's rally, October's high crossing at 327.40 is the next upside target. Closes below September's low crossing at 301.60 would confirm a downside breakout of the September-October trading range. First resistance is October's high crossing at 327.40. Second resistance is the 38% retracement level of the May-September-decline crossing at 330.30. First support is November's low crossing at 305.30. Second support is September's low crossing at 303.40. March soybean oil closed down 7 pts. at 29.04. March soybean oil gapped closed lower on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday'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. Today's close above the 50-day moving average crossing at 28.93 has opened the door for a possible test of October's high crossing at 30.50 later this month. Closes below the 20-day moving average crossing at 28.21 would temper the near-term friendly outlook. First resistance is today's high crossing at 29.20. Second resistance is October's high crossing at 30.50. First support is November's low crossing at 27.42. Second support is weekly support crossing at 26.88.
The March NASDAQ 100 closed sharply lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 6819.93 would confirm that a short-term top has been posted. If March resumes the rally off November's low, November's high crossing at 7262.00 is the next upside target. First resistance is the 50-day moving average crossing at 7094.12. Second resistance is November's high crossing at 7262.00. First support is the 10-day moving average crossing at 6819.93. Second support is November's low crossing at 6449.50. The December S&P 500 closed sharply lower on Tuesday as it consolidated some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 2708.34 would confirm that a short-term top has been posted. If December resumes the rally off November's low, the 75% retracement level of the September-October-decline crossing at 2861.07 is the next upside target. First resistance is the 62% retracement level of the September-October-decline crossing at 2815.64. Second resistance is the 75% retracement level of the September-October-decline crossing at 2861.07. First support is the 10-day moving average crossing at 2708.34. Second support is November's low crossing at 2627.80. The Dow is closed today in observance of a day of mourning for George H.W. Bush . Stock-index electronic trading remains open and Dow futures show that a 100-point bounce is possible on Thursday following Tuesday's 800-point decline. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Tuesday's gap crossing at 24,750.73 would open the door for a possible test of November's low crossing at 24,268.74. If the Dow renews the rally off November's low, November's high crossing at 26,277.82 is the next upside target. First resistance is November's high crossing at 26,277.82. Second resistance is October's high crossing at 26,951.81. First support is last-Tuesday's gap crossing at 24,750.73. Second support is November's low crossing at 24,268.74.
March T-bonds closed up 1-24-points at 142-09. March T-bonds closed sharply higher on Tuesday as it extended the rally off November's low. The high-range close sets the stage for a steady to higher opening when Thursday'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 the rally off November's low, the 87% retracement level of the August-October-decline crossing at 143-04 is the next upside target. Closes below the 20-day moving average crossing at 138-25 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the August-October-decline crossing at 143-04. Second resistance is August's high crossing at 144-06. First support is the 10-day moving average crossing at 139-27. Second support is the 20-day moving average crossing at 138-25. March T-notes closed up 160-points at 120-030. March T-notes closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 the rally off November's low, August's high crossing at 120.170 is the next upside target. Closes below the 20-day moving average crossing at 118.254 would confirm that a short-term top has been posted. First resistance is today's high crossing at 120.090. Second resistance is August's high crossing at 120.170. First support is the 10-day moving average crossing at 119.109. Second support is the 20-day moving average crossing at 118.254.
February hogs closed up $1.70 at $67.75. February hogs closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If February renews the rally off October's low, weekly resistance crossing at 72.88 is the next upside target. Closes below the 50-day moving average crossing at 64.58 would confirm that a short-term top has been posted. First resistance is November's high crossing at 69.50. Second resistance is weekly resistance crossing at 72.88. First support is the 50-day moving average crossing at 64.58. Second support is November's low crossing at 59.25. February cattle closed up $0.73 at 122.38. February cattle closed higher on Wednesday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Thursday'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 February extends the rally off November's low, the October 26th reaction high crossing at 123.68 is the next upside target. Closes below last-Thursday's low crossing at 118.57 would confirm that a short-term top has been posted. First resistance is today's high crossing at 122.55. Second resistance is the reaction high crossing at 123.68. First support is last-Thursday's low crossing at 118.57. Second support is November's crossing at 116.67. January Feeder cattle closed up $1.08 at $145.48. January Feeder cattle closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If January extends last week's decline, November's low crossing at 142.67 is the next downside target. Closes above the 10-day moving average crossing at 146.89 are needed to renew the rally off November's low. First resistance is the 50-day moving average crossing at 149.52. Second resistance is the reaction high crossing at 152.43. First support is Tuesday's low crossing at 143.13. Second support is November's low crossing at 142.67.
February gold posted an inside day with a lower close on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday'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 the rally off November's low, the 38% retracement level of the April-August-Decline crossing at 1259.00 is the next upside target. Closes below last-Wednesday's low crossing at 1216.80 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is October's high crossing at 1252.00. Second resistance is the 38% retracement level of the April-August-Decline crossing at 1259.00. First support is November's low crossing at 1202.40. Second support is October's low crossing at 1192.00. March silver closed higher on Wednesday. The mid-range close set the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 14.660 would confirm that a low has been posted. If March renews the decline off November's high, November's low crossing at 13.985 is the next downside target. First resistance is the reaction high crossing at 14.660. Second resistance is November's high crossing at 15.040. First support is November's low crossing at 13.985. Second support is weekly support crossing at 13.860. March copper closed slightly higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday'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 last-Tuesday's low crossing at 272.50 are needed to confirm that a short-term top has been posted. If March extends the rally off August's low, the 38% retracement level of the June-August-decline crossing at 289.43 is the next upside target. First resistance is the 38% retracement level of the June-August-decline crossing at 289.43. Second resistance is the July-5th gap crossing at 295.45. First support is November's low crossing at 266.20. Second support is August's low crossing at 260.00.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | AMD | Advanced Micro Devices, Inc | 21.11 | -0.32 | -1.49% | 125,209,689 | +90 |    | Entry Signal | | 2. | CRON | Cronos Group, Inc | 10.73 | +1.82 | +20.43% | 25,664,734 | +90 | | Entry Signal | | 3. | PFE | Pfizer, Inc | 45.165 | -0.825 | -1.81% | 20,020,247 | +90 | | Entry Signal | | 4. | ABX | Barrick Gold Corp | 13.140 | +0.150 | +1.15% | 18,002,444 | +90 | | Entry Signal | | 5. | PBR | Petroleo Brasileiro SA | 14.670 | -0.370 | -2.58% | 17,666,506 | +90 | | Entry Signal | | 6. | NBEV | New Age Beverages Corp | 4.57 | +0.15 | +3.39% | 12,516,116 | +90 | | Entry Signal | | 7. | GM | General Motors Co | 36.52 | -1.93 | -5.25% | 12,093,748 | +90 | | Entry Signal | | 8. | TSRO | TESARO, Inc | 73.76 | +27.99 | +61.15% | 11,883,455 | +90 | | Entry Signal | | 9. | NWL | Newell Brands, Inc | 23.52 | -0.65 | -2.73% | 10,456,475 | +90 | | Entry Signal | | 10. | MITL | Mitel Networks Corp | 11.145 | +0.005 | +0.04% | 7,879,528 | +90 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | ZN.H19 | 10 YEAR T-NOTES Mar 2019 | 120.093750 | +0.078125 | +0.07% | 2,375,431 | +100 | | Entry Signal | | 2. | ZF.H19 | 5 YEAR T-NOTES Mar 2019 | 113.210938 | +0.054688 | +0.05% | 1,386,559 | +100 | | Entry Signal | | 3. | TN.H19 | ULTRA 10 YEAR T-NOTES Mar 2019 | 127.625000 | +0.093750 | +0.07% | 319,674 | +100 | | Entry Signal | | 4. | GE.H21 | EURODOLLAR Mar 2021 | 97.085 | +0.020 | +0.02% | 159,607 | +100 | | Entry Signal | | 5. | GE.M21 | EURODOLLAR Jun 2021 | 97.105 | +0.020 | +0.02% | 152,999 | +100 | | Entry Signal | | 6. | GE.U21 | EURODOLLAR Sep 2021 | 97.115 | +0.020 | +0.02% | 148,443 | +100 | | Entry Signal | | 7. | GE.Z21 | EURODOLLAR Dec 2021 | 97.105 | +0.015 | +0.02% | 143,510 | +100 | | Entry Signal | | 8. | ZN.Z18 | 10 YEAR T-NOTES Dec 2018 | 120.171875 | +0.078125 | +0.07% | 122,618 | +100 | | Entry Signal | | 9. | ZS.F19 | SOYBEANS Jan 2019 | 911.25 | -0.50 | -0.06% | 96,592 | +100 | | Entry Signal | | 10. | GE.H22 | EURODOLLAR Mar 2022 | 97.110 | +0.015 | +0.02% | 70,815 | +100 | | Entry Signal | |
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