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Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 24260.57 +194.98 +0.83%
NASDAQ COMPOSITE INDEX (COMBINED) 7047.98 +24.15 +0.35%
S&P 500 CASH 2622.17 +11.87 +0.47%
SPDR S&P 500 261.5900 +1.2400 +0.49%
iShares Russell 2000 ETF 144.5800 +1.1300 +0.81%
U.S. STOCK INDEXES https://quotes.ino.com/exchanges/?c=indexes

The March NASDAQ 100 was slightly higher in overnight trading as it extends the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 6660.54 would open the door for additional gains near-term. Closes below the 20-day moving average crossing at 6400.48 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 6660.54. Second resistance is the 50% retracement level of the October-December-decline crossing at 6787.66. First support is the 20-day moving average crossing at 6400.48. Second support is the reaction low crossing at 6136.50.

The March S&P 500 was higher overnight as it extends the rally off December's low. 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 December's low, the 50% retracement level of the September-December-decline crossing at 2631.97 is the next upside target. Closes below the 20-day moving average crossing at 2519.69 would confirm that a short-term top has been posted. First resistance is the the 50% retracement level of the September-December-decline crossing at 2631.97. Second resistance is the reaction high crossing at 2683.00. First support is the reaction low crossing at 2439.00. Second support is December's low crossing at 2317.70.



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