U.S. STOCK INDEXES The Dow posted an inside day with a lower close on Tuesday while extending this month's trading range. Worries by investors about a new strain of COVID-19 and the impact of lockdowns in the U.K. and other countries weighed on the Dow today. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought, diverging and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 29,755.53 would signal that a short-term top has been posted. If the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is last-Friday's high crossing at 30,343.59. Second resistance is unknown. First support is Monday's low crossing at 29,755.53. Second support is the November 12th low crossing at 28,902.13. The March NASDAQ 100 posted an inside day with a higher close on Tuesday. The high-range close sets the stage for a steady to slightly higher opening when Wednesday'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 September's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 12,484.28 are needed to confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 12,789.75. Second resistance is unknown. First support is the 20-day moving average crossing at 12,484.28. Second support is the 50-day moving average crossing at 12,026.68. The March S&P 500 closed lower on Monday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the reaction low crossing at 3636.00 would confirm that a short-term top has been posted. If March extends the rally off November's low into uncharted territory, upside targets will be hard to project. First resistance is last-Friday's high crossing at 3720.00. Second resistance is unknown. First support is the reaction low crossing at 3636.00. Second support is the 50-day moving average crossing at 3542.58. 
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