Summary The Dow Future has slid 29 points to 30084. The US Dollar Index rose 0.107 points to 90.123. Gold is declining 22.585 dollars to 1876.700. Silver is trending lower 0.5450 dollars to 26.1890. The Dow Industrials trended higher 37.40 points, at 30216.45, while the S&P 500 trended lower by 14.49 points, last seen at 3694.92. The Nasdaq Composite fell 13.12 points to 12742.52. Streaming charts of these markets are available at MarketClub
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The March Dollar closed higher on Monday as it consolidates some of the decline off September's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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 this year's decline, monthly support crossing at 88.15 is the next downside target. Closes above the 20-day moving average crossing at 90.89 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 90.89. Second resistance is the 50-day moving average crossing at 92.16. First support is last-Thursday's low crossing at 89.64. Second support is monthly support crossing at 88.15. The March Euro closed lower on Monday as it consolidated some of the rally off March's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 62% retracement level of the 2018-2020-decline crossing at 125.39 is the next upside target. Closes below the 20-day moving average crossing at 121.22 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 123.04. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 125.39. First support is the 10-day moving average crossing at 122.02. Second support is the 20-day moving average crossing at 121.22. The March British Pound closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at 1.3218 would open the door for additional weakness and a possible test of November's low crossing at 1.2876. First resistance is last-Thursday's high crossing at 1.3643. Second resistance is the February-2019 high crossing at 1.3728. First support is the 50-day moving average crossing at 1.3218. Second support is November's low crossing at 1.2876. The March Swiss Franc closed slightly lower on Monday as it consolidates some of this month's rally. The high-range close sets the stage for a steady to higher opening when Tuesday'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 this month's rally, the September-2019 high crossing at 1.1408 is the next upside target. Closes below the 20-day moving average crossing at 1.1225 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 1.1371. Second resistance is the September-2019 high crossing at 1.1408. First support is the 20-day moving average crossing at 1.1225. Second support is the 50-day moving average crossing at 1.1101. The March Canadian Dollar closed lower on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 20-day moving average crossing at 77.84 would confirm that a short-term top has been posted. If March extends the rally off October's low, the October-2018 high crossing at 79.09 is the next upside target. First resistance is last-Thursday's high crossing at 78.87. Second resistance is the October-2018 high crossing at 79.09. First support is the 20-day moving average crossing at 77.84. Second support is the 50-day moving average crossing at 76.81. The March Japanese Yen closed unchanged on Monday as it consolidates below the 75% retracement level of March's decline crossing at 0.0971. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 0.0963 would signal that a short-term top has been posted. If March extends the rally off November's low, the 87% retracement level of March's decline crossing at 0.0981 is the next upside target. First resistance is last-Thursday's high crossing at 0.0974. Second resistance is the 87% retracement level of March's decline crossing at 0.0981. First support is the 20-day moving average crossing at 0.0963. Second support is the 50-day moving average crossing at 0.0959.
February crude oil closed lower on Monday as it consolidated some the rally off November's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins. 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 62% retracement level of the 2018-2020-decline crossing at $52.41 is the next upside target. Closes below the 20-day moving average crossing at $46.35 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $49.43. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $52.41. First support is the 20-day moving average crossing at $46.35. Second support is December's low crossing at $44.10. February heating oil closed lower on Monday as it consolidated some of the rally off November's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night trading session begins. 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 38% retracement level of the 2018-2020-decline crossing at $152.86 is the next upside target. Closes below the 20-day moving average crossing at $141.92 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $151.88. Second resistance is the 38% retracement level of the 2018-2020-decline crossing at $152.86. First support is the 20-day moving average crossing at $141.92. Second support is December's low crossing at $134.29. February unleaded gas closed lower on Friday as it consolidated some of the rally off November's low. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 62% retracement level of the 2018-2020-decline crossing at $152.11 is the next upside target. Closes below the 20-day moving average crossing at $129.33 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $139.69. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at $152.11. First support is the 20-day moving average crossing at 126.33. Second support is the 50-day moving average crossing at $119.84. February Henry natural gas closed slightly lower on Monday as it extends last-week's trading range. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 2.682 are needed to confirm that a short-term low has been posted. If February renews the decline off November's high, weekly support crossing at 2.179 is the next downside target. First resistance is the 20-day moving average crossing at 2.682. Second resistance is the 38% retracement level of the October-December-decline crossing at 2.797. First support is December's low crossing at 2.393. Second support is weekly support crossing at 2.179.
March coffee closed higher on Monday as it consolidates some of the rally off November's low. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 12.11 are needed to confirm that a short-term top has been posted. If March extends the rally off November's low, the 87% retracement level of the September-November decline crossing at 13.17 is the next upside target. March cocoa posted a key reversal up as it closed higher on Monday as it consolidates some of the decline off November's high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but are poised to turn neutral to bullish with additional strength that would signal that a low might be in or is near. Closes above the 20-day moving average crossing at 26.31 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 24.99 would open the door for a larger-degree decline. March sugar closed higher on Monday. The high-range close set the stage for a steady to higher opening on Tuesday. 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 15.07 would confirm that a short-term low has been posted. If March extends the decline off November's high, the October 30th low crossing at 13.94 is the next downside target. March cotton closed sharply lower on Monday as it consolidates some of this year's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 April's low, the July-2018 high crossing at 79.56 is the next upside target. Closes below the 20-day moving average crossing at 73.59 would confirm that a short-term top has been posted.
March Corn closed up $0.02 1/2-cents at $4.40. March corn closed higher on Monday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening when Tuesday's night sessions begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off April's low, weekly resistance marked by the June-2016 high crossing at $4.43 1/2 is the next upside target. Closes below the 50-day moving average crossing at $4.19 1/4 would signal that a short-term top has been posted. First resistance is the June-2016 high crossing at $4.43 1/2. Second resistance is the June-2019 high on the weekly chart crossing at $4.64 1/4. First support is the December 2nd low crossing at $4.14 1/2. Second support is the October 29th low crossing at $3.96. March wheat closed up $0.03-cents at $6.11 1/4. March wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off last-Monday's low, November's high crossing at $6.28 3/4 is the next upside target. Closes below the 20-day moving average crossing at $5.95 1/4 would signal that a short-term top has been posted. First resistance is the November 25th high crossing at $6.22 3/4. Second resistance is November's high crossing at $6.28 3/4. First support is the 50% retracement level of the June-November-rally crossing at $5.71. Second support is the 62% retracement level of the June-October-rally crossing at $5.55. March Kansas City Wheat closed up $0.05 1/4-cents at $5.74 1/2. March Kansas City wheat closed higher on Friday. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes this month's rally, the 87% retracement level of the 2018-2020 decline crossing at $6.12 is the next upside target. Closes below the 20-day moving average crossing at $5.58 would signal that a short-term top has been posted. First resistance is the 75% retracement level of the 2018-2020 decline crossing at crossing at $5.87 1/4. Second resistance is the 87% retracement level of the 2018-2020 decline crossing at $6.12. First support is the 20-day moving average crossing at $5.58. Second support is December's low crossing at $5.30 3/4. March Minneapolis wheat closed up $0.01 3/4-cents at $5.70 1/4. March Minneapolis wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible. If March extends last-week's rally, November's high crossing at $5.86 is the next upside target. Closes below the 20-day moving average crossing at crossing at $5.59 1/4 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at crossing at $5.74. Second resistance is November's high crossing at $5.86. First support is the 20-day moving average crossing at crossing at $5.59 1/4. Second support is December's low crossing at $5.42 1/2. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " March soybeans closed up $0.23 1/2-cents at $12.47 1/2. March soybeans closed higher on Monday as it extends the rally off last-March's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 this year's rally, the 50% retracement level of the 2012-2019-decline on the monthly chart crossing at $12.89 1/2 is the next upside target. Closes below the 20-day moving average crossing at $11.81 would signal that a short-term top has been posted while opening the door for a possible test of the 50-day moving average crossing at $11.25 1/2. First resistance is today's high crossing at $12.48 3/4. Second resistance is the 50% retracement level of the 2012-2019-decline on the monthly chart crossing at $12.89 1/2. First support is the 20-day moving average crossing at $11.81. Second support is the 50-day moving average crossing at $11.25 1/2. March soybean meal closed up $7.00 to $412.30. March soybean meal closed higher on Monday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off August's low, monthly resistance crossing at $432.50 is the next upside target. Closes below the 50-day moving average crossing at $377.60 would confirm that a short-term top has been posted. First resistance is today's high crossing at $412.70. Second resistance is monthly resistance crossing at $432.50. First support is the 20-day moving average crossing at $389.80. Second support is the 50-day moving average crossing at $377.60. March soybean oil closed down 18-pts. at 39.49. March soybean oil closed lower on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 October's low, monthly resistance crossing at 41.25 is the next upside target. Closes below the 20-day moving average crossing at 38.10 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 39.86. Second resistance is monthly resistance crossing at 41.25. First support is the 20-day moving average crossing at 38.10. Second support is the 50-day moving average crossing at 36.03.
The Dow posted an upside reversal as it closed higher on Monday while extending this month's trading range. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 30,013.57 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 30,343.59. Second resistance is unknown. First support is the 20-day moving average crossing at 30,013.57. Second support is the November 12th low crossing at 28,902.13. The March NASDAQ 100 closed lower on Monday as it consolidates some of the rally off September's low. The high-range close sets the stage for a steady to slightly higher opening when Tuesday'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 12,445.01 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 12,445.01. Second support is the 50-day moving average crossing at 12,014.39. The March S&P 500 closed lower on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 3656.98 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 20-day moving average crossing at 3656.98. Second support is the 50-day moving average crossing at 3538.19.
March T-bonds closed up 17/32's at 172-21. March T-bonds closed higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off the November 20th high, November's low crossing at 170-22 is the next downside target. Closes above the 50-day moving average crossing at 174-01 would confirm that a low has been posted while opening the door for a possible test of November's high crossing at 177-06. First resistance is the 50-day moving average crossing at 174-01. Second resistance is November's high crossing at 177-06. First support is the December 4th low crossing at 171-04. Second support is November's low crossing at 170-22. March T-notes closed up 25-pts. at 137.265. March T-notes closed higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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-Wednesday's low crossing at 137.195 would temper the near-term friendly outlook. Closes above the reaction high crossing at 138.070 would open the door for a possible test of November's high crossing at 138.300. First resistance is the reaction high crossing at 138.070. Second resistance is November's high crossing at 138.300. First support is the December 4th low crossing at 137.075. Second support is November's low crossing at 136.265.
February hogs closed up $0.20 at $66.00. February hogs closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday'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 50-day moving average crossing at $66.90 would confirm that a short-term low has been posted. If February resumes this month's decline, November's low crossing at $62.75 is the next downside target. First resistance is the 20-day moving average crossing at $66.40. Second resistance is the 50-day moving average crossing at $66.90. First support is November's low crossing at $62.75. Second support is September's crossing at $61.55. February cattle closed down $0.60 at $114.25 February cattle closed lower on Monday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends this week's rally, November's high crossing at $115.45 is the next upside target. Closes below the 50-day moving average crossing at $111.88 would signal that a short-term top has been posted. If First resistance is today's high crossing at $115.20. Second resistance is November's high crossing at $115.45. First support is the December 8th low crossing at $110.55. Second support is the November 20th low crossing at $109.00. March Feeder cattle closed up $0.70 at $143.00. March Feeder cattle closed higher on Monday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 October's low, August's high crossing at $145.30 is the next upside target. Closes below the 20-day moving average crossing at $140.03 would signal that a short-term top has been posted. First resistance is today's high crossing at $143.38. Second resistance is August's high crossing at $145.30. First support is the 20-day moving average crossing at $140.03. Second support is the December 7th low crossing at $137.25.
February gold posted a key reversal down and closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday'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, November's high crossing at $1973.30 is the next upside target. Closes below the 20-day moving average crossing at $1843.00 would signal that a short-term top has been posted. First resistance is the November 16th high crossing at $1904.30. Second resistance is November's high crossing at $1973.30. First support is last-Monday's low crossing at $1820.00. Second support is November's low crossing at $1767.20. March silver closed higher on Monday as it extended the rally off November's low. The mid-range close sets the stage for a steady to higher opening when Tuesday'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 November's high crossing at 26.270 opens the door for a possible test of the September 15th high crossing at 28.015. Closes below the reaction low crossing at 23.630 would signal that a short-term top has been posted. First resistance is today's high crossing at 27.635. Second resistance is the September 15th high crossing at 28.015. First support is the reaction low crossing at 23.630. Second support is November's low crossing at 21.960. March copper closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 March's low, monthly resistance crossing at 379.25 is the next upside target. Closes below the 20-day moving average crossing at 349.59 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 364.46. Second resistance is monthly resistance crossing at 379.25. First support is the 20-day moving average crossing at 349.59. Second support is the 50-day moving average crossing at 327.78.
| Top Stocks | # | symbol | name | last | net | % | volume | score | triangles | | 1. | FEYE | FireEye, Inc | 20.2884 | +1.0584 | +7.42% | 49,472,419 | +100 | | Entry Signal | 2. | WBAI | 500. COM Ltd | 3.81 | +1.12 | +39.16% | 46,073,042 | +90 | | Entry Signal | 3. | EYEG | Eyegate Pharmaceuticals, Inc | 5.20 | +1.63 | +48.37% | 43,993,947 | +90 | | Entry Signal | 4. | C | Citigroup, Inc | 61.23 | +2.17 | +4.99% | 29,001,690 | +90 | | Entry Signal | 5. | PIC | Pivotal Investment Corporation II | 19.51 | +4.19 | +41.53% | 21,727,015 | +100 | | Entry Signal | 6. | IPOC | Social Capital Hedosophia Holdings Corp. III | 13.25 | +1.17 | +11.71% | 19,186,131 | +90 | | Entry Signal | 7. | AJRD | Aerojet Rocketdyne Holdings, Inc | 52.76 | +10.72 | +31.53% | 16,533,391 | +100 | | Entry Signal | 8. | ZNGA | Zynga, Inc | 9.875 | -0.065 | -0.68% | 15,399,426 | +90 | | Entry Signal | 9. | VLDR | Velodyne Lidar, Inc. | 24.705 | +4.635 | +36.18% | 15,101,423 | +100 | | Entry Signal | 10. | ORCL | Oracle Corp | 64.55 | -0.51 | -0.90% | 14,061,763 | +90 | | Entry Signal | | | Top Futures | # | symbol | name | last | net | % | volume | score | triangles | | 1. | ZS.F21 | SOYBEANS Jan 2021 | 1243.00 | +23.00 | +2.12% | 109,592 | +100 | | Entry Signal | 2. | GE.U21 | EURODOLLAR Sep 2021 | 99.820 | -0.005 | -0.01% | 56,806 | +100 | | Entry Signal | 3. | ZM.N21 | SOYBEAN MEAL Jul 2021 | 407.6 | +8.1 | +2.26% | 11,334 | +100 | | Entry Signal | 4. | QBZ.H21 | BRENT CRUDE OIL LAST DAY Mar 2021 | 52.20 | +0.64 | +1.22% | 10,724 | +90 | | Entry Signal | 5. | QBZ.M21 | BRENT CRUDE OIL LAST DAY JUNE 2021 | 50.25 | -1.90 | -3.64% | 10,404 | +100 | | Entry Signal | 6. | QBZ.J21 | BRENT CRUDE OIL LAST DAY APRIL 2021 | 50.99 | -1.26 | -2.41% | 8,268 | +100 | | Entry Signal | 7. | QCL.U21 | CRUDE OIL SEPTEMBER 2021 | 47.56 | -1.33 | -2.72% | 6,876 | +90 | | Entry Signal | 8. | QCL.M21 | CRUDE OIL Jun 2021 | 47.98 | -1.35 | -2.74% | 6,604 | +90 | | Entry Signal | 9. | QRB.J21 | RBOB GASOLINE Apr 2021 | 1.4635 | -0.0570 | -3.75% | 6,570 | +90 | | Entry Signal | 10. | RP.H21 | EURO/BRITISH POUND Mar 2021 | 0.9103 | +0.0024 | +0.26% | 5,126 | +100 | | Entry Signal | | All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. Please see our user agreement. Copyright 2020 INO.com. All Rights Reserved. | |
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