S&P 500
2747.30
+43.34 +1.60%
Dow Indu
25309.99
+347.51 +1.39%
Nasdaq
7337.14
+127.05 +1.73%
Crude Oil
63.58
+0.81 +1.29%
Gold
1328.875
+0.465 +0.03%
Euro
1.22945
0.00000 0.00%
US Dollar
89.897
+0.181 +0.20%
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U.S. STOCK INDEXES

The March NASDAQ 100 closed higher on Friday as it ended this week's trading range on a high-note. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off February's low, January's high crossing at 7047.25 is the next upside target. Closes below the 50-day moving average crossing at 6668.86 would temper the near-term friendly outlook. First resistance is Wednesday's high crossing at 6885.50. Second resistance is January's high crossing at 7047.25. First support is the 50-day moving average crossing at 6668.86. Second support is the 38% retracement level of the 2017-2018-rally crossing at 6217.75.

The March S&P 500 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 remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last Friday's high crossing at 2753.50 are needed to confirm that a short-term low has been posted while opening the door for additional gains near-term. Closes below Thursday's low crossing at 2684.00 would temper the near-term friendly outlook. First resistance is last Friday's high crossing at 2753.50. Second resistance is the reaction high crossing at 2839.00. First support is Thursday's low crossing at 2684.00. Second support is the 38% retracement level of the 2016-2018-rally crossing at 2529.20.

The Dow closed higher on Friday as it ended the week on a high note despite concerns about rising bond yields and the re-emergence of long-stagnant inflation. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last Friday's high crossing at 25,432.42 are needed to confirm that a short-term low has been posted. Closes below the 10-day moving average crossing at 24,859.05 would temper the near-term friendly outlook. First resistance is last Friday's high crossing at 25,432.42. Second resistance is the reaction high crossing at 26,338.03. First support is the 10-day moving average crossing at 24,859.05. Second support is February's low crossing at 23,360.29.

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