S&P 500
2452.51
+24.14 +0.98%
Dow Indu
21899.89
+196.14 +0.90%
Nasdaq
6297.05
+83.92 +1.33%
Crude Oil
47.67
-0.16 -0.34%
Gold
1286.350
+2.110 +0.16%
Euro
1.178335
+0.002085 +0.18%
US Dollar
93.436
-0.055 -0.06%
Strong

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

U.S. STOCK INDEXES

The September NASDAQ 100 closed sharply higher on Tuesday as it consolidates some of the decline off August's high. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. 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 5884.09 confirmed that a short-term low has been posted. If September resumes the decline off July's high the 62% retracement level of July's rally crossing at 5726.15 is the next downside target. First resistance is the reaction high crossing at 5972.75. Second resistance is July's high crossing at 5995.75. First support is the 50% retracement level of July's rally crossing at 5777.54. Second support is the 62% retracement level of July's rally crossing at 5726.15.

The September S&P 500 closed sharply higher on Tuesday as it consolidated some of this month's decline. The high-range close sets the stage for a steady to higher opening when Wednesday'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 2460.08 would confirm that a short-term low has been posted. If September renews the decline off August's high, the 50% retracement level of the April-August-rally crossing at 2408.87 is the next downside target. First resistance is last Wednesday's high crossing at 2472.50. Second resistance is August's high crossing at 2487.50. First support is the 50% retracement level of the April-August-rally crossing at 2408.87. Second support is the 62% retracement level of the April-August-rally crossing at 2390.32.

The Dow closed higher on Tuesday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening when Wednesday'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 last Wednesday's high crossing at 22,085.71 would confirm that a short-term low has been posted. Closes below the 50-day moving average crossing at 21,643.41 would open the door for additional weakness near-term. First resistance is last Wednesday's high crossing at 22,085.71. Second resistance is August's high crossing at 22,179.11. First support is the 50-day moving average crossing at 21,643.41. Second support is the reaction low crossing at 21,496.13.

© Copyright INO.com, Inc. All Rights Reserved.