S&P 500
2850.13
+9.44 +0.33%
Dow Indu
25669.32
+110.59 +0.43%
Nasdaq
7814.34
+7.82 +0.10%
Crude Oil
65.19
+0.31 +0.48%
Gold
1184.680
+8.035 +0.68%
Euro
1.144750
+0.006875 +0.60%
US Dollar
96.132
-0.467 -0.60%
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 https://quotes.ino.com/ex?changes/?c=indexes 

The September NASDAQ 100 closed slightly 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the late-July low crossing at 7166.75 are needed to confirm that a short-term top has been posted. If September renews the rally off April's low, July's high crossing at 7530.00 is the next upside target. First resistance is July's high crossing at 7530.00. Second resistance is unknown. First support is the late-July's low crossing at 7166.75. Second support is June's low crossing at 6956.00.

The September 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 are neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes this summer's rally, January's high crossing at 2885.00 is the next upside target. Closes below the 50-day moving average low crossing at 2794.81 would confirm that a short-term top has been posted. First resistance is August's high crossing at 2863.00. Second resistance is January's high crossing at 2885.00. First support is the 50-day moving average crossing at 2794.81. Second support is the reaction low crossing at 2766.70.

The Dow posted its highest close since February on Friday as it extended the rally off April's low. However, lingering worries about Turkey's fiscal health and China's wobbly economy kept today's rally in check. 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 the Dow extends the rally off April's low, the late-February high crossing at 25,800.35 is the next upside target. Closes below the 50-day moving average crossing at 25,020.95 would confirm that an important top has been posted while opening the door for a larger-degree decline for the balance of August. First resistance is the late-February's high crossing at 25,800.35. Second resistance is January's high crossing at 26,616.71. First support is the 50-day moving average crossing at 25,020.95. Second support is the reaction low crossing at 24,663.82.

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