S&P 500
2750.79
-16.34 -0.59%
Dow Indu
25250.55
-89.44 -0.35%
Nasdaq
7430.63
-66.26 -0.89%
Crude Oil
71.16
-0.62 -0.86%
Gold
1228.395
+1.280 +0.10%
Euro
1.157465
-0.001105 -0.10%
US Dollar
95.017
-0.023 -0.02%
Weak

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 December NASDAQ 100 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 oversold and are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 7472.41 are needed to confirm that a short-term low has been posted. If December extends the decline off October's high, the 62% retracement level of the February-October-rally crossing at 6898.35. First resistance is the 10-day moving average crossing at 7344.00. Second resistance is October's high crossing at 7728.75. First support is last-Thursday's low crossing at 6907.75. Second support is the 62% retracement level of the February-October-rally crossing at 6898.35.

The December S&P 500 closed lower on Tuesday as it extends the decline off October'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 and are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 2885.94 would confirm that a short-term low has been posted. If December extends the decline off October's high, the 62% retracement level of the April-September-rally crossing at 2720.80 is the next downside target. First resistance is the 10-day moving average crossing at 2848.80. Second resistance is September's high crossing at 2945.50. First support is the 62% retracement level of the April-September-rally crossing at 2720.80. Second support is the 75% retracement level of the April-September-rally crossing at 2672.69.

The Dow 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 turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 26,293.93 are needed to confirm that a short-term top has been posted. If the Dow extends the decline off October's high, the 62% retracement level of the April-September-rally crossing at 24,721.54 is the next downside target. First resistance is the 50-day moving average crossing at 25,985.51. Second resistance is the 20-day moving average crossing at 26,293.93. First support is last-Thursday's low crossing at 24,899.77. Second support is the 62% retracement level of the April-September-rally crossing at 24,721.54.

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