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U.S. STOCK INDEXES

The March NASDAQ 100 closed higher on Friday as it extends this week's rally to a new contract high. The mid-range close sets the stage for a steady to higher opening when Monday'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 March extends this year's rally, upside targets will be hard to project. Closes below the 20-day moving average crossing at 8379.67 would temper the near-term friendly outlook. First resistance is today's high crossing at 8549.00. Second resistance is unknown. First support is the 20-day moving average crossing at 8379.67. Second support is the 50-day moving average crossing at 8173.94.

The March S&P 500 closed slightly higher on Friday as it extends this year's rally to a new contract high. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3131.66 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3186.70. Second resistance is unknown. First support is the 20-day moving average crossing at 3131.66. Second support is the 50-day moving average crossing at 3059.66.

The Dow closed slightly higher on Friday. The U.S. and China indicated today that they have a phase one trade deal but it has not be signs as of yet. Details are scarce, which means trade issues could continue to rattle the markets. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are 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 10-day moving average crossing at 27,859.76 would confirm that a short-term top has been posted. First resistance is today's high crossing at 28,290.73. Second resistance is unknown. First support is the 10-day moving average crossing at 27,859.76. Second support is the 50-day moving average crossing at 27,412.60.