U.S. STOCK INDEXES The Dow posted a key reversal down and closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off October's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 37,778.18 would confirm that a short-term top has been posted. First resistance is today's high crossing at 38,588.86. Second resistance is unknown. First support is the 20-day moving average crossing at 37,778.18. Second support is the January 18th low crossing at 37,122.95. The March NASDAQ 100 closed lower for the second day in a row on Wednesday while posting a downside breakout of the trading range of the previous five-days. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the rally off October's low into uncharted territory, upside target will be hard to project. Closes below the 20-day moving average crossing at 17,158.20 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 17,793.50. Second resistance is unknown. First support is the 20-day moving average crossing at 17,158.05. Second support is the 50-day moving average crossing at 16,792.18. The March S&P 500 was lower on Wednesday. The low-range close sets the stage for a steady to slightly higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off October's low, the next projected upside target is around 4981.00. Closes below the 20-day moving average crossing at 4841.71 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at 4957.25. Second resistance is projected around 4981.00. First support is the 10-day moving average crossing at 4900.75. Second support is the 20-day moving average crossing at 4841.71. 
This is a paid advertisement. This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to INO.com users . INO is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of INO, and INO disclaims any liability for or arising from such statements and opinions. You are hereby advised that INO is receiving a fee as compensation for the distribution of this advertisement. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation. | |
没有评论:
发表评论