U.S. STOCK INDEXESThe June NASDAQ 100 was higher overnight as it consolidates some of last week's decline. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at 4384.15 are needed to confirm that a short-term low has been posted. If June extends last week's decline, the 38% retracement level of the October-March-rally crossing at 4189.49 is the next downside target. First resistance is the 10-day moving average crossing at 4384.15. Second resistance is the reaction high crossing at 4472.25. Third resistance is March's high crossing at 4476.50. First support is last Thursday's low crossing at 4270.00. Second support is the 38% retracement level of the October-March-rally crossing at 4189.49. The June S&P 500 was higher due to short covering overnight as it consolidates some of last week's decline. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at 2073.63 are needed to confirm that a short-term low has been posted. Closes below the mid-March low crossing at 2031.50 would confirm that a double top has been posted while opening the door for a possible test of the 38% retracement level of the October-February-rally crossing at 2001.39 later this spring. First resistance is the 10-day moving average crossing at 2073.63. Second resistance is last Monday's high crossing at 2106.70. First support is the mid-March's low crossing at 2031.50. Second support is the 38% retracement level of the October-February-rally crossing at 2001.39.
| Thank you! This is an invitation and market update from INO.com. These messages allow us to share all of our free trading tools and services with you. If you would prefer not to receive this INO.com email, please visit: http://www.ino.com/email/stop/offers/2563B0.html. If you want to subscribe to our other email services, or would like to modify your profile please visit our email services page. | 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 CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement 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 MarketClub 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. | |
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U.S. STOCK INDEXESThe March NASDAQ 100 was slightly higher overnight as it extends the rally off January's low. 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 January's low, monthly resistance crossing at 4417.00 is the next upside target. Closes below the 20-day moving average crossing at 4258.06 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 4390.50. Second resistance is monthly resistance crossing at 4417.00. First support is the 10-day moving average crossing at 4312.57. Second support is February's low crossing at 4258.06. The March S&P 500 was steady to slightly higher overnight as it extends this month's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. March has broke out above December's high and is now trading in uncharted territory making upside targets hard to project. Closes below the 20-day moving average crossing at 2047.32 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 2098.30. Second resistance is unknown. First support is the 10-day moving average crossing at 2067.82. Second support is the 20-day moving average crossing at 2047.32.
| Thank you! This is an invitation and market update from INO.com. These messages allow us to share all of our free trading tools and services with you. If you would prefer not to receive this INO.com email, please visit: http://www.ino.com/email/stop/offers/2563B0.html. If you want to subscribe to our other email services, or would like to modify your profile please visit our email services page. | 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 CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement 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 MarketClub 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. | |
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