Summary
The Dow Future has advanced 278 points to 33977. The US Dollar Index dropped 0.130 points to 95.948. Gold has slid 10.215 dollars to 1897.795. Silver is trending lower 0.1355 dollars to 24.0355. The Dow Industrials fell 232.85 points, at 34079.18, while the S&P 500 trended lower by 31.39 points, last seen at 4348.87. The Nasdaq Composite eased 168.65 points to 13548.07. Streaming charts of these markets are available at MarketClub
Key Events for Tuesday
N/A U.S. Presidents Day / Washington's Birthday. Financial markets closed
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" EURO CURRENCY The March Euro currency futures are firmer in early U.S. trading. Bears have the overall near-term technical advantage. The shorter-term moving averages for the Euro are neutral early today, as the 4-day is below the 9-day. The 9-day is above the 18-day moving average. Short-term oscillators for the Euro are neutral early today. The Euro currency finds shorter-term technical resistance at last week's high of 1.1402 and then at 1.1450. Shorter-term support is seen at last week's low of 1.1287 and then at 1.1250. Wyckoff's Intra Day Market Rating: 5.5
NYMEX CRUDE OIL March Nymex crude oil prices are solidly higher and hit a 7.5-year high in early U.S. trading. Bulls have the solid overall near-term technical advantage. The shorter-term moving averages are bullish early today as the 4-day is above the 9-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI and slow stochastics) are neutral to bullish today. Look for buy stops to reside just above technical resistance at the overnight high of $96.00 and then at $97.50. Look for sell stops just below technical support at $92.50 and then at $90.00. Wyckoff's Intra-Day Market Rating: 6.5
May coffee closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to higher prices are possible near-term. Closes below the 50-day moving average crossing at 238.11 would confirm that a short-term top has been posted. If May renews the rally off January's low, monthly resistance on the continuation chart crossing at 280.94 signal is the next upside target. May cocoa closed lower for the sixth-day in a row on Friday as it extended the decline off last-Friday's high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends this week's decline, the 50-day moving average crossing at 26.00 is the next downside target. Closes above the 10-day moving average crossing at 27.27 would signal that a short-term low has been posted. May sugar closed slightly lower on Friday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 18.27 would confirm that a short-term low has been posted. If May renews the decline off January's high, January's low crossing at 17.39 is the next downside target. May cotton closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the aforementioned decline, the January 24th low crossing at 116.72 is the next downside target. Closes above the 10-day moving average crossing at 121.85 would signal that a short-term low has been posted.
| Sponsor Message | 7 Best Stocks for the Next 30 Days
Free from Zacks Investment Research This Special Report highlights the 7 stocks predicted to jump the highest from 220 Zacks Rank #1 Strong Buys. The Strong Buys list has more than doubled the market for over 30 years. You'll also get in-depth commentary every morning to help you trade like a pro. |
U.S. grain futures are higher in early U.S. pre-market trading. Grain markets are seeing price gains on the uncertainty regarding the Russia-Ukraine conflict. Russia and Ukraine are major global wheat producers. Grain market bulls have the overall near-term technical advantage. On tap today is the weekly USDA export inspections report.
U.S. STOCK INDEXES March S&P 500 e-mini futures: Prices are slightly lower and hit a four-week low in early U.S. trading. Prices are trending lower on the daily bar chart. The shorter-term moving averages (4-, 9- and 18-day) are bearish early today. The 4-day moving average is below the 9-day and 18- day. The 9-day is below the 18-day moving average. Short- term oscillators (RSI, slow stochastics) are bearish early today. Today, shorter-term technical resistance comes in at the overnight high of 4,391.25 and then at 4,425.00. Support for active traders is seen at 4,321.00 and then at 4,300.00. Wyckoff's Intra-day Market Rating: 4.5 March Nasdaq index futures: Prices are lower in early U.S. trading and hit an eight-month low overnight. Shorter-term moving averages (4- 9-and 18-day) are bearish early today. The 4-day moving below the 9-day and 18-day. The 9-day average is below the 18-day. Short-term oscillators (RSI, slow stochastics) are bearish early today. Shorter-term technical resistance is seen at the overnight high of 14,157.50 and then at 14,300.00. On the downside, shorter- term support is seen at 14,706.00 and then at the overnight low of 13,580.25. Wyckoff's Intra-Day Market Rating: 4.0.
U.S. TREASURY BONDS AND NOTES FUTURES March U.S. T-Bonds: Prices are slightly down in early U.S. trading. Bears still have the solid overall near-term technical advantage. Shorter-term moving averages (4- 9- 18-day) are neutral early today. The 4-day moving average is above the 9-day. The 9-day is below the 18-day moving average. Oscillators (RSI, slow stochastics) are neutral early today. Shorter-term technical resistance is seen at 153 16/32 and then at 154 even. Shorter-term support lies at the overnight low of 152 17/32 and then at 152 even. Wyckoff's Intra-Day Market Rating: 4.5 March U.S. T-Notes: Prices are lower in early U.S. trading. Shorter-term moving averages (4- 9- 18-day) are neutral early today. The 4-day moving average is above the 9-day. The 9-day is below the 18-day moving average. Oscillators (RSI, slow stochastics) are neutral early today. Shorter- term resistance lies at 126.25.5 and then at 127.00.0. Shorter-term technical support lies at 126.07.0 and then at 126.00.0. Sell stops likely reside just below those levels. Wyckoff's Intra-Day Market Rating: 4.0
April hogs closed up $1.83 at $109.40. April hogs closed higher on Friday as it extends the rally off last-October's low. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 April extends the rally off October's low, monthly resistance on the continuation chart crossing at $110.53 is the next upside target. Closes below the 20-day moving average crossing at $100.68 would signal that a short-term top has been posted. First resistance is today's high crossing at $109.83. Second resistance is monthly resistance on the continuation chart crossing at $110.53. First support is the 10-day moving average crossing at $104.41. Second support is the 20-day moving average crossing at $100.68. April cattle closed down $0.90 at $145.87 April cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Tuesday's low crossing at $145.27 would confirm that a short-term top has been posted. If April renews the rally off January's low, the 87% retracement level of the 2014-2020-decline on the monthly continuation chart crossing at $159.54 is the next upside target. First resistance is last-Thursday's high crossing at $148.70. Second resistance is the 87% retracement level of the 2014-2020-decline on the monthly continuation chart crossing at $159.54. First support is last-Tuesday's low crossing at $145.27. Second support is the 20-day moving average crossing at $145.17. April Feeder cattle closed down $0.30 at $170.85. April feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $169.27 would signal that a short-term top has been posted. If April renews the rally off January's low, weekly resistance on the weekly continuation chart crossing at $174.84 is the next upside target. First resistance is last-Thursday crossing at $173.97. Second resistance is weekly resistance on the weekly continuation chart crossing at $174.84. First support is the 50-day moving average crossing at $169.27. Second support is January's low crossing at $163.90.
April gold closed lower on Friday as it consolidated some of the rally off December's low due to profit taking ahead of the three-day weekend. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 April extends the rally off January's low, last-May's high crossing at $1922.40 is the next upside target. Closes below the 20-day moving average crossing at $1834.80 would signal that a short-term top has been posted. First resistance is today's high crossing at $1905.00. Second resistance is last-May's high crossing at $1922.40. First support is the 10-day moving average crossing at $1856.20. Second support is the 20-day moving average crossing at $1834.80. March silver closed higher on Friday as it extends the rally off February's low. The high-range close sets the stage for a steady to higher opening when Tuesday'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 February's low, January's high crossing at 24.755 is the next upside target. Closes below the 50-day moving average crossing at 23.001 would signal that a short-term top has been posted. First resistance is today's high crossing at 24.115. Second resistance is January's high crossing at 24.755. First support is the 50-day moving average crossing at 23.001. Second support is January's low crossing at 21.945. March copper closed slightly higher on Friday. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 443.08 would signal that a short-term top has been posted. If March resumes the rally off December's low, last-October's high crossing at 477.70 is the next upside target. First resistance is last-Thursday's high crossing at 470.85. Second resistance is last-October's high crossing at 477.70. First support is the 50-day moving average crossing at 443.08. Second support is January's low crossing at 428.20.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | CSCO | Cisco Systems | 57.225 | +1.455 | +2.54% | 30,560,982 | +100 |    | Entry Signal | | 2. | GOLD | Barrick Gold (BC) | 23.155 | -0.075 | -0.32% | 27,898,223 | +100 | | Entry Signal | | 3. | AUY | Yamana Gold Inc. Ordinary Shares (Canada) | 4.915 | +0.105 | +2.14% | 25,221,787 | +100 | | Entry Signal | | 4. | ET | Energy Transfer LP Common Units | 10.035 | -0.185 | -1.84% | 16,350,988 | +90 | | Entry Signal | | 5. | HMY | Harmony Gold Mining Co Limited | 4.13 | 0.00 | 0.00% | 13,100,929 | +100 | | Entry Signal | | 6. | KHC | The Kraft Heinz Co | 38.470 | +0.680 | +1.77% | 13,020,100 | +100 | | Entry Signal | | 7. | AR | Antero Resources | 21.6750 | +0.9250 | +4.27% | 11,302,446 | +90 | | Entry Signal | | 8. | BTG | B2Gold Corp Common shares (Canada) | 4.1100 | -0.0800 | -1.95% | 9,608,662 | +90 | | Entry Signal | | 9. | HST | Host Hotels | 19.115 | -0.185 | -0.97% | 8,321,836 | +100 | | Entry Signal | | 10. | HPE | Hewlett Packard Enterprise Co | 17.33 | +0.09 | +0.52% | 8,034,714 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | GC.J22 | GOLD Apr 2022 | 1899.1 | -7.1 | -0.37% | 217,932 | +100 | | Entry Signal | | 2. | MGC.J22 | E-MICRO GOLD Apr 2022 | 1899.2 | -7.5 | -0.39% | 75,460 | +100 | | Entry Signal | | 3. | QNG.J22 | NATURAL GAS APRIL 2022 | 4.558 | +0.181 | +4.14% | 57,851 | +100 | | Entry Signal | | 4. | NG.K22 | NATURAL GAS May 2022 | 4.590 | -0.076 | -1.63% | 17,333 | +100 | | Entry Signal | | 5. | PL.J22 | PLATINUM Apr 2022 | 1085.0 | +6.5 | +0.60% | 12,870 | +100 | | Entry Signal | | 6. | @DX.H22 | US DOLLAR INDEX MARCH 2022 | 95.945 | -0.075 | -0.08% | 9,807 | +100 | | Entry Signal | | 7. | QG.H22 | NATURAL GAS (E-MINI) Mar 2022 | 4.640 | -0.115 | -2.42% | 6,709 | +90 | | Entry Signal | | 8. | ZM.N22 | SOYBEAN MEAL Jul 2022 | 446.1 | +1.0 | +0.23% | 4,802 | +100 | | Entry Signal | | 9. | QHH.H22 | HENRY HUB FINANCIAL LAST DAY MARCH 2022 | 4.626 | +0.195 | +4.40% | 2,268 | +90 | | Entry Signal | | 10. | QO.J22 | GOLD (E-MINI) Apr 2022 | 1898.75 | -8.50 | -0.45% | 1,966 | +100 | | Entry Signal | |
| 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. Please see our user agreement. Copyright 2022 INO.com. All Rights Reserved. | |
Tidak ada komentar:
Posting Komentar