News: Billionaire Fears: 'America will end as we know it.'

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Symbol	Last	Change	%
Indexes Snapshot
Dow Jones Industrial Average	29947.37	+74.90	+0.27%
NASDAQ Composite	12206.55	+112.15	+1.00%
S&P 500	3642.10	+12.45	+0.37%
SPDR S&P 500	363.94	+1.28	+0.38%
iShares Russell 2000 ETF	183.900	+0.310	+0.19%

U.S. STOCK INDEXES

The December NASDAQ 100 was higher overnight as it extends this week's holiday shortened rally. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher are possible near-term. If the NASDAQ 100 resumes this month's rally, September's high crossing at 12,444.75 is the next upside target. Closes below the 50-day moving average crossing at 11,612.51 would signal that a short-term top has been posted. First resistance September's high crossing at 12,444.75. Second resistance is monthly resistance crossing at 12,465.25. First support is the 20-day moving average crossing at 11,836.20. Second is the 50-day moving average crossing at 11,612.51.

The December S&P 500 was steady to slightly higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are still possible near-term. If December resumes this year's rally into uncharted territory, upside targets will be hard to project. Closes below the November 9th gap crossing at 3502.70 would confirm that a short-term top has been posted. First resistance is November's high crossing at 3658.40. Second resistance is unknown. First support is the 20-day moving average crossing at 3526.53. Second support is the 50-day moving average crossing at 3439.37.

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Friday, November 27, 2020

Billionaire Fears: 'America will end as we know it.'

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