Summary
The Dow Future has gained 111 points to 29412. The US Dollar Index edged higher by 0.004 points to 92.298. Gold has eased 2.495 dollars to 1865.425. Silver has slid 0.0520 dollars to 24.1230. The Dow Industrials advanced 44.81 points, at 29483.23, while the S&P 500 rose 14.08 points, last seen at 3581.87. The Nasdaq Composite climbed 103.11 points to 11904.71. Streaming charts of these markets are available at MarketClub
Key Events for Friday
10:00 AM ET. October Regional & State Employment & Unemployment
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The December Dollar was steady to slightly lower overnight. The mid-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off November's high, September's low crossing at $91.75 is the next downside target. Closes above the 50-day moving average crossing at $93.31 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at $93.31. Second resistance is November's high crossing at $94.33. First support is last-Monday's low crossing at $92.12. Second support is September's low crossing at $91.75. The December Euro was steady to slightly lower overnight. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off November's low, September's high crossing at 120.38 is the next upside target. Closes below last-Wednesday's low crossing at $117.54 would signal that a short-term top has been posted. First resistance is the November's high crossing at $119.42. Second resistance is September's high crossing at $120.38. First support is November's low crossing at $116.13. Second support is the 38% retracement level of the March-September-rally crossing at $115.42. The December British Pound was higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session beings trading. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, September's high crossing at 1.3488 is the next upside target. Closes below the 20-day moving average crossing at 1.3125 are needed to confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 1.3326. Second resistance is September's high crossing at 1.3488. First support is the 20-day moving average crossing at 1.3125. Second support is the 50-day moving average crossing at 1.3004. The December Swiss Franc was steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews last-week's decline, November's low crossing at 1.0874 is the next downside target. If December extends the rally off last-Wednesday's low, November's high crossing at 1.1144 is the next upside target. First resistance is November's high crossing at 1.1144. Second resistance is the September-2018 high crossing at 1.1319. First support is November's low crossing at 1.0874. Second support is the 38% retracement level of the March-August-rally crossing at 1.0789. The December Canadian Dollar was steady to slightly higher overnight. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off October's low, the October-2018 high crossing at $79.05 is the next upside target. Closes below the 50-day moving average crossing at $75.80 are needed to confirm that a short-term top has been posted. First resistance is November's high crossing at $77.36. Second resistance is the October-2018 high crossing at $79.05. First support is the 50-day moving average crossing at $75.80. Second support is October's low crossing at $74.69. The December Japanese Yen was slightly lower overnight as it consolidates some of the rally off November's low. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, November's high crossing at 0.0970 is the next upside target. Closes below the 50-day moving average crossing at 0.0953 would signal that a short-term top has likely been posted. First resistance is November's high crossing at 0.0970. Second resistance is the 87% retracement level of the February-March rally crossing at 0.0979. First support is the 50-day moving average crossing at 0.0953. Second support is October's low crossing at 0.0943.
December crude oil was slightly higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the 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 December resumes the rally off November's low, August's high crossing at $44.33 is the next upside target. Closes below the 20-day moving average crossing at $39.47 would confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $43.06. Second resistance is August's high crossing at $44.33. First support is the 20-day moving average crossing at $39.47. Second support is the reaction low crossing at $37.06. December heating oil was higher overnight as it extends the rally off last-Friday's low. The high-range overnight trade sets the stage for a steady to higher opening when the 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 December extends the rally off November's low, the August 18th high crossing at $132.61 is the next upside target. Closes below the 50-day moving average crossing at $117.04 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $129.82. Second resistance is the August 18th high crossing at $132.61. First support is the 20-day moving average crossing at $118.67. Second support is the 50-day moving average crossing at $117.04. December unleaded gas was higher overnight. The high-range overnight 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 prices are possible near-term. If December renews the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $131.93 is the next upside target. Closes below the 20-day moving average crossing at $111.93 would confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $123.41. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $131.93. First support is the 20-day moving average crossing at $111.93. Second support is the November 6th low crossing at $107.57. December Henry natural gas was higher due to short covering overnight as it consolidates some of the decline off October's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October's high, the 87% retracement level of the March-October-rally crossing at 2.449 is the next downside target. Closes above Monday's gap crossing at 2.949 would confirm that a short-term low has been posted. First resistance resistance is Monday's gap crossing at 2.949. Second resistance is the 20-day moving average crossing at 2.990. First support is Thursday's low crossing at 2.525. Second support is the 87% retracement level of the March-October-rally crossing at 2.449.
SOFTS: March sugar closed down 16 points at 15.29 cents today. Prices closed nearer the session low today on profit taking. Prices Tuesday hit a 2.5-year high. The sugar bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month-old uptrend on the daily bar chart and have seen a bullish upside breakout from a trading range. March coffee closed up 45 points at 122.80 cents today. Prices closed near mid-range today. Prices Wednesday hit a two-month high. The coffee bulls have the firm overall near-term technical advantage as prices are in a steep uptrend on the daily chart. March cocoa closed up $83 at $2,663 a ton today. Prices closed nearer the session high today and hit a two-month high. The cocoa bulls have the solid overall near-term technical advantage and gained more power today. A steep three-week-old uptrend is in place on the daily bar chart. March cotton closed down 15 points at 71.68 cents today. Prices closed near mid-range today. The cotton bulls have the firm overall near-term technical advantage and are keeping alive a 7.5-month-old price uptrend in place on the daily bar chart. January orange juice closed down 110 points at $1.2725 today. Prices closed nearer the session high today. FCOJ bulls have the solid overall near-term technical advantage and have momentum amid an accelerating price uptrend in placed on the daily chart.
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December corn was higher overnight as it extends the rally off November's low. The high-range trade sets the stage for a steady to higher opening when the day sessions begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, the June-2016 high on the monthly chart crossing at $4.43 1/2 is the next upside target. Closes below last-Friday's low crossing at $4.03 3/4 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $4.28 1/2. Second resistance is the June-2016 high on the monthly chart crossing at $4.43 1/2. First support is last-Friday's low crossing at $4.03 3/4. Second support is the November's low crossing at $3.93. December wheat was higher overnight. 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 prices are possible near-term. Closes above the 20-day moving average crossing at $6.02 1/4 would signal that a short-term low has been posted. If December renews the decline off October's high, the 38% retracement level of the June-October-rally crossing at $5.77 1/2 is the next downside target. First resistance is November's high crossing at $6.26 1/4. Second resistance is October's high crossing at $6.38 1/4. First support is the 38% retracement level of the June-October-rally crossing at $5.77 1/2. Second support is 50% retracement level of the June-October-rally crossing at $5.58 3/4. December Kansas City wheat was higher overnight. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off November's high, the 50-day moving average crossing at $5.31 1/2 is the next downside target. If December renews the rally off the October 28th low, the 87% retracement level of the 2018-2020-decline crossing at $6.05 1/2 is the next upside target. First resistance is the 75% retracement level of the 2018-2020-decline crossing at $5.79 3/4. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $6.05 1/2. First support is the October 28th low crossing at $5.32. Second support is the 50-day moving average crossing at $5.31 1/2. December Minneapolis wheat was steady to higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above November's high crossing at $5.71 3/4 would confirm that a short-term low has been posted. If December extends the decline off October's high, the October 12th low crossing at $5.40 1/2 is the next downside target. First resistance is November's high crossing at $5.71 3/4. Second resistance is the 75% retracement level of the 2019-2020-decline crossing at $5.87 3/4. First support is the October 12th low crossing at $5.40 1/2. Second support is October's low crossing at $5.30 1/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " January soybeans were higher overnight as it extends the rally off August's low. The high-range trade sets the stage for a steady to higher opening when the 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 January extends this month's rally, monthly resistance marked by the June-2016 high crossing at $12.08 1/2 is the next upside target. Closes below the 20-day moving average crossing at $11.15 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $11.92 3/4. Second resistance is monthly resistance marked by the June-2016 high crossing at $12.08 1/2. First support is the 10-day moving average crossing at $11.57. Second support is the 20-day moving average crossing at $11.15. December soybean meal was higher overnight. The high-range trade sets the stage for a steady to higher opening when the day 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 December resumes the rally off August's low, monthly resistance crossing at $404.90 is the next upside target. Closes below the 20-day moving average crossing at $386.90 would signal that a short-term top has been posted. First resistance is last-Tuesday's high crossing at $401.10. Second resistance is monthly resistance crossing at $404.90. First support is the 20-day moving average crossing at $386.90. Second support is the October 12th low crossing at $352.30. December soybean oil was higher in late-overnight trading as it extends the rally off March's low. The low-range trade sets the stage for a steady to slightly higher opening when the 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 December extends the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. Closes below the 20-day moving average crossing at 35.75 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 39.32. Second resistance is monthly resistance crossing at 41.25. First support is the 10-day moving average crossing at 37.41. Second support is the 20-day moving average crossing at 35.75.
The December NASDAQ 100 was higher overnight. 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 signaling that sideways trading is possible near-term. If the NASDAQ 100 renews 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 11,547.28 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 11,695.56. Second is the 50-day moving average crossing at 10,547.28. The December S&P 500 was slightly lower overnight. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 3415.37 would confirm that a short-term top has been posted. If December resumes this year's rally into uncharted territory, upside targets will be hard to project. First resistance is last-Monday's high crossing at 3658.40. Second resistance is unknown. First support is the 20-day moving average crossing at 3465.16. Second support is the 50-day moving average crossing at 3415.37.
December T-bonds were lower in late-overnight trading. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 174-08 would open the door for a possible test of November's high crossing at 175-27 is the next upside target. Closes below the 10-day moving average crossing at 172-04 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 174-08. Second resistance is November's high crossing at 175-27. First support is the 75% retracement level of the March-August-rally crossing at 169-17. Second support is the 87% retracement level of the March-August-rally crossing at 167-19. December T-notes were lower overnight. The low-range overnight trade sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the 50-day moving average crossing at 138.266 is the next upside target. Closes below the 10-day moving average crossing at 137.023 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 138.266. Second resistance is November's high crossing at 139.085. First support is the 10-day moving average crossing at 137.023. Second support is the 87% retracement level of the June-August-rally crossing at 137.160.
LIVESTOCK: February live cattle closed down $2.80 at $110.35 today. Prices closed nearer the session low today and hit a two-week low. Bulls still have the overall near- term technical advantage but faded badly today. A fledgling price uptrend on the daily bar chart was soundly negated today. January feeder cattle closed down $2.65 at $134.65 today. Prices closed nearer the session low today and hit a two- week low. Bulls have lost their overall near-term technical advantage. A four-week-old uptrend on the daily bar chart was soundly negated today. February lean hogs closed down $2.70 at $63.20 today. Prices closed nearer the session low and hit a two-month low today. Bears have gained the overall near-term technical advantage. A four-week-old downtrend is in place on the daily bar chart.
December gold was steady to lower overnight as it extends the trading range off the past two weeks. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off November's high, the July 16th low crossing at $1819.90 is the next downside target. Closes above the 50-day moving average crossing at $1902.60 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $1902.60. Second resistance is November's high crossing at $1966.10. First support is last-Monday's low crossing at $1848.00. Second support is the July 16th low crossing at $1819.90. December silver was steady to slightly higher overnight while extending the September-November trading range. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Monday's low crossing at $23.600 would open the door for a possible test of October's low crossing at $22.625. If December renews the rally off October's low, the September 15th high crossing at $27.865 is the next upside target. First resistance is November's high crossing at $26.135. Second resistance is the September 15th high crossing at $27.865. First support is October's low crossing at $22.625. Second support is September's low crossing at $21.810. December copper was higher overnight as it extends the rally off March's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the June-2018 high crossing at 3.4140 is the next upside target. Closes below the 50-day moving average crossing at 3.0817 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 3.2690. Second resistance is the June-2018 high crossing at 3.4140. First support is the 20-day moving average crossing at 3.1373. Second support is the 50-day moving average crossing at 3.0817.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | FCEL | FuelCell Energy, Inc | 5.355 | +0.255 | +10.99% | 208,656,776 | +100 |    | Entry Signal | | 2. | M | Macy's, Inc | 9.175 | +0.185 | +2.81% | 63,503,294 | +100 | | Entry Signal | | 3. | TSLA | Tesla, Inc | 499.0550 | +12.4150 | +2.93% | 60,667,624 | +90 | | Entry Signal | | 4. | COTY | Coty, Inc | 6.25 | +0.95 | +30.25% | 54,046,259 | +100 | | Entry Signal | | 5. | KNDI | Kandi Technologies Group, Inc | 14.4187 | +3.0787 | +44.49% | 47,999,473 | +100 | | Entry Signal | | 6. | ITUB | Itau Unibanco Banco Holding SA ADS | 5.405 | +0.015 | +0.36% | 45,141,676 | +90 | | Entry Signal | | 7. | WFC | Wells Fargo | 26.1777 | +1.1177 | +5.06% | 41,421,952 | +100 | | Entry Signal | | 8. | CCL | Carnival Corp | 18.195 | +0.605 | +4.41% | 41,001,796 | +100 | | Entry Signal | | 9. | AYRO | AYRO, Inc. | 6.16 | +1.92 | +71.64% | 40,089,910 | +100 | | Entry Signal | | 10. | PLUG | Plug Power, Inc | 23.785 | +0.565 | +3.33% | 37,234,118 | +100 | | Entry Signal | |
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