Summary
The Dow Future is trending lower 116 points to 30082. The US Dollar Index trended higher 0.294 points to 90.995. Gold is declining 8.27 dollars to 1830.77. Silver has retreated 0.3300 dollars to 23.7570. The Dow Industrials advanced 248.74 points, at 30218.26, while the S&P 500 rose 32.40 points, last seen at 3699.12. The Nasdaq Composite rose 87.05 points to 12464.23. Streaming charts of these markets are available at MarketClub
Key Events for Monday
10:00 AM ET. November Employment Trends Index ETI (previous 97.57) ETI, Y/Y% 3:00 PM ET. October Consumer Credit Consumer Credit Net Chg (USD) (previous +16.2B)
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The December Dollar closed slightly higher on Friday as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening when Monday's night 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 this year's decline, monthly support crossing at 90.21 is the next downside target. Closes above the 20-day moving average crossing at 92.11 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 91.60. Second resistance is the 20-day moving average crossing at 92.11. First support is today's low crossing at 90.47. Second support is monthly support crossing at 90.21. The December Euro closed slightly lower on Friday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Monday'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 December extends the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at 124.75 is the next upside target. Closes below the 20-day moving average crossing at 119.17 would signal that a short-term top has been posted. First resistance is today's high crossing at 121.79. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 124.75. First support is the 10-day moving average crossing at 119.89. Second support is the 20-day moving average crossing at 119.17. The December British Pound closed lower on Friday but not before posting a new high for the year in early-session trading. The low-range close sets the stage for a steady to lower opening when Monday's night session begins 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 extends the aforementioned rally, the February-2019 high crossing at 1.3684 is the next upside target. Closes below the 20-day moving average crossing at 1.3291 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.3540. Second resistance is the February-2019 high crossing at 1.3684. First support is the 20-day moving average crossing at 1.3291. Second support is the 50-day moving average crossing at 1.3099. The December Swiss Franc closed higher on Friday as it extended the rally off March's low. The mid-range close sets the stage for a steady to higher opening when Monday'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 December extends this week's rally, the September-2019 high crossing at 1.1319 is the next upside target. Closes below the 50-day moving average crossing at 1.1025 would signal that a short-term top has been posted. First resistance is today's high crossing at 1.1257. Second resistance is the September-2019 high crossing at 1.1319. First support is the 10-day moving average crossing at 1.1076. Second support is the 20-day moving average crossing at 1.1025. The December Canadian Dollar closed sharply higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Monday'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 December extends the rally off October's low, the October-2018 high crossing at 79.05 is the next upside target. Closes below the 20-day moving average crossing at 76.80 would confirm that a short-term top has been posted. First resistance is today's high crossing at 78.27. Second resistance is the October-2018 high crossing at 79.05. First support is the 10-day moving average crossing at 77.12. Second support is the 20-day moving average crossing at 76.80. The December Japanese Yen closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night 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, November's high crossing at 0.0970 is the next upside target. Closes below the 50-day moving average crossing at 0.0954 would signal that a short-term top has been posted. First resistance is the November 18th high crossing at 0.0965. Second resistance is November's high crossing at 0.0970. First support is the 50-day moving average crossing at 0.0954. Second support is November's low crossing at 0.0947.
January crude oil closed higher on Friday as it renewed the rally off November's low. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January renews the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $47.20 is the next upside target. Closes below the 20-day moving average crossing at $42.90 would signal that a short-term top has been posted. First resistance is today's high crossing at $46.68. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $47.20. First support is the 10-day moving average crossing at $44.76. Second support is the 20-day moving average crossing at $42.90. January heating oil closed higher on Friday as it renewed the rally off November's low. The mid-range close sets the stage for a steady to higher opening when Monday's night trading session begins. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If January extends the rally off November's low, the 38% retracement level of the 2018-2020-decline crossing at $150.97 is the next upside target. Closes below the 20-day moving average crossing at $130.07 would signal that a short-term top has been posted. First resistance is today's high crossing at $142.01. Second resistance is the 38% retracement level of the 2018-2020-decline crossing at $150.97. First support is the 10-day moving average crossing at $136.06. Second support is the 20-day moving average crossing at $130.06. January unleaded gas closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If January resumes the rally off November's low, the 50% retracement level of the 2018-2020-decline crossing at $134.28 is the next upside target. Closes below the 20-day moving average crossing at $119.31 would signal that a short-term top has been posted. First resistance is today's high crossing at $128.80. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $134.28. First support is the 10-day moving average crossing at 123.68. Second support is the 20-day moving average crossing at $119.31. January Henry natural gas closed higher due to short covering on Friday as it consolidates some of the decline off October's high. The high-range close sets the stage for a steady to higher opening when Monday's night 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 January extends the decline off November's high, June's low crossing at 2.421 is the next downside target. Closes above the 20-day moving average crossing at 2.880 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2.880. Second resistance is the November 16th gap crossing at 3.074. First support is today's low crossing at 2.462. Second support is June's low crossing at 2.421.
March coffee closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 11.70 are needed to confirm that a short-term top has been posted. If March resumes the rally off November's low, the 75% retracement level of the September-November decline crossing at 12.80 is the next upside target. March cocoa closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 25.75 would confirm that a short-term top has been posted. If March resumes the rally off November's low, monthly resistance crossing at 29.98 is the next upside target. March sugar closed lower on Friday as it extends the decline off November's high. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Wednesday's low crossing at 14.33 would open the door for a possible test of the October 30th low crossing at 13.94. If March renews the rally off September's low, weekly resistance crossing at 16.45 is the next upside target. March cotton closed higher on Friday as it consolidated some of the decline off November's high. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at 70.48 is the next downside target. If March resumes the rally off April's low, the July-2018 high crossing at 79.56 is the next upside target.
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March Corn closed down $0.06 1/4-cents at $4.20 1/4. March corn closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at $4.10 1/2 is the next downside target. If March resumes the rally off April's low, weekly resistance marked by the June-2016 high crossing at $4.43 1/2 is the next upside target. First resistance is Monday's high crossing at $4.39 1/2. Second resistance is the June-2016 high crossing at $4.43 1/2 is the next upside target. First support is Wednesday's low crossing at $4.14 1/2. Second support is the 50-day moving average crossing at $4.10 1/2. March wheat closed down $0.07 3/4-cents at $5.76 3/4. March wheat closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night 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 March extends the decline off October's high, the 50% retracement level of the June-October-rally crossing at $5.71 is the next downside target. Closes above Monday's high crossing at $6.09 1/4 would confirm that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $6.22 3/4. Second resistance is November's high crossing at $6.26 1/4. First support is the 50% retracement level of the June-November-rally crossing at $5.71. Second support is the 62% retracement level of the June-October-rally crossing at $5.55. March Kansas City Wheat closed down $0.07 1/2-cents at $5.42 1/4. March Kansas City wheat closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 38% retracement level of the August-November-rally crossing at $5.27 3/4 is the next downside target. Closes above last-Wednesday's high crossing at $5.75 are needed to confirm that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $5.75. Second resistance is November's high crossing at $5.86 1/2. First support is Wednesday's low crossing at $5.36 1/4. Second support is the 38% retracement level of the August-Nov.-rally crossing at $5.27 3/4. March Minneapolis wheat closed down $0.03-cents at $5.50 1/2. March Minneapolis wheat closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible. If March extends the decline off October's high, the 75% retracement level of the August-October-rally crossing at $5.39 1/4 is the next downside target. Closes above last-Wednesday's high crossing at crossing at $5.73 would signal that a short-term low has been posted. First resistance is last-Wednesday's high crossing at crossing at $5.73. Second resistance is November's high crossing at $5.86. First support is the 62% retracement level of the August-October-rally crossing at $5.49 1/2. Second support is the 75% retracement level of the August-October-rally crossing at $5.39 1/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " January soybeans closed down $0.06 3/4-cents at $11.61 1/2. January soybeans closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. closes below Wednesday's low crossing at $11.42 1/2 would confirm that a short-term top has been posted. If January renews the rally off August's low, monthly resistance marked by the June-2016 high crossing at $12.08 1/2 is the next upside target. First resistance is last-Monday's high crossing at $12.00. Second resistance is monthly resistance marked by the June-2016 high crossing at $12.08 1/2. First support is Wednesday's low crossing at $11.42 1/2. Second support is the 50-day moving average crossing at $10.95 1/2. March soybean meal closed down $5.00 to $383.20. March soybean meal closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the 50-day moving average crossing at $367.10 is the next downside target. If March renews the rally off August's low, monthly resistance crossing at $404.90 is the next upside target. First resistance is last-Wednesday's high crossing at $398.80. Second resistance is monthly resistance crossing at $404.90. First support is Wednesday's low crossing at $380.10. Second support is the 50-day moving average crossing at $367.10. March soybean oil closed up 62-pts. at 38.13. March soybean oil closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off October's low, monthly resistance crossing at 41.25 is the next upside target. Closes below Wednesday's low crossing at 36.42 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is November's high crossing at 38.60. Second resistance is monthly resistance crossing at 41.25. First support is Wednesday's low crossing at 36.42. Second support is the 50-day moving average crossing at 34.80.
The Dow closed higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Monday'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 the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the November 12th low crossing at 28,902.13 would confirm that a short-term top has been posted. First resistance is today's high crossing at 30,178.38. Second resistance is unknown. First support is the 20-day moving average crossing at 29,582.78. Second support is the November 12th low crossing at 28,902.13. The December NASDAQ 100 closed higher on Friday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Monday'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 December extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 12,085.78 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 12,540.25. Second resistance is unknown. First support is the 10-day moving average crossing at 12,260.10. Second support is the 20-day moving average crossing at 12,085.78. The December S&P 500 closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday'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 December renews the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3589.61 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3693.58. Second resistance is unknown. First support is the 20-day moving average crossing at 3589.61. Second support is the 50-day moving average crossing at 3469.36.
March T-bonds closed down 1-14/32's at 171-13. March T-bonds closed sharply lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 170-22 is the next downside target. Closes above the 50-day moving average crossing at 174-29 would open the door for a possible test of November's high crossing at 177-06. First resistance is the 50-day moving average crossing at 174-29. Second resistance is November's high crossing at 177-06. First support is today's low crossing at 171-04. Second support is November's low crossing at 170-22. March T-notes closed down 100-pts. at 137.110. March T-notes closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 136.265 is the next downside target. Closes above the 50-day moving average crossing at 138.079 are needed to renew the rally off November's low. First resistance is the 50-day moving average crossing at 138.079. Second resistance is November's high crossing at 138.300. First support is today's low crossing at 137.075. Second support is November's low crossing at 136.265.
February hogs closed down $0.48 at $66.45. February hogs closed lower on Friday but well off session lows. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this week's decline, November's low crossing at $62.75 is the next downside target. If February renews the rally off November's low October's high crossing at $72.80 is the next upside target. First resistance is Tuesday's high crossing at $69.60. Second resistance is October's high crossing at $72.80. First support is November's low crossing at $62.75. Second support is September's crossing at $61.55. February cattle closed down $0.55 at $112.03 February cattle close lower on Friday as it consolidated some of the rally off November's low. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. February extends the decline off last-Tuesday's high, the November 20th low crossing at $109.00 is the next downside target. If February renews the rally off November's low, November's high crossing at $115.45 is the next upside target. If First resistance is November's high crossing at $115.45. Second resistance is September's high crossing at $116.63. First support is the November 20th low crossing at $109.00. Second support is October's low crossing at $105.53. January Feeder cattle closed unchanged at $139.50. January Feeder cattle closed unchanged on Friday. The mid-range close sets the stage for a steady opening when Monday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at $139.06 would signal that a short-term top has been posted. If January resumes the rally off October's low, August's high crossing at $147.38 is the next upside target. First resistance is Tuesday's high crossing at $143.48. Second resistance is August's high crossing at $147.38. First support is the November 20th low crossing at $133.00. Second support is October's low crossing at $124.25.
February gold closed lower on Friday ending a three-day rally off Monday's low. The mid-range close sets the stage for a steady to lower opening when Monday's night 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 $1856.80 would signal that a short-term low has been posted. If February renews the decline off November's high, the 50% retracement level of the March-August-rally crossing at $1711.10 is the next downside target. First resistance is the 20-day moving average crossing at $1856.80. Second resistance is the 50-day moving average crossing at $1888.60. First support is Monday's low crossing at $1767.20. Second support is the 50% retracement level of the March-August-rally crossing at $1711.10. March silver closed slightly higher on Friday as it extends the rally off Monday's low. The mid-range close sets the stage for a steady to slightly higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 50-day moving average crossing at 24.206 would confirm that a short-term low has been posted. Closes below September's low crossing at 21.930 would open the door for a possible test of the 50% retracement level of the March-August-rally crossing at 21.148. First resistance is the 50-day moving average crossing at 24.209. Second resistance is November's high crossing at 26.270. First support is September's low crossing at 21.930. Second support is the 50% retracement level of the March-August-rally crossing at 21.148. March copper closed higher on Friday as it extends this year's rally. The high-range close sets the stage for a steady to higher opening when Monday'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 March's low, monthly resistance crossing at 361.26 is the next upside target. Closes below the 20-day moving average crossing at 329.78 would signal that a short-term top has been posted. First resistance is today's high crossing at 353.60. Second resistance is monthly resistance crossing at 361.26. First support is the 10-day moving average crossing at 341.33. Second support is the 20-day moving average crossing at 329.78.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | AAL | American Airlines Group, Inc | 16.3921 | +0.3021 | +2.69% | 114,860,637 | +100 |    | Entry Signal | | 2. | BB | BlackBerry Ltd | 8.50 | +1.04 | +22.27% | 68,562,062 | +100 | | Entry Signal | | 3. | WORK | Slack Technologies, Inc. | 42.78 | +0.27 | +1.06% | 59,426,070 | +90 | | Entry Signal | | 4. | OXY | Occidental Petroleum Corp | 18.58 | +2.19 | +22.60% | 49,990,901 | +100 | | Entry Signal | | 5. | WFC | Wells Fargo | 29.55 | +0.39 | +1.77% | 42,396,727 | +100 | | Entry Signal | | 6. | MRO | Marathon Oil Corp | 6.835 | +0.645 | +15.58% | 40,001,007 | +100 | | Entry Signal | | 7. | BCRX | BioCryst Pharmaceuticals, Inc | 6.095 | +0.960 | +24.30% | 39,492,289 | +100 | | Entry Signal | | 8. | STPK | Star Peak Energy Transition Corp. | 16.84 | +6.78 | +69.90% | 33,680,574 | +100 | | Entry Signal | | 9. | ET | Energy Transfer LP | 6.920 | +0.370 | +6.73% | 29,466,685 | +100 | | Entry Signal | | 10. | BA | Boeing | 232.7500 | -4.4500 | -2.90% | 28,162,908 | +100 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | QCL.J21 | CRUDE OIL APRIL 2021 | 46.48 | +0.52 | +1.12% | 28,924 | +100 | | Entry Signal | | 2. | QBZ.M21 | BRENT CRUDE OIL LAST DAY JUNE 2021 | 48.92 | +0.46 | +0.94% | 9,985 | +100 | | Entry Signal | | 3. | QCL.Q21 | CRUDE OIL AUGUST 2021 | 46.13 | +0.45 | +0.97% | 4,446 | +100 | | Entry Signal | | 4. | QCL.H21 | CRUDE OIL MARCH 2021 | 46.36 | -0.18 | -0.39% | 2,143 | +100 | | Entry Signal | | 5. | RP.Z20 | EURO/BRITISH POUND Dec 2020 | 0.91185 | +0.00890 | +0.98% | 1,910 | +100 | | Entry Signal | | 6. | QRB.N21 | RBOB GASOLINE Jul 2021 | 1.4291 | +0.0058 | +0.40% | 1,895 | +100 | | Entry Signal | | 7. | BZ.N21 | CRUDE OIL BRENT LAST DAY Jul 2021 | 49.15 | +1.21 | +2.85% | 1,610 | +100 | | Entry Signal | | 8. | BZ.J21 | CRUDE OIL BRENT LAST DAY Apr 2021 | 48.90 | -0.26 | -0.62% | 1,511 | +100 | | Entry Signal | | 9. | QRB.U21 | RBOB GASOLINE Sep 2021 | 1.4032 | +0.0107 | +0.76% | 1,452 | +100 | | Entry Signal | | 10. | XAE.Z20 | S&P 500 INDEX ENERGY SECTOR (E-MINI) Dec 2020 | 420.6 | +22.0 | +7.21% | 1,163 | +100 | | Entry Signal | |
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