Summary
The Dow Future has slid 24 points to 30696. The US Dollar Index edged higher by 0.140 points to 90.912. Gold has climbed 4.435 dollars to 1832.935. Silver is trending higher 0.0395 dollars to 24.8910. The Dow Industrials moved lower 177.26 points, at 30814.26, while the S&P 500 retreated 27.29 points, last seen at 3768.25. The Nasdaq Composite trended lower by 114.14 points to 12998.50. Streaming charts of these markets are available at MarketClub
Key Events for Monday
N/A U.S: Martin Luther King Day. Financial markets closed
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The March Dollar closed higher on Friday as it extends the rally off last-Wednesday'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the December 21st high crossing at 90.95 are needed to confirm that a short-term low has been posted. If March renews the decline off September's high, monthly support crossing at 88.15 is the next downside target. First resistance is the December 21st reaction high crossing at 90.95. Second resistance is the 50-day moving average crossing at 91.04. First support is last-Wednesday's low crossing at 89.16. Second support is monthly support crossing at 88.15. The March Euro closed lower on Friday as it extended the decline off January's high. The low-range close sets the stage for a steady to lower opening when Tuesday'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. Closes below the 50-day moving average crossing at 120.93 would open the door for a possible test of December's low crossing at 119.63. If March renews the rally off November's low, the 62% retracement level of the 2018-2020-decline crossing at 125.39 is the next upside target. First resistance is January's high crossing at 123.68. Second resistance is the 62% retracement level of the 2018-2020-decline crossing at 125.39. First support is the 50-day moving average crossing at 120.95. Second support is December's low crossing at 119.63. Second support is the November 23rd low crossing at 118.33. The March British Pound closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night 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 Monday's low crossing at 1.3456 would open the door for additional weakness and a possible test of the 50-day moving average crossing at 1.3412. If March renews the rally off May's low, the February-2019 crossing at 1.3728 is the next upside target. First resistance is Thursday's high crossing at 1.3716. Second resistance is the February-2019 high crossing at 1.3728. First support is Monday's low crossing at 1.3456. Second support is the 50-day moving average crossing at 1.3412. The March Swiss Franc closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the December 28th low crossing at 1.1241 would confirm that a short-term top has been posted. If March renews the rally off September's low, the 75% retracement level of the 2018-2020-decline crossing at 1.1540 is the next upside target. First resistance is January's high crossing at 1.1441. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at 1.1540. First support is the December 28th low crossing at 1.1241. Second support is the 50-day moving average crossing at 1.1200. The March Canadian Dollar closed lower on Friday. The low-range close sets the stage for a steady to lower 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 77.69 would confirm that a short-term top has been posted. If March resumes the rally off October's low, the 87% retracement level of the 2018-2020-decline crossing at 80.50 is the next upside target. First resistance is Thursday's high crossing at 79.23. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at 80.50. First support is the 50-day moving average crossing at 77.69. Second support is the November 13th low crossing at 75.96. The March Japanese Yen closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 0.0967 would signal that a short-term low has been posted. If March resumes this month's decline, December's low crossing at 0.0956 is the next downside target. First resistance is January's high crossing at 0.0975. Second resistance is the 87% retracement level of March's decline crossing at 0.0981. First support is Monday's low crossing at 0.0958. Second support is December's low crossing at 0.0956.
March crude oil closed lower on Friday as fresh outbreaks of COVID-19 in China dulled the outlook for energy demand. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to lower prices are possible near-term. If March extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $57.64 is the next upside target. Closes below the 20-day moving average crossing at $49.93 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $53.94. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $57.64. First support is the 10-day moving average crossing at $51.61. Second support is the 20-day moving average crossing at $49.93. March heating oil closed 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 Tuesday's night trading session begins. 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 November's low, the 50% retracement level of the 2018-2020-decline crossing at $168.80 is the next upside target. Closes below the 20-day moving average crossing at $152.45 would signal that a short-term top has been posted. First resistance is today's high crossing at $162.46. Second resistance is the 50% retracement level of the 2018-2020-decline crossing at $168.80. First support is the 10-day moving average crossing at $156.19. Second support is the 20-day moving average crossing at $152.45. March unleaded gas closed lower on Friday. The low-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 March extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $170.66 is the next upside target. Closes below the 20-day moving average crossing at $144.37 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $157.40. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $170.66. First support is the 10-day moving average crossing at 150.33. Second support is the 20-day moving average crossing at $144.37. March Henry natural gas closed higher on Friday. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.611 would signal that a short-term top has been posted. If March extends the rally off December's low, the November 30th high crossing at 2.910 is the next upside target. First resistance is Tuesday's high crossing at 2.835. Second resistance is the November 30th high crossing at 2.910. First support is the 20-day moving average crossing at 2.611. Second support is December's low crossing at 2.268.
March coffee closed higher on Friday. The low-range close sets the stage for a steady to slightly higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low, September's high crossing at 13.57 is the next upside target. Closes below the 50-day moving average crossing at 12.04 would confirm that a short-term top has been posted. March cocoa closed higher on Friday. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Monday's high crossing at 26.61 would signal that a short-term low has been posted. If March renews the decline off November's high, the November 16th gap crossing at 23.95. March sugar posted an inside day with a lower close on Friday as it consolidates some of the rally off last-April's low. The mid-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, weekly resistance crossing at 17.23 is the next upside target. Closes below the 20-day moving average crossing at 15.41 would signal that a short-term top has been posted. March cotton closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Tuesday. 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 April's low, monthly resistance crossing at 84.47 is the next upside target. Closes below the 20-day moving average crossing at 78.48 would confirm that a short-term top has been posted.
March Corn closed up $0.02 3/4-cents at $5.31 1/2. March corn closed lower on Friday. The high-range close sets the stage for a steady to lower opening when Tuesday's night 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 March extends the rally off April's low, the 50% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $5.72 1/4 is the next upside target. Closes below the 20-day moving average crossing at $4.79 3/4 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $5.41 1/2. Second resistance is the 50% retracement level of the 2012-2019-decline crossing at $5.72 1/4 is the next upside target. First support is the 10-day moving average crossing at $5.06 1/4. Second support is the 20-day moving average crossing at $4.79 3/4. March wheat closed down $0.05 1/2-cents at $6.75 1/2. March wheat closed higher on Friday as it extends the rally off June's low. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, long-term resistance on the monthly continuation chart crossing at $7.34 1/4 is the next upside target. Closes below the 20-day moving average crossing at $6.37 1/2 would signal that a short-term top has been posted. First resistance is today's high crossing at $6.93. Second resistance is monthly resistance on the monthly continuation chart crossing at $7.34 1/4. First support is the 20-day moving average crossing at $6.37 1/2. Second support is the 50-day moving average crossing at $6.13 3/4. March Kansas City Wheat closed up $0.06 1/2-cents at $6.43. March Kansas City wheat closed higher on Friday as it extends the rally off August's low. The low-range close sets the stage for a steady to slightly 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 this winter's rally, the December-2014 high on the monthly continuation chart crossing at $7.05 3/4 is the next upside target. Closes below the 20-day moving average crossing at $5.98 1/4 would signal that a short-term top has been posted. First resistance is today's high crossing at $6.60. Second resistance is the December-2014 high on the monthly continuation chart crossing at $7.05 3/4. First support is the 20-day moving average crossing at $5.98 1/4. Second support is the 50-day moving average crossing at $5.74 1/2. March Minneapolis wheat closed up $0.02 3/4-cents at $6.42 1/4. March Minneapolis wheat closed 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible. If March extends the rally off December's low, monthly resistance crossing at $6.58 is the next upside target. Closes below the 20-day moving average crossing at crossing at $5.97 3/4 would confirm that a short-term top has been posted. First resistance is today's high crossing at crossing at $6.53 1/4. Second resistance is monthly resistance crossing at $6.58. First support is the 10-day moving average crossing at crossing at $6.16 1/4. Second support is the 20-day moving average crossing at $5.97 3/4. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " March soybeans closed down $0.13 3/4-cents at $14.16 3/4. March soybeans closed lower on Friday as it consolidates some of the rally off August's low. The low-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 March extends this year's rally, the 75% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $15.39 1/4 is the next upside target. Closes below the 20-day moving average crossing at $13.20 3/4 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $14.36 1/2. Second resistance is the 75% retracement level of the 2012-2019-decline on the monthly chart crossing at $15.39 1/4. First support is the 10-day moving average crossing at $13.80 1/2. Second support is the 20-day moving average crossing at $13.20 3/4. March soybean meal closed down $2.50 to $462.40. March soybean meal closed lower on Friday. The low-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 March extends the rally off August's low, monthly resistance crossing at $478.40 is the next upside target. Closes below the 20-day moving average crossing at $431.10 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $471.40. Second resistance is monthly resistance crossing at $478.40. First support is the 10-day moving average crossing at $446.70. Second support is the 20-day moving average crossing at $431.10. March soybean oil closed down 126 pts. at 41.85. March soybean oil closed sharply lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 the 20-day moving average crossing at 41.85 would confirm that a short-term top has been posted. If March extends the rally off October's low, the March-2014 high on the monthly continuation chart crossing at 45.05 is the next upside target. First resistance is January's high crossing at 44.69. Second resistance is the March-2014 high on the monthly continuation chart crossing at 45.05. First support is the 20-day moving average crossing at 41.85. Second support is the 50-day moving average crossing at 39.08.
The Dow closed lower on Friday but were off session lows after President-elect Joe Biden announced a $1.9 trillion COVID-19 relief plan late-Thursday. Data also showed December retail sales fell for a third month in a row. A number of analysts are skeptical about the chances of Biden's fiscal package passing Congress intact. The high-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last-Monday's low crossing at 29,881.82 would confirm that a short-term top has been posted. If the Dow extends this month's rally into uncharted territory, upside targets will be hard to project. First resistance is Thursday's high crossing at 31,223.78. Second resistance is unknown. First support is the 20-day moving average crossing at 30,569.74. Second support is the 50-day moving average crossing at 29,998.81. The March NASDAQ 100 closed lower on Friday. 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 neutral to bearish hinting that a short-term top might be in or is near. Closes below last-Monday's low crossing at 12,491.25 are needed to confirm that a short-term top has been posted. If March extends the rally off September's low into uncharted territory, upside targets will be hard to project. First resistance is last-Friday's high crossing at 13,065.75. Second resistance is unknown. First support is last-Monday's low crossing at 12,491.25. Second support is the 50-day moving average crossing at 12,439.37. The March S&P 500 closed lower on Friday. The low-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 March extends the rally off November's low into uncharted territory, upside targets will be hard to project. Multiple closes below the reaction low crossing at 3636.00 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 3824.40. Second resistance is unknown. First support is the 20-day moving average crossing at 3735.76. Second support is the 50-day moving average crossing at 3649.60.
March T-bonds closed up 24/32's at 168-31. March T-bonds posted an inside day with a higher close on Friday. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 171-03 would confirm that a low has been posted. If March renews the decline off November's high, the 50% retracement level of the 2018-2020 rally crossing at 164-04 is the next downside target. First resistance is the 10-day moving average crossing at 169-17. Second resistance is the 20-day moving average crossing at 171-03. First support is Tuesday's low crossing at 167-11. Second support is the 50% retracement level of the 2018-2020 rally crossing at 164-04. March T-notes closed up 110 pts. at 136.290. March T-notes closed higher on Friday as it extends the rally off Tuesday'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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 137.138 would confirm that a short-term low has been posted. If March resumes this month's decline, monthly support on the continuation chart crossing at 134.298 is the next downside target. First resistance is the 10-day moving average crossing at 136.310. Second resistance is the 20-day moving average crossing at 137.138. First support is Tuesday's low crossing at 136.010. Second support is monthly support on the continuation chart crossing at 134.298.
February hogs closed up $1.63 at $67.93. February hogs closed higher on Friday and filled Wednesday's gap crossing at $68.20. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this month's decline, the reaction low crossing at $65.77 is the next downside target. Closes above the 10-day moving average crossing at 68.83 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 68.83. Second resistance is January's high crossing at $72.00. First support is the reaction low crossing at $65.77. Second support is December's low crossing at $63.00. February cattle closed up $0.58 at $112.65 February cattle closed higher on Tuesday. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible. If February extends the decline off December's high, December's low crossing at $110.55 is the next downside target. Closes above the 20-day moving average crossing at $114.07 would confirm that a short-term low has been posted. First resistance is December's high crossing at $116.30. Second resistance is September's high crossing at $116.63. First support is January's low crossing at $111.35. Second support is December's low crossing at $110.55. Third support is November's low crossing at $109.00. March Feeder cattle closed up $2.33 at $135.70. March Feeder cattle closed higher on Friday as it consolidated some of the decline off December's high. The high-range close sets the stage for a steady to higher opening when Tuesday's 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 December's high, the November 20th low crossing at $132.45 is the next downside target. Closes above the 20-day moving average crossing at $138.85 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $135.94. Second resistance is the 20-day moving average crossing at $138.85. First support is Wednesday's low crossing at $132.67. Second support is the November 20th low crossing at $132.45.
February gold closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 February extends this month's decline, November's low crossing at $1767.20 is the next downside target. Closes above the 20-day moving average crossing at $1882.30 would signal that a short-term low has been posted. First resistance is January's high crossing at $1962.50. Second resistance is November's high crossing at $1973.30. First support is Monday's low crossing at $1817.10. Second support is November's low crossing at $1767.20. March silver closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 Monday's low crossing at 24.365 would confirm that a short-term top has been posted. If March renews the rally off November's low, September's high crossing at 29.380 is the next upside target. First resistance is January's high crossing at 28.105. Second resistance is September's high crossing at 29.380. First support is Monday's low crossing at 24.365. Second support is the December 9th low crossing at 23.695. March copper closed lower on Friday. The low-range close sets the stage for a steady to lower 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 reaction low crossing at 345.00 would signal that a short-term top has been posted. If March extends the rally off March's low, monthly resistance crossing at 379.25 is the next upside target. First resistance is last-Friday's high crossing at 373.40. Second resistance is monthly resistance crossing at 379.25. First support is the reaction low crossing at 345.00. Second support is the 50-day moving average crossing at 344.91.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | BB | BlackBerry Ltd | 9.84 | +0.73 | +15.63% | 151,821,146 | +90 |    | Entry Signal | | 2. | OBSV | Obseva SA Common Shares | 4.0411 | +1.5211 | +79.22% | 140,354,917 | +100 | | Entry Signal | | 3. | F | Ford Motor Co | 9.8262 | -0.3438 | -4.36% | 95,460,754 | +90 | | Entry Signal | | 4. | APHA | Aphria Inc. | 12.385 | +0.275 | +5.51% | 53,229,725 | +90 | | Entry Signal | | 5. | AAL | American Airlines Group, Inc | 15.7782 | -0.6618 | -5.88% | 50,691,467 | +90 | | Entry Signal | | 6. | ACB | Aurora Cannabis, Inc | 12.005 | +0.045 | +0.92% | 44,745,942 | +90 | | Entry Signal | | 7. | INTC | Intel Corp | 57.625 | -1.625 | -3.62% | 41,931,888 | +90 | | Entry Signal | | 8. | CHRA | Charah Solutions, Inc | 3.8099 | +1.0999 | +37.54% | 29,782,118 | +100 | | Entry Signal | | 9. | VBIV | VBI Vaccines, Inc | 3.2297 | +0.0097 | +0.42% | 24,465,216 | +90 | | Entry Signal | | 10. | GM | General Motors Co | 50.010 | -1.520 | -4.30% | 23,891,995 | +90 | | Entry Signal | | | | | Top Futures | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | ZW.H21 | WHEAT Mar 2021 | 675.0 | +4.5 | +0.74% | 75,351 | +100 | | Entry Signal | | 2. | @SB.H21 | SUGAR #11 WORLD MARCH 2021 | 16.43 | -0.24 | -1.44% | 64,784 | +100 | | Entry Signal | | 3. | @SB.K21 | SUGAR #11 WORLD MAY 2021 | 15.56 | -0.16 | -1.02% | 41,196 | +100 | | Entry Signal | | 4. | ZW.K21 | WHEAT May 2021 | 676.00 | +4.75 | +0.78% | 37,826 | +100 | | Entry Signal | | 5. | @KC.H21 | COFFEE MARCH 2021 | 127.75 | +0.40 | +0.31% | 31,917 | +90 | | Entry Signal | | 6. | ZW.N21 | WHEAT Jul 2021 | 658.0 | +3.0 | +0.50% | 27,699 | +100 | | Entry Signal | | 7. | @SB.N21 | SUGAR #11 WORLD JULY 2021 | 14.97 | -0.09 | -0.60% | 22,962 | +100 | | Entry Signal | | 8. | QCL.Z22 | CRUDE OIL DECEMBER 2022 | 48.12 | -0.72 | -1.49% | 17,771 | +90 | | Entry Signal | | 9. | @CC.H21 | COCOA MARCH 2021 | 2535 | +35 | +1.40% | 14,459 | +100 | | Entry Signal | | 10. | @KC.K21 | COFFEE MAY 2021 | 129.80 | +0.40 | +0.31% | 13,199 | +100 | | Entry Signal | |
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