U.S. STOCK INDEXES The Dow closed higher for the fifth day in a row on Friday as it extends the rally off last-Friday'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 neutral to bullish signaling sideways to higher prices are possible near-term. Closes above January's high crossing at 31,272.22 are needed to renew the rally off October's low. Closes below the 50-day moving average crossing at 30,443.42 would signal that a short-term top has been posted. First resistance is January's high crossing at 31,272.22. Second resistance is unknown. First support is last-Friday's low crossing at 29,856.30. Second support is November's low crossing at 29,599.29. The March NASDAQ 100 closed higher on Friday as it extends the rally off Monday's low and posted a new contract 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off September's low into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 12,831.57 are needed to confirm that a short-term top has been posted. First resistance is January's high crossing at 13,599.75. Second resistance is unknown. First support is the 50-day moving average crossing at 12,831.57. Second support is the December 12th low crossing at 12,217.00. The March S&P 500 closed higher on Friday as it extends this week's rally into uncharted territory. 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 into uncharted territory, upside targets will be hard to project. Multiple closes below the 50-day moving average crossing at 3733.88 would signal that a short-term top has been posted. First resistance is today's high crossing at 3894.56. Second resistance is unknown. First support is the 50-day moving average crossing at 3733.88. Second support is the December 21st low crossing at 3637.20. 
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