U.S. STOCK INDEXES The Dow closed higher on Tuesday as it turned positive during the final hour of trade following congressional testimony from Federal Reserve Chairman Jerome Powell, which helped to reverse a market selloff that had been triggered by a sharp rise in bond yields. Chairman Powell vowed to keep monetary policy accommodating as he warned that the U.S. economic recovery remains far from complete. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If the Dow extends this month's rally into uncharted territory making upside targets hard to project. Closes below the 20-day moving average crossing at 31,096.33 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 31,647.53. Second resistance is unknown. First support is the 20-day moving average crossing at 31,096.33. Second support is the 50-day moving average crossing at 30,775.32. The March NASDAQ 100 closed lower on Tuesday and spiked below the 50-day moving average before a short covering rally tempered early session losses. The high-range close sets the stage for a steady to modestly lower opening when Wednesday'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 50-day moving average crossing at 13,094.21 would confirm that a top has been posted. Closes above the 10-day moving average crossing at 13,592.95 would signal that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 13,900.50. Second resistance is unknown. First support is the 50-day moving average crossing at 13,094.21. Second support is February's low crossing at 12,727.25. The March S&P 500 closed slightly higher on Tuesday as it consolidated some of the decline off last-Tuesday's high. The high-range close sets the stage for a steady to higher opening when Wednesday'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 3860.07 would signal that a short-term top has been posted. If March renews the rally into uncharted territory, upside targets will be hard to project. First resistance is last-Tuesday's high crossing at 3959.25. Second resistance is unknown. First support is the 20-day moving average crossing at 3860.07. Second support is the 50-day moving average crossing at 3789.80. 
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