U.S. STOCK INDEXES The Dow closed higher on Thursday underpinned by a roughly $900 billion stimulus bill from Congress, Covid-19 vaccine optimism, and confidence that ultra-easy monetary policy will continue into the foreseeable future. The high-range close sets the stage for a steady to higher opening when Friday's night 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 the Dow extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 29,927.96 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 30,325.79. Second resistance is unknown. First support is the 20-day moving average crossing at 29,927.96. Second support is the November 12th low crossing at 28,902.13. The March NASDAQ 100 closed higher on Thursday as it renewed the rally off September's low into uncharted territory. The high-range close sets the stage for a steady to higher opening when Friday'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 20-day moving average crossing at 12,364.91 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 12,762.50. Second resistance is unknown. First support is the 20-day moving average crossing at 12,364.91. Second support is the 50-day moving average crossing at 11,970.45. The March S&P 500 closed higher due to a falling U.S. Dollar on Wednesday. The high-range close sets the stage for a steady to higher opening when Friday'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 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 3637.86 would confirm that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 3712.49. Second resistance is unknown. First support is the 20-day moving average crossing at 3637.86. Second support is the 50-day moving average crossing at 3522.89. 
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