Stock Watchlist Available Now [Live]

INO.com

The below offer is brought to you by Vantagepoint AI

Hey Trading Forex,

If you want better trades and better information, join us today and check out our stock watchlist in a free live training.
(Clicking the link above you will automatically be registered and opt-in to receive emails from Vantagepoint AI)

If you're wondering which stocks are about to explode and how to forecast market movements in stocks, ETFs, crypto, forex and futures, then you are not going to want to miss this.

No replays. No gimmicks. Just A.I.

Register Now!

(Clicking the link above you will automatically be registered and opt-in to receive emails from Vantagepoint AI)

Lane Mendelsohn
President, Vantagepoint AI

Please note examples are success stories. Trading involves financial risk and is not suitable for all investors. Past results do not guarantee future performance.

To accept this special invitation, click here.

 
Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 35365.44 -532.20 -1.50%
NASDAQ Composite 15169.68 -10.76 -0.07%
S&P 500 4620.64 -48.03 -1.04%
SPDR S&P 500 460.0500 -4.7636 -1.04%
iShares Russell 2000 ETF 215.16 +1.98 +0.92%
U.S. STOCK INDEXES

The Dow closed sharply lower on Friday following Thursday's decline. The mid-range close sets the stage for a steady to lower opening when Monday's 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 the aforementioned rally, the November 16th high crossing at 36,316.61 is the next upside target. Closes below the 20-day moving average crossing at 35,380.32 would signal that a short-term top has been posted. First resistance is the November 16th high crossing at 36,316.61. Second resistance is the November high crossing at 36,565.73. First support is the 20-day moving average crossing at 35,380.32. Second support is last-Tuesday's gap crossing at 35,356.75.

The March NASDAQ 100 closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Friday's 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 December 3rd low crossing at 15,547.25 would renew the decline off November's high. If March renews the rally off December's low, November's high crossing at 16,768.00 is the next upside target. First resistance is the November 30th high crossing at 16,460.00. Second resistance is November's high crossing at 16,768.00. First support is Tuesday's low crossing at 15,734.00. Second support is December's low crossing at 15,547.25.

The March S&P 500 closed lower on Thursday due to profit taking. The mid-range close sets the stage for a steady to lower opening when Friday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 4587.66 would signal that a short-term top has been posted. If March extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is today's high crossing at 4743.25. Second resistance is unknown. First support is the 50-day moving average crossing at 4587.66. Second support is December's low crossing at 4485.75.



Thank you!

Thank you for subscribing to Market Commentary from INO.com.

You can modify your email preferences or unsubscribe here.

INO.com, Inc. | 228 Park Avenue South, Suite 320 | New York, New York 10003

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.

Comments

Popular posts from this blog

AllBusiness.com

Do not trade options until you read this

7 Best Stocks for the Next 30 Days - Free from Zacks Investment Research