U.S. STOCK INDEXES The Dow closed higher for the eighth-day in a row on Wednesday as it extends the rally off last-Friday's low. The high-range close sets the stage for a steady to higher opening when Thursday'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. This week's rally into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 30,531.11 would signal that a short-term top has been posted. First resistance is today's high crossing at 31,509.87. Second resistance is unknown. First support is the 20-day moving average crossing at 30,899.37. Second support is the 50-day moving average crossing at 30,531.11. The March NASDAQ 100 closed lower on Wednesday as it consolidated some of the rally off February's low and posted a new contract high. The mid-range close sets the stage for a steady to lower opening when Wednesday'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 13,307.44 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 13,769.25. Second resistance is unknown. First support is the 10-day moving average crossing at 13,437.08. Second support is the 50-day moving average crossing at 12,918.35. The March S&P 500 closed slightly higher on Wednesday as it extends this month's rally into uncharted territory. The high-range close sets the stage for a steady to higher opening when Thursday'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. Closes below the 50-day moving average crossing at 3750.97 would signal that a short-term top has been posted. First resistance is today's high crossing at 3928.50. Second resistance is unknown. First support is the 20-day moving average crossing at 3823.51. Second support is the 50-day moving average crossing at 3750.96.
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