Summary
The Dow Future is trending lower 52 points to 31490. The US Dollar Index moved higher by 0.102 points to 91.141. Gold is higher 15.100 dollars to 1729.525. Silver is higher 0.1570 dollars to 26.3075. The Dow Industrials rose 603.14 points, at 31535.51, while the S&P 500 gained 90.67 points, last seen at 3901.82. The Nasdaq Composite trended higher 396.48 points to 13588.83. Streaming charts of these markets are available at MarketClub
Key Events for Tuesday
7:45 AM ET. Weekly Chain Store Sales Index 8:55 AM ET. Johnson Redbook Retail Sales Index Ret Sales Mo-to-Date, M/M% (previous -0.8%) Ret Sales Mo-to-Date, Y/Y% (previous +2.6%) Latest Wk, Y/Y% (previous +2.9%) 9:45 AM ET. February ISM-NY Report on Business Business Index (previous 51.2) 10:00 AM ET. March IBD/TIPP Economic Optimism Index Economic Optimism Idx (previous 51.9) 6-Mo Economic Outlook (previous 49.5) 4:00 PM ET. February Domestic Auto Industry Sales 4:30 PM ET. API Weekly Statistical Bulletin Crude Stocks, Net Chg (Bbls) (previous +1.0M) Gasoline Stocks, Net Chg (Bbls) (previous +0.1M) Distillate Stocks, Net Chg (Bbls) (previous 7:00 AM ET. MBA Weekly Mortgage Applications Survey Composite Idx (previous 790.6) Composite Idx, W/W% (previous -11.4%) Purchase Idx-SA (previous 264.9) Purchase Idx-SA, W/W% (previous -11.6%) Refinance Idx (previous 3848.1) Refinance Idx, W/W% (previous -11.3%) 8:15 AM ET. February ADP National Employment Report Private Sector Jobs, Net Chg (expected +210000; previous +174000) 9:45 AM ET. February US Services PMI PMI, Services (expected 58.9; previous 58.3) 10:00 AM ET. February ISM Report On Business Services PMI Non-Mfg Composite Idx (expected 58.7; previous 58.7) Non-Mfg Business Idx (previous 59.9) Prices Idx (previous 64.2) Employment Idx (previous 55.2) New Orders Idx (previous 61.8) 10:30 AM ET. EIA Weekly Petroleum Status Report Crude Oil Stocks (Bbl) (previous 463.042M) Crude Oil Stocks, Net Chg (Bbl) (previous +1.285M) Gasoline Stocks (Bbl) (previous 257.096M) Gasoline Stocks, Net Chg (Bbl) (previous +0.012M) Distillate Stocks (Bbl) (previous 152.715M) Distillate Stocks, Net Chg (Bbl) (previous -4.969M) Refinery Usage (previous 68.6%) Total Prod Supplied (Bbl/day) (previous 18.688M) Total Prod Supplied, Net Chg (Bbl/day) (previous -1.98M) 11:00 AM ET. February Global Services PMI PMI, Services (previous 51.6) 2:00 PM ET. U.S. Federal Reserve Beige 7:30 AM ET. February Challenger Job-Cut Report Job Cuts, M/M% (previous -6.74%) 8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims Jobless Claims (expected 755K; previous 730K) Jobless Claims, Net Chg (previous -111K) Continuing Claims (previous 4419000) Continuing Claims, Net Chg (previous -101K) 8:30 AM ET. 4th Quarter Revised Productivity & Costs Non-Farm Productivity (expected -4.7%; previous +4.6%) Unit Labor Costs (expected +6.7%; previous -6.6%) 8:30 AM ET. U.S. Weekly Export Sales Corn (Metric Tons) (previous 599.2K) Soybeans (Metric Tons) (previous 238.7K) Wheat (Metric Tons) (previous 182.5K) 9:45 AM ET. Bloomberg Consumer Comfort Index 10:00 AM ET. January Manufacturers' Shipments, Inventories & Orders (M3) Total Orders, M/M% (expected +2.0%; previous +1.1%) Orders, Ex-Defense, M/M% (previous +1.3%) Orders, Ex-Transport, M/M% (previous +1.4%) Durable Goods, M/M% (previous +0.2%) Durable Goods, M/M% (previous +0.5%) 10:30 AM ET. EIA Weekly Natural Gas Storage Report Working Gas In Storage (Cbf) (previous 1943B) Working Gas In Storage, Net Chg (Cbf) (previous -338B) 12:00 PM ET. February Monthly U.S. Retail Chain Store Sales Index 2:00 PM ET. SEC Closed Meeting 4:30 PM ET. Foreign Central Bank Holdings 4:30 PM ET. Federal Discount Window 8:30 AM ET. January U.S. International Trade in Goods & Services Trade Balance (USD) (expected -67.5B; previous -66.61B) Exports (USD) (previous 189.96B) Exports, M/M% Imports (USD) (previous 256.57B) Imports, M/M% 8:30 AM ET. February U.S. Employment Report Non-Farm Payrolls (expected +218K; previous +49K) Unemployment Rate (expected 6.3%; previous 6.3%) Avg Hourly Earnings (USD) (previous 29.96) Avg Hourly Earnings-Net Chg (USD) (previous +0.06) Avg Hourly Earnings, M/M% (expected +0.2%; previous +0.20%) Avg Hourly Earnings, Y/Y% (expected +5.3%; previous +5.38%) Overall Workweek (previous 35) Overall Workweek Net Chg (previous +0.3) Government Payrolls (previous +43K) Private Payroll (previous +6K) Participation Rate (previous 61.4%) Non-Farm Payrolls Bench Net Chg (previous -250K) 3:00 PM ET. January Consumer Credit Consumer Credit Net Chg (USD) (expected +12.0B; previous 10:00 AM ET. February Employment Trends Index ETI (previous 99.27) ETI, Y/Y% 10:00 AM ET. January Monthly Wholesale Trade Inventories, M/M% (previous +0.3%)
CURRENCIES:http://quotes.ino.com/ex changes/?c=currencies" The March Dollar was higher in overnight trading as it extends the rebound off last-Thursday's low. The low-range overnight trade sets the stage for a steady to slightly higher opening when the day 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 last-Thursday's low, February's high crossing at $91.61 is the next upside target. Closes below the 50-day moving average crossing at $90.40 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $91.41. Second resistance is February's high crossing at $91.61. First support is the 50-day moving average crossing at $90.40. Second support is last-Thursday's low crossing at $89.68. The March Euro was lower overnight as it extends the decline off last-Thursday's high. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off last-Thursday's high, February's low crossing at $119.60 is the next downside target. Closes above the 50-day moving average crossing at $121.62 would signal that a short-term low has been posted. First resistance is the 75% retracement level of the January-February-decline crossing at $122.69. Second resistance is the 87% retracement level of the January-February-decline crossing at $123.18. First support is the overnight low crossing at $119.94. Second support is February's low crossing at $119.60. The March British Pound was steady to slightly lower overnight as it extends the decline off last-Wednesday's high. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session beings 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 1.3884 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If March renews the rally off September's low, the 87% retracement level of the 2017-2020-decline crossing at 1.4577 is the next upside target. First resistance is last-Wednesday's high crossing at 1.4245. Second resistance is the 87% retracement level of the 2017-2020-decline crossing at 1.4577. First support is the 20-day moving average crossing at 1.3884. Second support is the 50-day moving average crossing at 1.3718. The March Swiss Franc was lower overnight as it extends the decline off January's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off last-Tuesday's high, the 50% retracement level of the 2020-2021-rally crossing at 1.0855 is the next downside target. Closes above the 20-day moving average crossing at 1.1117 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.1058. Second resistance is the 20-day moving average crossing at 1.1117. First support is the overnight low crossing at 1.0880. Second support is the 50% retracement level of the 2020-2021-rally crossing at 1.0855. The March Canadian Dollar was steady to slightly lower overnight. The high-range trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at $78.59 would confirm that a short-term top has been posted. If March resumes the rally off February's low, the 87% retracement level of the 2018-2020-decline crossing at $80.50 is the next upside target. First resistance is last-Thursday's high crossing at $80.19. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $80.50. First support is the 50-day moving average crossing at $78.59. Second support is January's low crossing at $77.63. The March Japanese Yen was lower overnight as it extends the decline off January's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 62% retracement level of the 2020-2021-rally crossing at 0.0934 is the next downside target. Closes above the 20-day moving average crossing at 0.0948 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 0.0944. Second resistance is the 20-day moving average crossing at 0.0948. First support is the 62% retracement level of the 2020-2021-rally crossing at 0.0934. Second support is last-August's low crossing at 0.0938.
April crude oil was slightly higher overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $59.46 would confirm that a short-term top has been posted. If April resumes the rally off November's low, the October-2018 high crossing at $67.23 is the next upside target. First resistance is last-Thursday's high crossing at $63.79. Second resistance is the October-2018 high crossing at $67.23. First support is the 20-day moving average crossing at $59.46. Second support is the 50-day moving average crossing at $54.31. April heating oil was steady to lower overnight as it extends the decline off last-Thursday's high. The high-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signals that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $178.68 would confirm that a short-term top has been posted. If April renews the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $200.04 is the next upside target. First resistance is last-Thursday's high crossing at $191.30. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $200.04. First support is the 20-day moving average crossing at $178.68. Second support is the February 12th low crossing at $171.81. April unleaded gas was steady to slightly lower overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $185.48 would confirm that a short-term top has been posted. If April resumes the rally off November's low, the 87% retracement level of the 2018-2020-decline crossing at $204.11 is the next upside target. First resistance is last-Friday's high crossing at $198.94. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $204.11. First support is the 20-day moving average crossing at $185.48. Second support is the February 12th low crossing at $175.76. April Henry natural gas was slightly higher overnight as it consolidates some of the decline off February's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing at 2.871 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 2.718 would signal that a trend change has taken place. First resistance resistance is the 10-day moving average crossing at 2.871. Second resistance is February's high crossing at 3.060. First support is the 50-day moving average crossing at 2.718. Second support is the 50% retracement level of the December-February rally crossing at 2.685.
May coffee closed sharply lower on Monday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 12.89 would signal that a short-term top has been posted. If May extends the rally off February's low, the 87% retracement level of the 2019-2020-decline crossing at 14.42 is the next upside target. May cocoa closed higher on Monday as it extends the rally off February's low. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off February's low, the 75% retracement level of the November-February-decline crossing at 26.63 is the next upside target. Closes below the 20-day moving average crossing at 24.80 would confirm that a short-term top has been posted. May sugar closed lower on Monday as it extended the decline off February's high. The low-range close set the stage for a steady to lower opening on Tuesday. 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 16.11 would confirm that a short-term top has been posted. If May renews the rally off last-April's low, weekly resistance crossing at 18.42 is the next upside target. May cotton closed sharply higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. 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 88.04 would signal that a short-term top has been posted. If May renews the rally off April's low, the June-2018 high on the weekly continuation chart crossing at 96.50 is the next upside target.
May corn was lower overnight as it extends the decline off last-Tuesday's high. The low-range close sets the stage for a steady to lower opening when the day sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February's high, the 25% retracement level of the August-February-rally crossing at $5.14 is the next downside target. If May renews the rally off February's low, February's high crossing at $5.72 is the next upside target. First resistance is February's high crossing at $5.72. Second resistance is the 62% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $6.36. First support is the February 11th low crossing at $5.23 1/4. Second support is the the 25% retracement level of the August-February-rally crossing at $5.14. May wheat was higher overnight as it consolidates some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when the day 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 $6.48 3/4 would open the door for a possible test of February's low crossing at $6.28 1/2. If May resumes the rally off February's low, January's high crossing at $6.93 is the next upside target. First resistance is last-Wednesday's high crossing at $6.88 1/2. Second resistance is January's high crossing at $6.93. First support is the 50-day moving average crossing at $6.48 3/4. Second support is February's low crossing at $6.28 1/2. May Kansas City wheat was higher overnight as it consolidates some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at $6.22 would open the door for a possible test of February's low crossing at $6.08 1/4. Closes above the 10-day moving average crossing at $6.41 would signal that a short-term low has been posted. If May resumes the rally off February's low, the December-2014 high on the monthly continuation chart crossing at $7.05 3/4 is the next upside target. First resistance is last-Wednesday's high crossing at $6.64. Second resistance is the December-2014 high on the monthly continuation chart crossing at $7.05 3/4. First support is the 50-day moving average crossing at $6.22. Second support is February's low crossing at $6.08 1/4. May Minneapolis wheat was higher overnight as it consolidates some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening when the day 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 $6.25 3/4 would open the door for a larger-degree decline into early-March. If May resumes the rally off February's low, January's high crossing at $6.62 is the next upside target. First resistance is last-Wednesday's high crossing at $6.58 3/4. Second resistance is January's high crossing at $6.62. First support is the 50-day moving average crossing at $6.25 3/4. Second support is the January 25th low crossing at $6.15. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " May soybeans lower overnight following Monday's downside reversal. The mid-range close sets the stage for a steady to lower opening when the day 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 $13.83 1/2 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If May resumes the rally above January's high crossing at $14.33, the 75% retracement level of the 2012-2019-decline crossing at $15.39 1/2 on the monthly continuation chart is the next upside target. First resistance is last-Thursday's high crossing at $14.45 3/4. Second resistance is the 75% retracement level of the 2012-2019-decline on the monthly continuation chart crossing at $15.39 1/2. First support is the 20-day moving average crossing at $13.83 1/2. Second support is the 50-day moving average crossing at $13.52 3/4. May soybean meal was lower overnight trading and remains poised to test the bottom of the trading range of the past six-weeks, which crosses at $413.40. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the January 25th low crossing at $413.40 would confirm a downside breakout of the aforementioned trading range while opening the door for a possible test of the 38% retracement level of August-January rally crossing at $396.90. Closes above the February 9th high crossing at $442.10 would mark an upside breakout of the aforementioned trading range. First resistance is the February 9th high crossing at $442.10. Second resistance is January's high crossing at $463.60. First support is February's low crossing at $413.40. Second support is the 38% retracement level of the August-January rally crossing at $396.90. May soybean oil was steady to lower overnight. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. May extends the rally off October's low, the 62% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at 53.45 is the next upside target. Closes below the 20-day moving average crossing at 46.58 would signal that a short-term top has been posted. If First resistance is last-Thursday's high crossing at 50.95. Second resistance is the 62% retracement level of the 2012-2020-decline on the monthly continuation chart crossing at 53.45. First support is the 10-day moving average crossing at 48.32. Second support is the 20-day moving average crossing at 46.58.
The March NASDAQ 100 was lower overnight as it consolidates some of the rebound off last-Friday's low. The mid-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 13,459.20 would signal that a short-term low has been posted. If March extends the decline off February's high, January's low crossing at 12,491.25 is the next downside target. First resistance is the 20-day moving average crossing at 13,459.20. Second resistance is February's high crossing at 13,900.50. First support is January's low crossing at 12,491.25. Second support is the December 10th low crossing at 12,217.00. The March S&P 500 was lower overnight as it consolidates some of Monday's rally. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Thursday's high crossing at 3934.50 are needed to signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 3809.99 would open the door for additional weakness and a possible test of February's low crossing at 3656.50. First resistance is last-Thursday's high crossing at 3934.50. Second resistance is February's high crossing at 3959.25. First support is the 50-day moving average crossing at 3809.99. Second support is February's low crossing at 3656.50.
March T-bonds were lower overnight as they consolidate some of last-Friday's rally. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 162-29 would signal that a short-term low has been posted. If March resumes the decline off August's high, a test of the 62% retracement level of the 2018-2020-rally on the monthly continuation chart crossing at 157-20 is the next downside target. First resistance is the 10-day moving average crossing at 160-14. Second resistance is the 20-day moving average crossing at 162-29. First support is last-Thursday's low crossing at 157-23. Second support is the 62% retracement level of the 2018-2020-rally on the monthly continuation chart crossing at 157-20. March T-notes were steady to slightly higher overnight as they consolidate some of the decline off January's high. The low-range overnight trade sets the stage for a steady to slightly higher opening with the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 135.253 would confirm that a short-term low has been posted. If March extends the decline off the January 27th high, the 38% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 131.278 is the next downside target. First resistance is the 10-day moving average crossing at 134.290. Second resistance is the 20-day moving average crossing at 135.253. First support is last-Thursday's low crossing at 133.105. Second support is the 38% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 131.278.
April hogs closed up $0.58 at $87.73. April hogs posted an inside day with a higher close on Monday as it consolidated some of last-Friday's decline. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $83.53 would signal that a short-term top has been posted. If April renews the rally off November's low, the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25 is the next upside target. First resistance is last-Thursday's high crossing at $90.68. Second resistance is the 87% retracement level of the 2019-2020-decline on the weekly continuation chart crossing at $92.25. First support is the 10-day moving average crossing at $86.60. Second support is the 20-day moving average crossing at $83.53. April cattle closed down $1.03 at $118.98 April cattle closed lower on Monday as it extended the decline off February's high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible. If April extends the decline off February's high, the 50% retracement level of the October-February-rally crossing at $117.72 is the next downside target. Closes above the 20-day moving average crossing at $122.85 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $122.85. Second resistance is February's high crossing at $126.70. First support is today's low crossing at $118.78. Second support is the 50% retracement level of the October-February-rally crossing at $117.72. April Feeder cattle closed down $1.45 at $141.13. April Feeder cattle closed sharply lower on Monday breaking out to the downside of the lower boundary of a symmetrical triangle that has formed since late-January. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. Today's close below the 50-day moving average crossing at $142.03 signals that a short-term top has been posted while opening the door for additional weakness near-term. If April resumes the rally off January's low, January's high crossing at $147.00 is the next upside target. First resistance is February's high crossing at $145.80. Second resistance is January's high crossing at $147.00. First support is February's low crossing at $140.05. Second support is January's low crossing at $135.03.
April gold was higher overnight as it consolidates some of the decline off January's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends the decline off January's high, the 62% retracement level of the 2019-2020-rally crossing at $1634.70. is the next downside target. Closes above the 20-day moving average crossing at $1796.40 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $1769.20. Second resistance is 20-day moving average crossing at $1796.40. First support is the 50% retracement level of the 2019-2020-rally crossing at $1725.30. Second support is the 62% retracement level of the 2019-2020-rally crossing at $1634.70. May silver was lower overnight as it extends the decline off last-Tuesday's high. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at $26.575 would confirm that a top has been posted while opening the door for additional weakness near-term. Closes above the 10-day moving average crossing at $27.274 would signal that a short-term low has been posted. First resistance is last-Tuesday's high crossing at $28.470. Second resistance is February's high crossing at $30.040. First support is the overnight low crossing at $25.820. Second support is the January 27th low crossing at $24.775. May copper was higher overnight it consolidates some of the decline off last-Thursday's high. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 4.1088 would signal that a short-term top has been posted. If May renews the rally off October's low, the August-2011 high on the monthly continuation chart crossing at 4.5400 is the next upside target. First resistance is last-Thursday's high crossing at 4.3755. Second resistance is the August-2011 high on the monthly continuation chart crossing at 4.5400. First support is the 10-day moving average crossing at 4.1088. Second support is the 20-day moving average crossing at 3.8957.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | AMTX | Aemetis, Inc | 14.935 | +5.105 | +34.19% | 45,457,647 | +90 |    | Entry Signal | | 2. | VACQ | Vector Acquisition Corporation | 13.9400 | +3.6900 | +26.45% | 39,982,394 | +100 | | Entry Signal | | 3. | DKNG | DraftKings Inc. - Class A | 68.75 | +7.22 | +10.51% | 35,200,485 | +100 | | Entry Signal | | 4. | RKT | Rocket Companies, Inc. | 24.3000 | +2.4500 | +10.08% | 31,774,099 | +100 | | Entry Signal | | 5. | C | Citigroup, Inc | 69.550 | +3.670 | +5.28% | 24,974,608 | +100 | | Entry Signal | | 6. | NCLH | Norwegian Cruise Line Holdings | 29.805 | +0.245 | +0.82% | 22,357,318 | +100 | | Entry Signal | | 7. | WIFI | Boingo Wireless, Inc | 14.25 | +2.85 | +19.99% | 19,752,175 | +100 | | Entry Signal | | 8. | UAL | United Airlines Holdings, Inc. | 53.355 | +0.675 | +1.27% | 18,820,848 | +90 | | Entry Signal | | 9. | RCL | D/B/A Royal Caribbean Cruises Ltd. | 91.430 | -1.840 | -2.01% | 13,206,388 | +100 | | Entry Signal | | 10. | MORF | Morphic Holding, Inc. | 84.3501 | +48.1901 | +56.79% | 12,838,054 | +100 | | Entry Signal | |
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