The March NASDAQ 100 closed lower due to profit taking on Wednesday as it consolidated some of Monday's rally. The low-
range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought but are neutral to
bullish signaling that sideways to higher prices are possible near-term. If March extends last month's rally, the 75% retracement
level of the 2007-2008-decline on the weekly continuation chart crossing at 1947.00 is the next upside target. Closes below the
20-day moving average crossing at 1833.30 are needed to confirm that a short-term top has been posted. First resistance is
today's high crossing at 1891.75. Second resistance is the 75% retracement level of the 2007-2008-decline crossing at 1947.00.
First support is the 10-day moving average crossing at 1869.80. Second support is the 20-day moving average crossing at
1833.30.
The March S&P 500 index closed higher on Wednesday as it extends this week's rally. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI are overbought but are bullish signaling that sideways to higher
prices are possible near-term. If March extends this week's rally, the 62% retracement level of the 2007-2008-decline crossing
at 1155.15 is the next upside target. Closes below the 20-day moving average crossing at 1110.98 are needed to confirm that a
short-term top has been posted. First resistance is today's high crossing at 1135.00. Second resistance is the 62% retracement
level of the 2007-2008-decline crossing at 1155.15. First support is the 10-day moving average crossing at 1122.49. Second
support is the 20-day moving average crossing at 1110.98.
The Dow closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday.
Stochastics and the RSI are overbought but have turned bullish again signaling that sideways to higher prices are possible near-
term. If the Dow extends Monday's rally, the 62% retracement level of the 2007-2008-decline crossing at 11249 is the next
upside target. Closes below the 20-day moving average crossing at 10460 are needed to confirm that a short-term top has been
posted. First resistance is Monday's high crossing at 10604. Second resistance is the 62% retracement level of the 2007-2008-
decline crossing at 11249. First support is the 10-day moving average crossing at 10,525. Second support is last Thursday's
low crossing at 10,423.
NTEREST RATES http://quotes.ino.com/exchanges/?c=interest
March T-bonds closed down 23/32's at 115-10.
March T-bonds closed lower on Wednesday as it consolidated some of Tuesday's rally but remains above the 10-day moving
average crossing at 115-18. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the
RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing
at 116-29 are needed to confirm that a short-term low has been posted. If March renews the decline off November's high, the
75% retracement level of this year's rally crossing at 113-11 is the next downside target. First resistance is Tuesday's high
crossing at 116-01. Second resistance is the 20-day moving average crossing at 116-29. First support is last Thursday's low
crossing at 114-17. Second support is the 75% retracement level of this year's rally crossing at 113-11.
ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
February crude oil closed sharply higher on Wednesday and spiked above October's high crossing at 83.19. The high-range
close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to
bullish signaling that sideways to higher prices are possible near-term. If February extends this rally, the 38% retracement level
of the 2008-decline crossing at 84.82 is the next upside target. Closes below the 10-day moving average crossing at 79.18
would signal that a short-term top has been posted. First resistance is today's high crossing at 83.52. Second resistance is the
38% retracement level of the 2008-decline crossing at 84.82. First support is the 10-day moving average crossing at 79.18.
Second support is the 20-day moving average crossing at 76.22.
February heating oil closed higher on Wednesday and spiked above resistance marked by October's high crossing at 220.69.
The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but
remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends this rally, the 38%
retracement level of the 2008-decline crossing at 245.62 is the next upside target. Closes below the 10-day moving average
crossing at 210.91 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at
221.20. Second resistance is the 38% retracement level of the 2008-decline crossing at 245.62. First support is the 10-day
moving average crossing at 210.91. Second support is the 20-day moving average crossing at 203.33.
February unleaded gas closed higher on Wednesday and spiked above October's high crossing at 213.53. The high-range close
sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish
signaling that sideways to higher prices are possible near-term. If February extends this rally, the 50% retracement level of the
2008-decline crossing at 233.30 is the next upside target. Closes below the 10-day moving average crossing at 204.49 are
needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 214.62. Second resistance is
the 50% retracement level of the 2008-decline crossing at 233.30. First support is the 10-day moving average crossing at
204.49. Second support is the 20-day moving average crossing at 196.63.
February Henry natural gas closed sharply higher on Wednesday and the high-range close sets the stage for a steady to higher
opening on Thursday. Stochastics and the RSI are turning neutral to bullish with today's rally signaling that sideways to higher
prices are possible near-term. If February resumes the rally off December's low, the 87% retracement level of this fall's decline
crossing at 6.077 is the next upside target. Closes below the 20-day moving average crossing at 5.626 are needed to confirm
that a short-term top has been posted. First resistance is last Tuesday's high crossing at 6.038. Second resistance is the 87%
retracement level of this fall's decline crossing at 6.077. First support is the 10-day moving average crossing at 5.798. Second
support is the 20-day moving average crossing at 5.626.
CURRENCIES
The March Dollar closed lower on Wednesday and below the 20-day moving average crossing at 77.68. The low-range close
sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. Closes below Tuesday's low crossing at 77.39 are needed confirm that a short-term top has
been posted. If March renews the rally off November's low, the 38% retracement level of the 2008-2009-decline crossing at
79.72 is the next upside target. First resistance is the reaction high crossing at 78.77. Second resistance is the 38% retracement
level of the 2008-2009-decline crossing at 79.72. First support is today's low crossing at 77.59. Second support is Tuesday's
low crossing at 77.39.
The March Euro closed higher on Wednesday as it consolidates above the 10-day moving average crossing at 143.525. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 144.436 are needed to
confirm that a short-term low has been posted. If March renews the decline off December's high, the 38% retracement level of
the 2008-2009-rally crossing at 140.976 is the next downside target. First resistance is the 20-day moving average crossing at
144.436. Second resistance is Tuesday's high crossing at 144.830. First support is the reaction low crossing at 142.150. Second
support is the 38% retracement level of the 2008-2009-rally crossing at 140.976.
The March British Pound closed slightly higher due to short covering on Wednesday as it consolidated some of this week's
decline. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning neutral to
bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off November's high,
October's low crossing at 1.5718 is the next downside target. Closes above Monday's high crossing at 1.6235 are needed to
confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.6106. Second
resistance is Monday's high crossing at 1.6235. First support is today's low crossing at 1.5930. Second support is last
Wednesday's low crossing at 1.5825.
The March Swiss Franc closed higher on Wednesday as it extends this week's rally above the 20-day moving average. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If March extends the rally off the December low, the 50% retracement level of
the November-December decline crossing at .9794 is the next upside target. Closes below last Wednesday's low crossing at
.9599 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at .9762. Second
resistance is the 50% retracement level of the November-December decline crossing at .9794. First support is the 20-day
moving average crossing at .9655. Second support is last Wednesday's low crossing at .9599.
The March Canadian Dollar closed higher on Wednesday as it extends this week's breakout above trading range resistance
crossing at 96.08. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have
turned bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, October's high
crossing at 97.92 is the next upside target. Closes below the 20-day moving average crossing at 94.93 are needed to confirm
that a short-term top has been posted. First resistance is today's high crossing at 96.97. Second resistance is October's high
crossing at 97.92. First support is the 10-day moving average crossing at 95.65. Second support is the 20-day moving average
crossing at 94.93.
The March Japanese Yen closed lower on Wednesday ending a two-day short covering bounce. The low-range close sets the
stage for a steady to lower opening on Thursday. At the same time, 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 20-day moving average crossing at
.11031 are needed to confirm that a short-term low has been posted. If March resumes the decline off November's high, the
62% retracement level crossing at .10675 is the next downside target. First resistance is Tuesday's high crossing at .10964.
Second resistance is the 20-day moving average crossing at .11031. First support is Monday's low crossing at .10731. Second
support is the 62% retracement level crossing at .10675.
NEW! INO TV - http://tv.ino.com/ - Watch From Your Computer - Avoiding Common Trading Pitfalls by Mark Cook. In this fast-paced video, trading champion Mark Cook shares his ideas for making winning trades. As the first place finisher in the options division of the U.S. Investing Championship, Mark credits research, planning and an attention to detail for his astounding 536% return. http://tv.ino.com/
PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals
February gold closed sharply higher on Wednesday as it extends this week's breakout above the 20-day moving average. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If February extends this week's rally, the reaction high crossing at 1142.90 is
the next upside target. Closes below the reaction low crossing at 1086.60 would temper the near-term friendly outlook. First
resistance is today's high crossing at 1141.00. Second resistance is the reaction high crossing at 1142.90. First support is the
20-day moving average crossing at 1113.20. Second support is last Wednesday's low crossing at 1086.60.
March silver closed higher on Wednesday and above the reaction high crossing at 17.810 confirming that a short-term low has
been posted. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish
signaling that sideways to higher prices are possible near-term. If March extends this week's rally, December's high crossing at
19.500 is the next upside target. Closes below the 20-day moving average crossing at 17.337 would temper the near-term
friendly outlook in the market. First resistance is today's high crossing at 18.245. Second resistance is December's high
crossing at 19.500. First support is the 20-day moving average crossing at 17.337. Second support is last Wednesday's low
crossing at 16.765.
March copper closed higher on Wednesday and above the 87% retracement level of the 2008-decline crossing at 347.94. The
high-range close sets the stage for a steady to higher opening on Thursday. 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 late-December rally,
weekly resistance crossing at 361.05 is the next upside target. Closes below the 20-day moving average crossing at 323.66 are
needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 352.20. Second resistance is
weekly resistance crossing at 361.05. First support is the 10-day moving average crossing at 332.85. Second support is the 20-
day moving average crossing at 323.66.
FOOD & FIBER http://quotes.ino.com/exchanges/?c=food
March coffee closed higher on Wednesday as it consolidates above the 10-day moving average crossing at 13.95. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI have turned bullish signaling that sideways to
higher prices are possible near-term. Closes above the 20-day moving average crossing at 14.22 are needed to confirm that a
short-term low has been posted. If March renews the decline off December's high, the reaction low crossing at 13.40 is the next
downside target.
March cocoa posted an inside day with a lower close on Wednesday as it extends the trading range of the past two weeks. The
low-range close sets the stage for a steady to lower opening on Thursday. 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 20-day moving average
crossing at 33.21 are needed to confirm that a short-term low has been posted while opening the door for a larger-degree
rebound during January. If March renews the decline off December's low, the reaction low crossing at 32.00 is the next
downside target.
March sugar closed higher on Wednesday and is poised to test weekly resistance crossing at 28.60. The high-range close set the
stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are turning neutral to bearish
hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 27.16 would signal that
a short-term top has been posted. If March extends the rally off December's low, monthly resistance crossing at 34.33 is the
neutral upside target.
March cotton closed higher due to short covering on Wednesday as it consolidates some of Tuesday's decline. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bearish signaling that sideways to lower
prices are possible near-term. If March extends Tuesday's decline, November's low crossing at 69.75 is the next downside
target.
GRAINS http://quotes.ino.com/exchanges/?c=grains
March Corn closed up 3-cents at 4.21 3/4.
March corn closed higher on Wednesday as it extends this week's rally. A late-day rebound led to a high-range close that sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought and are turning neutral to bearish
hinting that another short-term top might be in or is near. Closes above 4.24 1/2 or below 3.77 1/2 are needed to confirm a
breakout of a three-month old trading range and point the direction of the next trending move. First resistance is Monday's high
crossing at 4.26. Second resistance is the 75% retracement level of last year's decline crossing at 4.42 1/2. First support is the
10-day moving average crossing at 4.13 1/4. Second support is the 20-day moving average crossing at 4.05 3/4.
March wheat closed up 14 1/4-cents at 5.67 1/2.
March wheat closed higher on Wednesday as it extends the rally off December's low. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices
are possible near-term. If March extends this week's rally, the December 4th gap crossing at 5.70 is the next upside target.
Closes below the 20-day moving average crossing at 5.38 1/4 are needed to confirm that a short-term top has been posted. First
resistance is today's high crossing at 5.67 1/2. Second resistance is the December 4th gap crossing at 5.70. First support is
Monday's gap crossing at 5.49. Second support is the 20-day moving average crossing at 5.38 1/4.
March Kansas City Wheat closed up 13 3/4-cents at 5.60 1/2.
March Kansas City Wheat closed higher on Wednesday as it extends the rally off December's low. The high-range close sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways
to higher prices are possible near-term. If March extends this week's rally, the reaction high crossing at 5.86 is the next upside
target. Closes below the 20-day moving average crossing at 5.32 would confirm that a short-term top has been posted. First
resistance is today's high crossing at 5.60 1/2. Second resistance is the reaction high crossing at 5.86. First support is Monday's
gap crossing at 5.44. Second support is the 20-day moving average crossing at 5.32.
March Minneapolis wheat closed up 15 1/4-cents at 5.71 1/2.
March Minneapolis wheat closed higher on Wednesday as it extends this week's rally. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices
are possible near-term. If March extends this week's rally, the 62% retracement level of the November-December decline
crossing at 5.72 3/4 is the next upside target. Closes below the 20-day moving average crossing at 5.44 1/4 would confirm that
a short-term top has been posted. First resistance is today's high crossing at 5.71 3/4. Second resistance is the 62% retracement
level of the November-December decline crossing at 5.72 3/4. First support is the 10-day moving average crossing at 5.48 3/4.
Second support is the 20-day moving average crossing at 5.44 1/4.
SOYBEAN COMPLEX
March soybeans closed down 2-cents at 10.59.
March soybeans posted an inside day with a lower close on Tuesday as it consolidated some of the rally off December's low.
The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to
bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, the reaction high
crossing at 10.77 is the next upside target. Closes below the 10-day moving average crossing at 10.37 would temper the near-
term friendly outlook in the market. First resistance is Monday's high crossing at 10.74 1/2. Second resistance is the reaction
high crossing at 10.77. First support is the 20-day moving average crossing at 10.39 1/2. Second support is the 10-day moving
average crossing at 10.37.
March soybean meal closed down $1.20 at $310.20.
March soybean meal posted an inside day with a lower close on Wednesday as it consolidated some of this week's rally. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish
signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, December's high
crossing at 316.50 is the next upside target. Closes below the 10-day moving average crossing at 304.50 would temper the near-
term friendly outlook in the market. First resistance is Monday's high crossing at 312.70. Second resistance is December's high
crossing at 316.50. First support is the 20-day moving average crossing at 304.80. Second support is the 10-day moving
average crossing at 304.50.
March soybean oil closed down 3 pts. at 41.07.
March soybean oil closed lower on Wednesday as it consolidates below long-term resistance crossing at 41.80. A short covering
rally tempered early-session losses and the high-range close sets the stage for a steady to higher opening on Thursday.
Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-
term. Multiple closes above last June's high would open the door for a possible test of the 38% retracement level of last year's
decline crossing at 45.51 later this year. Closes below last Thursday's gap crossing at 39.95 would confirm that a short-term
top has been posted. First resistance is Monday's high crossing at 41.90. Second resistance is the 38% retracement level of last
year's decline crossing at 45.51. First support is last Thursday's gap crossing at 39.95. Second support is the 20-day moving
average crossing at 39.88.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock
February hogs closed down $1.03 at $66.58.
February hogs closed lower on Wednesday as it consolidated some of Tuesday's rally. The low-range close sets the stage for a
steady to lower opening on Thursday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are
possible near-term. If March extends this week's rally, November's high crossing at 68.05 is the next upside target. Closes
below the 10-day moving average crossing at 65.56 would temper the near-term friendly outlook. First resistance is today's high
crossing at 67.85. Second resistance is November's high crossing at 68.05. First support is the 20-day moving average crossing
at 65.58. Second support is the 10-day moving average crossing at 65.56.
February bellies closed down $0.10 at $87.60.
February bellies closed slightly lower on Wednesday but remains above the 10-day moving average crossing at 87.28. The low-
range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral signaling that
sideways to higher prices are possible near-term. If February renews last week's rally, the reaction high crossing at 91.80 is the
next upside target. Closes below the reaction low crossing at 85.50 would confirm that a short-term top has been posted. First
resistance is the reaction high crossing at 89.30. Second resistance is the reaction high crossing at 91.80. First support is last
Tuesday's low crossing at 85.50. Second support is the reaction low crossing at 84.60.
February cattle closed down $0.37 at 85.95.
February cattle posted an inside day with a lower close on Wednesday as it consolidated some of the rally off December's low.
The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are neutral to bearish hinting that
a short-term top might be in or is near. Closes below the 20-day moving average crossing at 84.67 are needed to confirm that a
short-term top has been posted. If February extends the rally off December's low, the December 6th gap crossing at 87.00 is the
next upside target. First resistance is Monday's high crossing at 86.80. Second resistance is the December 6th gap crossing at
87.00. First support is the 10-day moving average crossing at 85.42. Second support is the 20-day moving average crossing at
84.67.
March feeder cattle closed down $0.17 at $96.75.
March Feeder cattle closed lower on Wednesday as it consolidated some of the rally off December's low. The mid-range close
sets the stage for a steady opening on Thursday. 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 December's low, the reaction high crossing
at 97.45 is the next upside target. Closes below the 20-day moving average crossing at 94.29 are needed to confirm that a short-
term top has been posted. First resistance is today's high crossing at 97.10. Second resistance is the reaction high crossing at
97.45. First support is last Thursday's gap crossing at 94.90. Second support is the 20-day moving average crossing at 94.29.
____________________________________________________________________________
E X T R E M E F U T U R E S
____________________________________________________________________________
Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/
WINNERS
BCX.F11 CBOT SOYBEAN CRUSH INDEX Jan 2011 74.25 6.50 +8.23
NG.G10 NATURAL GAS Feb 2010 6.009 0.372 +6.45
PCX PIMCO CCR TRAKRS INDEX 23.33 1.09 +4.90
LB.F10 LUMBER (RANDOM LENGTH) Jan 2010 211.0 9.7 +4.83
PMI PIMCO DJ-AIGCI MASTER INDEX 10.64 0.49 +4.83
YW.H10 WHEAT (MINI) Mar 2010 567.25 14.25 +2.58
W.H10 WHEAT Mar 2010 567.25 14.25 +2.58
KW.H10 HARD RED WINTER WHEAT Mar 2010 560.50 13.75 +2.52
HG.H10 COPPER Mar 2010 3.4945 0.0810 +2.37
SI.H10 SILVER Mar 2010 18.175 0.375 +2.11
LOSERS
BCX.N10 CBOT SOYBEAN CRUSH INDEX Jul 2010 62.50 -3.50 -5.34
NGX.H10 5 YEAR INT RATE SWAP (IMPLIED YLD) Mar 2010 3.01028 -0.10930 -3.50
KB.Y$$ CHEESE-BLOCKS (SPOT) Cash 1412.5 -27.5 -1.91
DA.H10 MILK CLASS III Mar 2010 13.98 -0.24 -1.69
LH.G10 LEAN HOGS Feb 2010 66.575 -1.025 -1.52
JY.H10 JAPANESE YEN Mar 2010 0.010825 -0.000078 -0.72
SM.N10 SOYBEAN MEAL Jul 2010 304.5 -2.0 -0.65
US.H10 T-BONDS Mar 2010 115.31250 -0.71875 -0.62
LC.G10 LIVE CATTLE Feb 2010 85.950 -0.375 -0.43
ND.H10 NASDAQ 100 INDEX Mar 2010 1878.50 -6.75 -0.36
Trade Stocks, Futures, And Forex With Up To 80% Accuracy
Complimentary Market Forecasts. Reports include:
-Trend Forecast up to 80% accurate for 1-3 days ahead
-Tomorrow's Forecasted Trading Range
-Leading Indicators, not lagging
http://www.ino.com/specials/13B3C4/mkttech/80Percent.html
____________________________________________________________________________
E X T R E M E S T O C K S
____________________________________________________________________________
Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/
WINNERS
CHNC CHINA INFRA CONSTRUCTION 6.00 1.30 +27.66
TASR TASER INTL INC 5.81 1.11 +23.62
WOR WORTHINGTON INDUSTRIES 16.74 2.86 +20.61
LECT LECTEC CORP 5.40 0.85 +18.68
SFI.PR.D ISTAR FINANCIAL INC PR D 9.3400 1.3800 +17.34
SFI.PR.G ISTAR FINANCIAL 7.65 PR G 8.73 1.28 +17.18
SPMD SUPERMEDIA 41.00 6.00 +17.14
SFI.PR.E ISTAR FINANCIAL 7.875 PR 8.9700 1.2900 +16.80
SFI.PR.I ISTAR FINANCE INC 7.50% PFI 8.58 1.23 +16.73
SFI.PR.F ISTAR FINANCIAL 7.80 PR F 8.8485 1.2485 +16.43
LOSERS
CHKDG CHESAPEAKE ENERGY PR 94.0724 -60.9276 -39.31
SURW SUREWEST COMMUNICATIONS 8.55 -1.40 -14.07
CTGX COMPUTER TASK GROUP INC 7.047 -1.153 -14.06
SONC SONIC CORP 8.9300 -1.3200 -12.88
LEAP LEAP WIRELESS INTL 16.38 -1.92 -10.49
BWEN BROADWIND ENERGY INC 7.04 -0.77 -9.86
SYMS SYMS CORP 7.08 -0.67 -8.65
CBEY CBEYOND INC 14.6401 -1.3799 -8.61
SHEN SHENANDOAH TELECOM 17.77 -1.66 -8.54
WMG WARNER MUSIC GROUP CORP 5.66 -0.52 -8.41
____________________________________________________
March T-bonds closed down 23/32's at 115-10.
March T-bonds closed lower on Wednesday as it consolidated some of Tuesday's rally but remains above the 10-day moving
average crossing at 115-18. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the
RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing
at 116-29 are needed to confirm that a short-term low has been posted. If March renews the decline off November's high, the
75% retracement level of this year's rally crossing at 113-11 is the next downside target. First resistance is Tuesday's high
crossing at 116-01. Second resistance is the 20-day moving average crossing at 116-29. First support is last Thursday's low
crossing at 114-17. Second support is the 75% retracement level of this year's rally crossing at 113-11.
ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
February crude oil closed sharply higher on Wednesday and spiked above October's high crossing at 83.19. The high-range
close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to
bullish signaling that sideways to higher prices are possible near-term. If February extends this rally, the 38% retracement level
of the 2008-decline crossing at 84.82 is the next upside target. Closes below the 10-day moving average crossing at 79.18
would signal that a short-term top has been posted. First resistance is today's high crossing at 83.52. Second resistance is the
38% retracement level of the 2008-decline crossing at 84.82. First support is the 10-day moving average crossing at 79.18.
Second support is the 20-day moving average crossing at 76.22.
February heating oil closed higher on Wednesday and spiked above resistance marked by October's high crossing at 220.69.
The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but
remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends this rally, the 38%
retracement level of the 2008-decline crossing at 245.62 is the next upside target. Closes below the 10-day moving average
crossing at 210.91 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at
221.20. Second resistance is the 38% retracement level of the 2008-decline crossing at 245.62. First support is the 10-day
moving average crossing at 210.91. Second support is the 20-day moving average crossing at 203.33.
February unleaded gas closed higher on Wednesday and spiked above October's high crossing at 213.53. The high-range close
sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish
signaling that sideways to higher prices are possible near-term. If February extends this rally, the 50% retracement level of the
2008-decline crossing at 233.30 is the next upside target. Closes below the 10-day moving average crossing at 204.49 are
needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 214.62. Second resistance is
the 50% retracement level of the 2008-decline crossing at 233.30. First support is the 10-day moving average crossing at
204.49. Second support is the 20-day moving average crossing at 196.63.
February Henry natural gas closed sharply higher on Wednesday and the high-range close sets the stage for a steady to higher
opening on Thursday. Stochastics and the RSI are turning neutral to bullish with today's rally signaling that sideways to higher
prices are possible near-term. If February resumes the rally off December's low, the 87% retracement level of this fall's decline
crossing at 6.077 is the next upside target. Closes below the 20-day moving average crossing at 5.626 are needed to confirm
that a short-term top has been posted. First resistance is last Tuesday's high crossing at 6.038. Second resistance is the 87%
retracement level of this fall's decline crossing at 6.077. First support is the 10-day moving average crossing at 5.798. Second
support is the 20-day moving average crossing at 5.626.
CURRENCIES
The March Dollar closed lower on Wednesday and below the 20-day moving average crossing at 77.68. The low-range close
sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. Closes below Tuesday's low crossing at 77.39 are needed confirm that a short-term top has
been posted. If March renews the rally off November's low, the 38% retracement level of the 2008-2009-decline crossing at
79.72 is the next upside target. First resistance is the reaction high crossing at 78.77. Second resistance is the 38% retracement
level of the 2008-2009-decline crossing at 79.72. First support is today's low crossing at 77.59. Second support is Tuesday's
low crossing at 77.39.
The March Euro closed higher on Wednesday as it consolidates above the 10-day moving average crossing at 143.525. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 144.436 are needed to
confirm that a short-term low has been posted. If March renews the decline off December's high, the 38% retracement level of
the 2008-2009-rally crossing at 140.976 is the next downside target. First resistance is the 20-day moving average crossing at
144.436. Second resistance is Tuesday's high crossing at 144.830. First support is the reaction low crossing at 142.150. Second
support is the 38% retracement level of the 2008-2009-rally crossing at 140.976.
The March British Pound closed slightly higher due to short covering on Wednesday as it consolidated some of this week's
decline. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning neutral to
bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off November's high,
October's low crossing at 1.5718 is the next downside target. Closes above Monday's high crossing at 1.6235 are needed to
confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.6106. Second
resistance is Monday's high crossing at 1.6235. First support is today's low crossing at 1.5930. Second support is last
Wednesday's low crossing at 1.5825.
The March Swiss Franc closed higher on Wednesday as it extends this week's rally above the 20-day moving average. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If March extends the rally off the December low, the 50% retracement level of
the November-December decline crossing at .9794 is the next upside target. Closes below last Wednesday's low crossing at
.9599 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at .9762. Second
resistance is the 50% retracement level of the November-December decline crossing at .9794. First support is the 20-day
moving average crossing at .9655. Second support is last Wednesday's low crossing at .9599.
The March Canadian Dollar closed higher on Wednesday as it extends this week's breakout above trading range resistance
crossing at 96.08. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have
turned bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, October's high
crossing at 97.92 is the next upside target. Closes below the 20-day moving average crossing at 94.93 are needed to confirm
that a short-term top has been posted. First resistance is today's high crossing at 96.97. Second resistance is October's high
crossing at 97.92. First support is the 10-day moving average crossing at 95.65. Second support is the 20-day moving average
crossing at 94.93.
The March Japanese Yen closed lower on Wednesday ending a two-day short covering bounce. The low-range close sets the
stage for a steady to lower opening on Thursday. At the same time, 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 20-day moving average crossing at
.11031 are needed to confirm that a short-term low has been posted. If March resumes the decline off November's high, the
62% retracement level crossing at .10675 is the next downside target. First resistance is Tuesday's high crossing at .10964.
Second resistance is the 20-day moving average crossing at .11031. First support is Monday's low crossing at .10731. Second
support is the 62% retracement level crossing at .10675.
NEW! INO TV - http://tv.ino.com/ - Watch From Your Computer - Avoiding Common Trading Pitfalls by Mark Cook. In this fast-paced video, trading champion Mark Cook shares his ideas for making winning trades. As the first place finisher in the options division of the U.S. Investing Championship, Mark credits research, planning and an attention to detail for his astounding 536% return. http://tv.ino.com/
PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals
February gold closed sharply higher on Wednesday as it extends this week's breakout above the 20-day moving average. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If February extends this week's rally, the reaction high crossing at 1142.90 is
the next upside target. Closes below the reaction low crossing at 1086.60 would temper the near-term friendly outlook. First
resistance is today's high crossing at 1141.00. Second resistance is the reaction high crossing at 1142.90. First support is the
20-day moving average crossing at 1113.20. Second support is last Wednesday's low crossing at 1086.60.
March silver closed higher on Wednesday and above the reaction high crossing at 17.810 confirming that a short-term low has
been posted. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish
signaling that sideways to higher prices are possible near-term. If March extends this week's rally, December's high crossing at
19.500 is the next upside target. Closes below the 20-day moving average crossing at 17.337 would temper the near-term
friendly outlook in the market. First resistance is today's high crossing at 18.245. Second resistance is December's high
crossing at 19.500. First support is the 20-day moving average crossing at 17.337. Second support is last Wednesday's low
crossing at 16.765.
March copper closed higher on Wednesday and above the 87% retracement level of the 2008-decline crossing at 347.94. The
high-range close sets the stage for a steady to higher opening on Thursday. 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 late-December rally,
weekly resistance crossing at 361.05 is the next upside target. Closes below the 20-day moving average crossing at 323.66 are
needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 352.20. Second resistance is
weekly resistance crossing at 361.05. First support is the 10-day moving average crossing at 332.85. Second support is the 20-
day moving average crossing at 323.66.
FOOD & FIBER http://quotes.ino.com/exchanges/?c=food
March coffee closed higher on Wednesday as it consolidates above the 10-day moving average crossing at 13.95. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI have turned bullish signaling that sideways to
higher prices are possible near-term. Closes above the 20-day moving average crossing at 14.22 are needed to confirm that a
short-term low has been posted. If March renews the decline off December's high, the reaction low crossing at 13.40 is the next
downside target.
March cocoa posted an inside day with a lower close on Wednesday as it extends the trading range of the past two weeks. The
low-range close sets the stage for a steady to lower opening on Thursday. 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 20-day moving average
crossing at 33.21 are needed to confirm that a short-term low has been posted while opening the door for a larger-degree
rebound during January. If March renews the decline off December's low, the reaction low crossing at 32.00 is the next
downside target.
March sugar closed higher on Wednesday and is poised to test weekly resistance crossing at 28.60. The high-range close set the
stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are turning neutral to bearish
hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 27.16 would signal that
a short-term top has been posted. If March extends the rally off December's low, monthly resistance crossing at 34.33 is the
neutral upside target.
March cotton closed higher due to short covering on Wednesday as it consolidates some of Tuesday's decline. The mid-range
close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bearish signaling that sideways to lower
prices are possible near-term. If March extends Tuesday's decline, November's low crossing at 69.75 is the next downside
target.
GRAINS http://quotes.ino.com/exchanges/?c=grains
March Corn closed up 3-cents at 4.21 3/4.
March corn closed higher on Wednesday as it extends this week's rally. A late-day rebound led to a high-range close that sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought and are turning neutral to bearish
hinting that another short-term top might be in or is near. Closes above 4.24 1/2 or below 3.77 1/2 are needed to confirm a
breakout of a three-month old trading range and point the direction of the next trending move. First resistance is Monday's high
crossing at 4.26. Second resistance is the 75% retracement level of last year's decline crossing at 4.42 1/2. First support is the
10-day moving average crossing at 4.13 1/4. Second support is the 20-day moving average crossing at 4.05 3/4.
March wheat closed up 14 1/4-cents at 5.67 1/2.
March wheat closed higher on Wednesday as it extends the rally off December's low. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices
are possible near-term. If March extends this week's rally, the December 4th gap crossing at 5.70 is the next upside target.
Closes below the 20-day moving average crossing at 5.38 1/4 are needed to confirm that a short-term top has been posted. First
resistance is today's high crossing at 5.67 1/2. Second resistance is the December 4th gap crossing at 5.70. First support is
Monday's gap crossing at 5.49. Second support is the 20-day moving average crossing at 5.38 1/4.
March Kansas City Wheat closed up 13 3/4-cents at 5.60 1/2.
March Kansas City Wheat closed higher on Wednesday as it extends the rally off December's low. The high-range close sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways
to higher prices are possible near-term. If March extends this week's rally, the reaction high crossing at 5.86 is the next upside
target. Closes below the 20-day moving average crossing at 5.32 would confirm that a short-term top has been posted. First
resistance is today's high crossing at 5.60 1/2. Second resistance is the reaction high crossing at 5.86. First support is Monday's
gap crossing at 5.44. Second support is the 20-day moving average crossing at 5.32.
March Minneapolis wheat closed up 15 1/4-cents at 5.71 1/2.
March Minneapolis wheat closed higher on Wednesday as it extends this week's rally. The high-range close sets the stage for a
steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices
are possible near-term. If March extends this week's rally, the 62% retracement level of the November-December decline
crossing at 5.72 3/4 is the next upside target. Closes below the 20-day moving average crossing at 5.44 1/4 would confirm that
a short-term top has been posted. First resistance is today's high crossing at 5.71 3/4. Second resistance is the 62% retracement
level of the November-December decline crossing at 5.72 3/4. First support is the 10-day moving average crossing at 5.48 3/4.
Second support is the 20-day moving average crossing at 5.44 1/4.
SOYBEAN COMPLEX
March soybeans closed down 2-cents at 10.59.
March soybeans posted an inside day with a lower close on Tuesday as it consolidated some of the rally off December's low.
The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to
bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, the reaction high
crossing at 10.77 is the next upside target. Closes below the 10-day moving average crossing at 10.37 would temper the near-
term friendly outlook in the market. First resistance is Monday's high crossing at 10.74 1/2. Second resistance is the reaction
high crossing at 10.77. First support is the 20-day moving average crossing at 10.39 1/2. Second support is the 10-day moving
average crossing at 10.37.
March soybean meal closed down $1.20 at $310.20.
March soybean meal posted an inside day with a lower close on Wednesday as it consolidated some of this week's rally. The
high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish
signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, December's high
crossing at 316.50 is the next upside target. Closes below the 10-day moving average crossing at 304.50 would temper the near-
term friendly outlook in the market. First resistance is Monday's high crossing at 312.70. Second resistance is December's high
crossing at 316.50. First support is the 20-day moving average crossing at 304.80. Second support is the 10-day moving
average crossing at 304.50.
March soybean oil closed down 3 pts. at 41.07.
March soybean oil closed lower on Wednesday as it consolidates below long-term resistance crossing at 41.80. A short covering
rally tempered early-session losses and the high-range close sets the stage for a steady to higher opening on Thursday.
Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-
term. Multiple closes above last June's high would open the door for a possible test of the 38% retracement level of last year's
decline crossing at 45.51 later this year. Closes below last Thursday's gap crossing at 39.95 would confirm that a short-term
top has been posted. First resistance is Monday's high crossing at 41.90. Second resistance is the 38% retracement level of last
year's decline crossing at 45.51. First support is last Thursday's gap crossing at 39.95. Second support is the 20-day moving
average crossing at 39.88.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock
February hogs closed down $1.03 at $66.58.
February hogs closed lower on Wednesday as it consolidated some of Tuesday's rally. The low-range close sets the stage for a
steady to lower opening on Thursday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are
possible near-term. If March extends this week's rally, November's high crossing at 68.05 is the next upside target. Closes
below the 10-day moving average crossing at 65.56 would temper the near-term friendly outlook. First resistance is today's high
crossing at 67.85. Second resistance is November's high crossing at 68.05. First support is the 20-day moving average crossing
at 65.58. Second support is the 10-day moving average crossing at 65.56.
February bellies closed down $0.10 at $87.60.
February bellies closed slightly lower on Wednesday but remains above the 10-day moving average crossing at 87.28. The low-
range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral signaling that
sideways to higher prices are possible near-term. If February renews last week's rally, the reaction high crossing at 91.80 is the
next upside target. Closes below the reaction low crossing at 85.50 would confirm that a short-term top has been posted. First
resistance is the reaction high crossing at 89.30. Second resistance is the reaction high crossing at 91.80. First support is last
Tuesday's low crossing at 85.50. Second support is the reaction low crossing at 84.60.
February cattle closed down $0.37 at 85.95.
February cattle posted an inside day with a lower close on Wednesday as it consolidated some of the rally off December's low.
The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are neutral to bearish hinting that
a short-term top might be in or is near. Closes below the 20-day moving average crossing at 84.67 are needed to confirm that a
short-term top has been posted. If February extends the rally off December's low, the December 6th gap crossing at 87.00 is the
next upside target. First resistance is Monday's high crossing at 86.80. Second resistance is the December 6th gap crossing at
87.00. First support is the 10-day moving average crossing at 85.42. Second support is the 20-day moving average crossing at
84.67.
March feeder cattle closed down $0.17 at $96.75.
March Feeder cattle closed lower on Wednesday as it consolidated some of the rally off December's low. The mid-range close
sets the stage for a steady opening on Thursday. 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 December's low, the reaction high crossing
at 97.45 is the next upside target. Closes below the 20-day moving average crossing at 94.29 are needed to confirm that a short-
term top has been posted. First resistance is today's high crossing at 97.10. Second resistance is the reaction high crossing at
97.45. First support is last Thursday's gap crossing at 94.90. Second support is the 20-day moving average crossing at 94.29.
____________________________________________________________________________
E X T R E M E F U T U R E S
____________________________________________________________________________
Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/
WINNERS
BCX.F11 CBOT SOYBEAN CRUSH INDEX Jan 2011 74.25 6.50 +8.23
NG.G10 NATURAL GAS Feb 2010 6.009 0.372 +6.45
PCX PIMCO CCR TRAKRS INDEX 23.33 1.09 +4.90
LB.F10 LUMBER (RANDOM LENGTH) Jan 2010 211.0 9.7 +4.83
PMI PIMCO DJ-AIGCI MASTER INDEX 10.64 0.49 +4.83
YW.H10 WHEAT (MINI) Mar 2010 567.25 14.25 +2.58
W.H10 WHEAT Mar 2010 567.25 14.25 +2.58
KW.H10 HARD RED WINTER WHEAT Mar 2010 560.50 13.75 +2.52
HG.H10 COPPER Mar 2010 3.4945 0.0810 +2.37
SI.H10 SILVER Mar 2010 18.175 0.375 +2.11
LOSERS
BCX.N10 CBOT SOYBEAN CRUSH INDEX Jul 2010 62.50 -3.50 -5.34
NGX.H10 5 YEAR INT RATE SWAP (IMPLIED YLD) Mar 2010 3.01028 -0.10930 -3.50
KB.Y$$ CHEESE-BLOCKS (SPOT) Cash 1412.5 -27.5 -1.91
DA.H10 MILK CLASS III Mar 2010 13.98 -0.24 -1.69
LH.G10 LEAN HOGS Feb 2010 66.575 -1.025 -1.52
JY.H10 JAPANESE YEN Mar 2010 0.010825 -0.000078 -0.72
SM.N10 SOYBEAN MEAL Jul 2010 304.5 -2.0 -0.65
US.H10 T-BONDS Mar 2010 115.31250 -0.71875 -0.62
LC.G10 LIVE CATTLE Feb 2010 85.950 -0.375 -0.43
ND.H10 NASDAQ 100 INDEX Mar 2010 1878.50 -6.75 -0.36
Trade Stocks, Futures, And Forex With Up To 80% Accuracy
Complimentary Market Forecasts. Reports include:
-Trend Forecast up to 80% accurate for 1-3 days ahead
-Tomorrow's Forecasted Trading Range
-Leading Indicators, not lagging
http://www.ino.com/specials/13B3C4/mkttech/80Percent.html
____________________________________________________________________________
E X T R E M E S T O C K S
____________________________________________________________________________
Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/
WINNERS
CHNC CHINA INFRA CONSTRUCTION 6.00 1.30 +27.66
TASR TASER INTL INC 5.81 1.11 +23.62
WOR WORTHINGTON INDUSTRIES 16.74 2.86 +20.61
LECT LECTEC CORP 5.40 0.85 +18.68
SFI.PR.D ISTAR FINANCIAL INC PR D 9.3400 1.3800 +17.34
SFI.PR.G ISTAR FINANCIAL 7.65 PR G 8.73 1.28 +17.18
SPMD SUPERMEDIA 41.00 6.00 +17.14
SFI.PR.E ISTAR FINANCIAL 7.875 PR 8.9700 1.2900 +16.80
SFI.PR.I ISTAR FINANCE INC 7.50% PFI 8.58 1.23 +16.73
SFI.PR.F ISTAR FINANCIAL 7.80 PR F 8.8485 1.2485 +16.43
LOSERS
CHKDG CHESAPEAKE ENERGY PR 94.0724 -60.9276 -39.31
SURW SUREWEST COMMUNICATIONS 8.55 -1.40 -14.07
CTGX COMPUTER TASK GROUP INC 7.047 -1.153 -14.06
SONC SONIC CORP 8.9300 -1.3200 -12.88
LEAP LEAP WIRELESS INTL 16.38 -1.92 -10.49
BWEN BROADWIND ENERGY INC 7.04 -0.77 -9.86
SYMS SYMS CORP 7.08 -0.67 -8.65
CBEY CBEYOND INC 14.6401 -1.3799 -8.61
SHEN SHENANDOAH TELECOM 17.77 -1.66 -8.54
WMG WARNER MUSIC GROUP CORP 5.66 -0.52 -8.41
____________________________________________________
No comments:
Post a Comment