The STOCK INDEXES http://quotes.ino.com/exchanges/category.html?c=indexesThe September NASDAQ 100 closed slightly lower due to profit taking on Friday as it consolidates some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the 62% retracement level of the April-May decline crossing at 1932.00 is the next upside target. Closes below the 20-day moving average crossing at 1843.63 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1924.75. Second resistance is the 62% retracement level of the April-May decline crossing at 1932.00. First support is the 10-day moving average crossing at 1849.17. Second support is the 20-day moving average crossing at 1843.63.
The September S&P 500 index closed slightly lower due to profit taking on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the 50% retracement level of the April-May decline crossing at 1121.85 is the next upside target. Closes below the 20-day moving average crossing at 1080.82 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 1117.10. Second resistance is the 50% retracement level of the April-May decline crossing at 1121.85. First support is the 10-day moving average crossing at 1084.38. Second support is the 20-day moving average crossing at 1080.82.
The Dow closed higher on Friday as it extends this week's rally. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remains bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this week's rally, the 50% retracement level of the April-June decline crossing at 10,506 is the next upside target. Closes below the 20-day moving average crossing at 10,153 would confirm that a short-term top has been posted. First resistance is today's high crossing at 10,483. Second resistance is the 50% retracement level of the April-June decline crossing at 10,506. First support is the 10-day moving average crossing at 10,193. Second support is the 20-day moving average crossing at 10,153.
INTEREST RATES http://quotes.ino.com/exchanges/category.html?c=interestSeptember T-bonds closed down 13/32's at 124-00.
September T-bonds closed lower on Friday as it consolidates some of Thursday's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If September renews this month's rally, May's high crossing at 126-05 is the next upside target. Closes below the reaction low crossing at 121-06 are needed to confirm that a short-term top has been posted. First resistance is last Monday's high crossing at 125-00. Second resistance is May's high crossing at 126-05. First support is Tuesday's low crossing at 122-15. Second support is the reaction low crossing at 121-06.
ENERGY MARKETS http://quotes.ino.com/exchanges/category.html?c=energyJuly crude oil closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 50% retracement level of last month's decline crossing at 78.46 is the next upside target. Closes below the 20-day moving average crossing at 73.56 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 78.13. Second resistance is the 50% retracement level of last month's decline crossing at 78.46. First support is the 10-day moving average crossing at 75.08. Second support is the 20-day moving average crossing at 73.56.
July heating oil closed lower due to profit taking on Friday as it consolidates some of the rally off May's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this month's rally, the 62% retracement level of May's decline crossing at 217.81 is the next upside target. Closes below the 20-day moving average crossing at 200.46 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 215.10. Second resistance is the 62% retracement level of May's decline crossing at 217.81. First support is the 10-day moving average crossing at 204.64. Second support is the 20-day moving average crossing at 200.46.
July unleaded gas closed lower due to profit taking on Friday as it consolidates some of the rally off May's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this rally, the 62% retracement level of May's decline crossing at 223.05 is the next upside target. Closes below the 20-day moving average crossing at 203.71 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 217.51. Second resistance is the 62% retracement level of May's decline crossing at 223.05. First support is the 10-day moving average crossing at 208.01. Second support is the 20-day moving average crossing at 203.71.
July Henry natural gas closed lower on Friday while extending this week's trading range. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 62% retracement level of the November-May decline crossing at 5.429 is the next upside target. Closes below the 20-day moving average crossing at 4.622 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 5.196. Second resistance is the 62% retracement level of the November-May decline crossing at 5.429. First support is the 10-day moving average crossing at 4.917. Second support is the 20-day moving average crossing at 4.622.
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CURRENCIESThe September Dollar closed lower on Friday as it extends this week's decline. The high-range close sets the stage for a steady to higher opening on Monday as September might be set up to bounce off the 25% retracement level of the November-June rally crossing at 85.71. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off last week's high, the 25% retracement level of the November-June rally crossing at 85.71 is the next downside target. Closes above the 10-day moving average crossing at 87.33 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 87.30. Second resistance is the 10-day moving average crossing at 87.33. First support is today's low crossing at 85.73. Second support is the 25% retracement level of the November-June rally crossing at 85.71.
The September Euro closed lower due to profit taking on Friday as it consolidates some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, the reaction high crossing at 124.670 is the next upside target. Closes below the 10-day moving average crossing at 121.738 would temper the near-term friendly outlook. First resistance is today's high crossing at 124.260. Second resistance is the reaction high crossing at 124.670. First support is the 20-day moving average crossing at 122.359. Second support is the 10-day moving average crossing at 121.738.
The September British Pound closed lower due to profit taking on Friday as it consolidates some of the rally off May's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this month's rally, the reaction high crossing at 1.5047 is the next upside target. Closes below the 20-day moving average crossing at 1.4589 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.4890. Second resistance is the reaction high crossing at 1.5047. First support is the 10-day moving average crossing at 1.4659. Second support is the 20-day moving average crossing at 1.4589.
The September Swiss Franc closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the 38% retracement level of the 2009-2010-decline crossing at .9130 is the next upside target. Closes below the 20-day moving average crossing at .8742 would confirm that a short-term top has been posted. First resistance is today's high crossing at .9038. Second resistance is the 38% retracement level of the 2009-2010-decline crossing at .9130. First support is the 10-day moving average crossing at .8802. Second support is the 20-day moving average crossing at .8742.
The September Canadian Dollar closed higher on Friday as it extends the rally off May's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off May's low, the reaction high crossing at 98.80 is the next upside target. Closes below the 20-day moving average crossing at 95.63 would confirm that a short-term top has been posted. First resistance is today's high crossing at 97.83. Second resistance is the reaction high crossing at 98.80. First support is the 10-day moving average crossing at 96.54. Second support is the 20-day moving average crossing at 95.63.
The September Japanese Yen closed higher on Friday as it extended the rally off last week's low. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the reaction high crossing at .11230 is the next upside target. Closes below Monday's low crossing at .10872 would confirm that a short-term top has been posted. First resistance is today's high crossing at .11071. Second resistance is the reaction high crossing at .11230. First support is Monday's low crossing at .10872. Second support is the reaction low crossing at .10785.
PRECIOUS METALS http://quotes.ino.com/exchanges/category.html?c=metalsAugust gold closed higher on Friday and posted a new all-time high as it renewed this year's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If August extends this year's rally into uncharted territory, upside targets will now be hard to project. Closes below the 20-day moving average crossing at 1223.00 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 1263.70. First support is the 10-day moving average crossing at 1236.40. Second support is the 20-day moving average crossing at 1223.00.
July silver closed higher on Friday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends this month's rally, May's high crossing at 19.845 is the next upside target. First resistance is today's high crossing at 19.275. Second resistance is May's high crossing at 19.845. First support is the 10-day moving average crossing at 18.477. Second support is the 20-day moving average crossing at 18.275.
July copper closed lower on Friday and below the 10-day moving average crossing at 289.46 tempering the friendly outlook. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews last week's rally, the reaction high crossing at 308.45 is the next upside target. First resistance is Wednesday's high crossing at 304.90. Second resistance is the reaction high crossing at 308.45. First support is today's low crossing at 284.45. Second support is last week's low crossing at 272.00.
FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=foodJuly coffee closed higher on Friday and above the 50% retracement level of the 2008-2009 decline crossing at 15.520 as it ended a two-day correction. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the 62% retracement level of the 2008-2009-decline crossing at 16.36 is the next upside target. Closes below 20-day moving average crossing at 14.05 would confirm that a short-term top has been posted.
July cocoa closed slightly lower on Friday as it consolidates below the 20-day moving average crossing at 29.44. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signaling that a short-term top has likely been posted. If July extends this month's decline, May's low crossing at 27.67 is the next downside target. Closes above the reaction high crossing at 30.67 are needed to renew the rally off May's low.
July sugar closed lower due to profit taking on Friday as it consolidates some of this month's rally. The mid-range close set the stage for a steady opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 15.14 would temper the near-term friendly outlook. If July extends this month's rally, the 38% retracement level of this year's decline crossing at 17.60 is the next upside target.
July cotton closed higher on Friday ending a three-day correction. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral signaling that sideways to higher prices are still possible near-term. Closes below today's low crossing at 79.84 would confirm that a short-term top has been posted. If July renews last week's rally, the reaction high crossing at 84.13 is the next upside target.
GRAINS http://quotes.ino.com/exchanges/category.html?c=grainsJuly Corn closed up 3 1/4-cents at 3.60 3/4.
July corn closed higher on Friday as it extends the rally off last week's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 3.73 3/4 is the next upside target. Closes below the 10-day moving average crossing at 3.48 1/2 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 3.64 1/4. Second resistance is the reaction high crossing at 3.73.3/4 First support is the 20-day moving average crossing at 3.54 1/4. Second support is the 10-day moving average crossing at 3.48 1/2.
July wheat closed down 1-cents at 4.61 3/4.
July wheat closed lower due to profit taking on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 4.76 is the next upside target. Closes below the 10-day moving average crossing at 4.45 1/2 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 4.70. Second resistance is the reaction high crossing at 4.76. First support is the 20-day moving average crossing at 4.50 1/2. Second support is the 10-day moving average crossing at 4.45 1/2.
July Kansas City Wheat closed up 1 3/4-cents at 4.97 1/4.
July Kansas City wheat closed higher on Friday as it extended the rally off last Friday's low. Profit taking tempered early session gains and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, May's high crossing at 5.28 1/4 is the next upside target. Closes below the 10-day moving average crossing at 4.75 1/4 would confirm that a short-term top has been posted. First resistance is today's high crossing at 5.07 1/2. Second resistance is May's high crossing at 5.28 1/4. First support is the 20-day moving average crossing at 4.78 3/4. Second support is the 10-day moving average crossing at 4.75 1/4.
July Minneapolis wheat closed up a 1/4-cents at 5.38 1/4.
July Minneapolis wheat closed fractionally higher on Friday as it extends this week's rally. Profit taking tempered early session gains and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI overbought but remains neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the 50% retracement level of the November-June decline crossing at 5.56 is the next upside target. Closes below the 20-day moving average crossing at 5.07 3/4 would confirm that a short-term top has been posted. First resistance is today's high crossing at 5.48 3/4. Second support is the 50% retracement level of the November-June decline crossing at 5.56. First support is the 10-day moving average crossing at 5.11. Second support is the 20-day moving average crossing at 5.07 3/4.
SOYBEAN COMPLEXJuly soybeans closed up 9-cents at 9.61.
July soybeans closed higher on Friday and above trading range resistance crossing at 9.58 1/4. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends today's rally, the reaction high crossing at 9.76 is the next upside target. Closes below the 20-day moving average crossing at 9.42 3/4 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 9.64. Second resistance is the reaction high crossing at 9.76. First support is the 20-day moving average crossing at 9.42 3/4. Second support is last Tuesday's low crossing at 9.26.
July soybean meal closed up $3.40 at $289 40.
July soybean meal closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 279.70 would confirm that a short-term top has been posted. If July renews this month's rally, April's high crossing at 296.70 is the next upside target. First resistance is Monday's high crossing at 292.90. Second resistance is April's high crossing at 296.70. First support is the 10-day moving average crossing at 285.10. Second support is the 20-day moving average crossing at 279.70.
July soybean oil closed down 13-pts. at 37.92.
July soybean oil closed lower due to profit taking on Friday as it consolidates some of the rally off last week's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If July extends this week's rally, the reaction high crossing at 38.52 is the next upside target. Closes below the 10-day moving average crossing at 37.28 would confirm that a short-term top has been posted. First resistance is today's high crossing at 38.30. Second resistance is the reaction high crossing at 38.52. First support is the 20-day moving average crossing at 37.37. Second support is the 10-day moving average crossing at 37.28.
LIVESTOCK http://quotes.ino.com/exchanges/category.html?c=livestockJuly hogs closed up $0.53 at $80.88.
July hogs closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish hinting that a low might be in or is near. Today's close above the 20-day moving average crossing at 80.70 confirms that a short-term low has been posted. If July extends this week's rally, gap resistance crossing at 81.50 is the next upside target. First resistance is Wednesday's high crossing at 81.00. Second resistance is gap resistance crossing at 81.50. First support is the 10-day moving average crossing at 79.33. Second support is last Thursday's low crossing at 77.58.
July bellies closed up $1.13 at $99.13.
July bellies gapped up and closed higher on Friday and the mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 99.43 would confirm that a low has been posted. If July renews the decline off May's high, the reaction low crossing at 94.00 is the next downside target. First resistance is the 20-day moving average crossing at 99.43. Second resistance is today's high crossing at 100.00. First support is the 10-day moving average crossing at 97.07. Second support is Tuesday's low crossing at 94.75.
August cattle closed down $0.43 at 88.20.
August cattle closed lower on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 88.99 are needed to confirm that a short-term low has been posted. If August resumes the decline off May's high, the 75% retracement level of the December-May rally crossing at 86.52 is the next downside target. First resistance is Thursday's high crossing at 89.35. Second resistance is the reaction high crossing at 91.00. First support is the 10-day moving average crossing at 88.08. Second support is last Friday's low crossing at 87.20.
August feeder cattle closed up $0.03 at $110.17.
August Feeder cattle closed higher on Friday and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 109.43 would temper the near-term friendly outlook. If August extends the aforementioned rally, gap resistance crossing at 111.53 is the next upside target. First resistance is Tuesday's high crossing at 111.30. Second resistance is gap resistance crossing at 111.53. First support is the 20-day moving average crossing at 109.43. Second support is last Monday's low crossing at 108.20
E X T R E M E F U T U R E SWINNERS
BCX.V11 CBOT SOYBEAN CRUSH INDEX Oct 2011 76.00 3.25 +4.47
SM.Z10 SOYBEAN MEAL Dec 2010 264.6 4.6 +1.77
O.U10 OATS Sep 2010 263.0 4.5 +1.73
LB.X10 LUMBER (RANDOM LENGTH) Nov 2010 213.1 3.6 +1.72
RB.Y$$ CHEESE-BARRELS (SPOT) Cash 1385 20 +1.47
PB.N10 FROZEN PORK BELLIES Jul 2010 99.125 1.125 +1.15
YK.N10 SOYBEANS (MINI) Jul 2010 961.0 9.0 +0.94
S.N10 SOYBEANS Jul 2010 961 9 +0.94
YC.N10 CORN (MINI) Jul 2010 360.75 3.25 +0.91
C.N10 CORN Jul 2010 360.75 3.25 +0.91
LOSERS
BCX.N10 CBOT SOYBEAN CRUSH INDEX Jul 2010 92.75 -3.00 -3.12
NG.V10 NATURAL GAS Oct 2010 5.144 -0.155 -2.93
DA.N10 MILK CLASS III Jul 2010 13.39 -0.21 -1.54
HG.U10 COPPER Sep 2010 2.9015 -0.0225 -0.77
RB.N10 RBOB GASOLINE Jul 2010 2.1476 -0.0164 -0.76
MD.U10 S&P MIDCAP 400 INDEX Sep 2010 768.9 -5.7 -0.74
LC.V10 LIVE CATTLE Oct 2010 89.25 -0.65 -0.72
LH.J11 LEAN HOGS Apr 2011 71.90 -0.50 -0.69
BO.Z10 SOYBEAN OIL Dec 2010 38.96 -0.16 -0.41
NK.U10 NIKKEI 225 INDEX Sep 2010 10040 -40 -0.40
E X T R E M E S T O C K SWINNERS
AMLN AMYLIN PHARMACEUTICALS 19.7799 3.2699 +19.81
WNS WNS HOLDINGS LTD ADS 12.70 2.08 +19.59
ENTR ENTROPIC COMMUNICATIONS 6.66 0.98 +17.25
UVYZY URALSVYAZINFORM SPON 6.6839 0.6839 +11.40
CVA COVANTA HOLDINGS 18.62 1.84 +10.97
RIG TRANSOCEAN 54.53 5.10 +10.32
GENT GENTIUM SPA ADR 5.100 0.455 +9.80
NATR NATURES SUNSHINE PRDCTS 12.29 1.09 +9.73
GG.WS GOLDCORP 6.79 0.60 +9.69
ALKS ALKERMES 12.67 1.11 +9.60
LOSERS
PDO PYRAMID OIL 5.6900 -0.7266 -11.32
CTC IFM INVESTMENTS LTD ADR 5.22 -0.64 -10.92
BCB COTT CORP 7.35 -0.75 -9.26
WBD WIMM BILL DANN FOODS ADR 19.72 -1.86 -8.62
COT COTT 7.18 -0.65 -8.30
PDYXN CITIGROUP PRINCIPLE PROTECTION 9.18 -0.80 -8.02
CFSG CHINA FIRE & SECURITY 10.57 -0.91 -7.93
DEST DESTINATION MATERNITY 27.08 -2.31 -7.86
SPEC SPECTRUM CONTROL INC 13.57 -1.14 -7.75
LINTA LIBERTY MEDIA 12.39 -1.03 -7.68
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