F R I D A Y E V E N I N G E X T R E M E M A R K E T S
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STOCK INDEXES & MARKETS http://quotes.ino.com/exchanges/?c=indexes+
The March NASDAQ 100 closed lower on Friday and is poised to renew this
week’s decline. The low-range close sets the stage for a steady to lower
opening when Monday’s night session begins trading. Stochastics and the RSI
have turned bearish hinting that a short-term top might be in or is near.
Closes below the 20-day moving average crossing at 2608.17 are needed to
confirm that a short-term top has been posted. If March renews the rally off
November’s low, the 62% retracement level of the September-November decline
crossing at 2715.55 is the next upside target. First resistance is Monday’s
high crossing at 2688.00. Second resistance is the 62% retracement level of the
September-November decline crossing at 2715.55. First support is the 20-day
moving average crossing at 2608.17. Second support is November’s low crossing
at 2502.00.
The March S&P 500 closed higher on Friday. The low-range close sets the
stage for a steady to lower opening when Monday’s night session begins trading.
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 1385.23 are needed to confirm that a short-term top
has been posted. If March extends the rally off November’s low, November’s high
crossing at 1418.40 is the next upside target. First resistance is Monday’s
high crossing at 1415.00. Second resistance is November’s high crossing at
1418.40. First support is the 20-day moving average crossing at 1385.23. Second
support is November’s low crossing at 1340.00.
The Dow closed higher on Friday as it extends the rally off November’s low.
The high-range close sets the stage for a steady to higher opening on Monday.
Stochastics and the RSI are overbought but are neutral to bullish signaling
that sideways to higher prices are possible near-term. If the Dow extends the
rally off November’s low, November’s high crossing at 13,290 is the next upside
target. Closes below the 20-day moving average crossing at 13,877 would confirm
that a short-term top has been posted. First resistance is today’s high
crossing at 13,145. Second resistance is November’s high crossing at 13,290.
First support is the 20-day moving average crossing at 13,877. Second support
is November’s crossing at 12,471.
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March T-bonds closed down 30/32’s at 149-17.
March T-bonds closed lower 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 are neutral to bullish signaling
that sideways to higher prices are possible near-term. If March extends the
rally off last week’s low, November’s high crossing at 151-10 is the next
upside target. Closes below the reaction low crossing at 148-11 would confirm
that a short-term top has been posted while opening the door for additional
weakness near-term. First resistance is November’s high crossing at 151-10.
Second resistance is July’s high crossing at 153-11. First support is the
reaction low crossing at 148-11. Second support is the reaction low crossing at
146-08.
ENERGY MARKETS http://quotes.ino.com/exchanges/category.html?c=energy
January crude oil closed lower on Friday as it extends this week’s decline.
The low-range close sets the stage for a steady to lower opening when Monday’s
night session begins. Stochastics and the RSI are bearish signaling that
sideways to lower prices are possible near-term. If January renews the decline
off September’s high, the 87% retracement level of the June-September rally
crossing at 82.36 is the next downside target. Closes above the reaction high
crossing at 89.67 are needed to confirm an upside breakout of a six week old
trading range. First resistance is the reaction high crossing at 89.67. Second
resistance is the reaction high crossing at 93.98. First support is the 75%
retracement level of the June-September rally crossing at 85.06. Second support
is the 87% retracement level of the June-September rally crossing at 82.36.
January heating oil closed lower on Friday as it extends this week’s
decline. The low-range close sets the stage for a steady to lower opening when
Monday’s night session begins trading. Stochastics and the RSI are bearish
signaling that sideways to lower prices are possible near-term. If January
extends the decline off this week’s high, the 50% retracement level of the
June-October rally crossing at 290.21 is the next downside target. Closes above
the 20-day moving average crossing at 301.98 would signal that a short-term low
has been posted. First resistance is the 20-day moving average crossing at
301.98. Second resistance is the reaction high crossing at 310.26. First
support is today’s low crossing at 291.23. Second support is the 50%
retracement level of the June-October rally crossing at 290.21.
January unleaded gas closed slightly higher due to short covering on Friday
as it consolidates some of this week’s decline. The mid-range close sets the
stage for a steady opening when Monday’s night session begins trading.
Stochastics and the RSI are bearish signaling that sideways to lower prices are
possible near-term. If January extends this week’s decline, November’s low
crossing at 253.24 is the next downside target. Closes above the 10-day moving
average crossing at 268.07 would confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 268.07. Second
resistance is Monday’s high crossing at 276.20. First support is Thursday’s low
crossing at 258.93. Second support is November’s low crossing at 253.24.
January Henry natural gas closed lower on Friday and the low-range close
sets the stage for a steady to lower opening on Monday. Stochastics and the RSI
are oversold and are turning bullish hinting that a low might be in or is near.
Closes above the 20-day moving average crossing at 3.772 are needed to confirm
that a short-term low has been posted. If January extends the decline off
November’s high, the 62% retracement level of the April-October rally crossing
at 3.454 is the next downside target. First resistance is the 20-day moving
average crossing at 3.772. Second resistance is the reaction high crossing at
3.914. First support is Wednesday’s low crossing at 3.507. Second support is
the 62% retracement level of the April-October rally crossing at 3.454.
CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies
The March Dollar closed higher on Friday as it consolidates some of the
decline off November’s high. The low-range close sets the stage for a steady to
lower opening on Monday. Stochastics and the RSI are oversold and are turning
bullish hinting that a short-term low might be in or is near. Closes above the
20-day moving average crossing at 80.76 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 the September-November rally crossing at 79.62 is the next
downside target. First resistance is the 20-day moving average crossing at
80.76. Second resistance is the reaction high crossing at 81.42. First support
is Wednesday’s low crossing at 79.78. Second support is the 75% retracement
level of the September-November rally crossing at 79.62.
The March Euro closed lower on Friday as it extends Thursday’s decline below
the 10-day moving average. The mid-range close sets the stage for a steady
opening on Monday. Stochastics and the RSI are overbought and are turning
bearish hinting that a short-term top might be in or is near. Closes below the
20-day moving average crossing at 129.01 would confirm that a short-term top
has been posted. If March renews the rally off November’s low, September’s high
crossing at 131.88 is the next upside target. First resistance is October’s
high crossing at 131.55. Second resistance is September’s high crossing at
131.88. First support is the 20-day moving average crossing at 129.01. Second
support is today’s low crossing at 128.92.
The March British Pound closed lower on Friday and below the 10-day moving
average crossing at 1.6045 signaling that a short-term top is in or is near.
The mid-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are overbought and are
turning bearish hinting that a short-term top might be in or is near. Closes
below the 20-day moving average crossing at 1.5972 are needed to confirm that a
short-term top has been posted. If March renews the rally off November’s low,
November’s high crossing at 1.6140 is the next upside target. First resistance
is Tuesday’s high crossing at 1.6126. Second resistance is November’s high
crossing at 1.6140. First support is the 20-day moving average crossing at
1.5973. Second support is the reaction low crossing at 1.5903.
The March Swiss Franc closed lower on Friday as it extends this week’s
decline. The mid-range close sets the stage for a steady to lower opening when
Monday’s night session begins trading. Stochastics and the RSI are turning
neutral to bearish hinting that a short-term top might be or is near. Closes
below the 20-day moving average crossing at .10707 would confirm that a
short-term low has been posted. If March renews the rally off November’s low,
October’s high crossing at .10874 is the next upside target. First resistance
is November’s high crossing at .10842. Second resistance is October’s high
crossing at .10874. First support is the 20-day moving average crossing at
.10707. Second support is November’s low crossing at .10555.
The March Canadian Dollar closed higher on Friday as it extends this week’s
breakout above the September-October downtrend line crossing near 100.45. The
mid-range close sets the stage for a steady to higher opening when Monday’s
night session begins trading. Stochastics and the RSI are overbought but remain
neutral to bullish signaling that sideways to higher prices are possible
near-term. If March extends the rally off November’s low, the reaction high
crossing at 102.10 is the next upside target. Closes below the 20-day moving
average crossing at 100.16 would signal that a short-term top has been posted.
First resistance is today’s high crossing at 101.02. Second resistance is the
reaction high crossing at 102.10. First support is the 20-day moving average
crossing at 100.16. Second support is the 50% retracement level of the
June-September rally crossing at 99.26.
The March Japanese Yen closed lower on Friday but the high-range close sets
the stage for a steady to higher opening when Monday’s night session begins
trading. Stochastics and the RSI are neutral to bullish hinting that a low
might be in or is near. Closes above the 20-day moving average crossing at
.12280 are needed to confirm that a short-term top has been posted. If March
renews this fall’s decline, March’s low crossing at .12000 are the next
downside target. First resistance is the reaction high crossing at .12253.
Second resistance is the 20-day moving average crossing at .12280. First
support is today’s low crossing at .12084. Second support is March’s low
crossing at .12000.
PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals
February gold closed higher due to short covering on Friday as it
consolidates some of the decline off November’s high. The high-range close sets
the stage for a steady to higher opening when Monday’s night session begins
trading. Stochastics and the RSI remain neutral to bearish signaling that
sideways to lower prices are possible near-term. If February extends the
decline off November’s high, November’s low crossing at 1674.70 is the next
downside target. Closes above the 20-day moving average crossing at 1724.00
would temper the near-term bearish outlook. First resistance is the 20-day
moving average crossing at 1724.00. Second resistance is November’s high
crossing at 1757.10. First support is today’s low crossing at 1684.10. Second
support is November’s low crossing at 1674.70.
March silver closed higher due to short covering on Friday but remains below
the 20-day moving average crossing at 33.276. The high-range close set the
stage for a steady to higher opening when Monday’s night session begins
trading. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. Closes above the 10-day moving average
crossing at 33.555 would temper the near-term bearish outlook. If March renews
the decline off November’s high, the reaction low crossing at 32.110 is the
next downside target. First resistance is November’s high crossing at 35.200.
Second resistance is October’s high crossing at 35.510. First support is the
reaction low crossing at 32.110. Second support is November’s low crossing at
30.790.
March copper closed higher on Friday as it consolidates some of Thursday’s
decline. The mid-range close sets the stage for a steady opening when Monday’s
night session begins trading. Stochastics and the RSI are overbought but remain
neutral to bullish signaling that sideways to higher prices are possible
near-term. If March extends the rally off November’s low, the 75% retracement
level of the aforementioned decline crossing at 374.08 is the next upside
target. Closes below the 20-day moving average crossing at 355.64 would confirm
that a short-term top has been posted. First resistance is Wednesday’s high
crossing at 369.40. Second resistance is the 75% retracement level of the
aforementioned decline crossing at 374.08. First support is the 10-day moving
average crossing at 362.02. Second support is the 20-day moving average
crossing at 355.64.
FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food
March coffee close higher due to short covering on Friday. The high-range
close set the stage for a steady to higher opening on Monday. Stochastics and
the RSI are neutral to bullish hinting that a low might be in or is near.
Closes above the reaction high crossing at 15.71 would confirm that a
short-term low has been posted. If March renews the decline off October’s high,
weekly support crossing at 12.90 is the next downside target.
March cocoa closed lower on Friday as it extends the decline off Monday’s
high. The mid-range close sets the stage for a steady to lower opening on
Monday. Stochastics and the RSI remain bearish signaling that sideways to lower
prices are possible near-term. If March extends this week’s decline, November’s
low crossing at 23.22 is the next downside target. Closes above the 10-day
moving average crossing at 24.58 would confirm that a short-term low has been
posted.
March sugar closed lower on Friday. The mid-range close set the stage for a
steady to lower opening on Monday. Stochastics and the RSI are turning bearish
signaling that sideways to lower prices are possible near-term. If March renews
the decline off October’s high, the 75% retracement level of the 2010-2011
rally crossing at 17.38 is the next downside target. If March renews Monday’s
rally, November’s high crossing at 20.03 is the next upside target.
March cotton closed higher due to short covering on Friday. The high-range
close sets the stage for a steady to higher opening on Monday. 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 72.46
would confirm that a short-term top has been posted. If March renews the rally
off November’s low, October’s high crossing at 76.39 is the next upside target.
GRAINS http://quotes.ino.com/exchanges/category.html?c=grains
March Corn closed down 14 1/4-cents at 7.37 1/4.
March corn closed lower on Friday and below the 20-day moving average
crossing at 7.45 1/4 signaling that a short-term top has been posted. The
low-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are bearish signaling
that additional weakness is possible near-term. If March extends this week’s
decline, November’s low crossing at 7.14 1/4 is the next downside target.
Closes above the 10-day moving average crossing at 7.54 1/4 would temper the
near-term friendly outlook. First resistance is last Wednesday’s high crossing
at 7.67 1/2. Second resistance is October’s high crossing at 7.75 3/4. First
support is today’s low crossing at 7.35. Second support is November’s low
crossing at 7.14 1/4.
March wheat closed down 1-cents at 8.61.
March wheat closed lower on Friday as it extends this week’s trading range.
The high-range close sets the stage for a steady to higher opening when
Monday’s night 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 last week’s high, November’s low crossing at 8.45
is the next downside target. Closes above the 10-day moving average crossing at
8.69 1/4 would temper the near-term bearish outlook. If March renews the rally
off November’s low, the reaction high crossing at 8.95 is the next upside
target. First resistance is last Wednesday’s high crossing at 8.80. Second
resistance is the reaction high crossing at 8.95. First support is Tuesday’s
low crossing at 8.51 1/2. Second support is November’s low crossing at 8.45.
March Kansas City Wheat closed down 2 1/4-cents at 9.09 3/4.
March Kansas City wheat closed lower on Friday. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI are
neutral to bearish signaling that sideways to lower prices are possible
near-term. If March extends the decline off last week’s high, November’s low
crossing at 8.92 1/2 is the next downside target. Closes above the 10-day
moving average crossing at 9.15 3/4 would confirm that a short-term low has
been posted. First resistance is the 20-day moving average crossing at 9.15
3/4. Second resistance is last Wednesday’s high crossing at 9.39. First support
is Tuesday’s low crossing at 8.98 1/2. Second support is November’s low
crossing at 8.92 1/2.
March Minneapolis wheat closed down 1 1/4-cents at 9.34.
March Minneapolis wheat closed lower on Friday as it extends this week’s
trading range. The mid-range close sets the stage for a steady opening when
Monday’s night session begins to trade. Stochastics and the RSI are neutral to
bearish signaling that sideways to lower prices are possible near-term. If
March extends the decline off last week’s high, November’s low crossing at 9.16
1/2 is the next downside target. If March renews the rally off November’s low,
November’s high crossing at 9.74 1/4 is the next upside target. First
resistance is last Wednesday’s high crossing at 9.57. Second resistance is
November’s high crossing at 9.74 1/4. First support is November’s low crossing
at 9.16 1/2. Second support is the 50% retracement level of this summer’s rally
crossing at 8.88 1/2.
SOYBEAN COMPLEX
January soybeans closed down 19-cents at 14.72 1/4.
January soybeans posted a key reversal down on Friday as it consolidates
some of the rally off November’s low. The low-range close sets the stage for a
steady to lower opening when Monday’s night session begins trading. Stochastics
and the RSI are overbought but remain neutral to bullish signaling that
sideways to higher prices are possible near-term. If January extends the rally
off November’s low, the reaction high crossing at 15.23 is the next upside
target. Closes below the 20-day moving average crossing at 14.33 would temper
the near-term friendly outlook. First resistance is today’s high crossing at
14.98 1/4. Second resistance is the reaction high crossing at 15.23. First
support is the 20-day moving average crossing at 14.33. Second support is
November’s low crossing at 13.72 1/4.
January soybean meal closed down $7.80 at $442.90.
January soybean meal posted a key reversal down due to profit taking on
Friday as it consolidates some of the rally off November’s low. The low-range
close sets the stage for a steady to lower opening when Monday’s night session
begins trading. Stochastics and the RSI are overbought but remain neutral to
bullish signaling that sideways to higher prices are possible near-term. If
January extends the rally off November’s low, the reaction high crossing at
467.50 is the next upside target. Closes below the 20-day moving average
crossing at 432.50 would confirm that a short-term top has been posted. First
resistance is today’s high crossing at 452.90. Second resistance is the
reaction high crossing at 467.70. First support is the 20-day moving average
crossing at 432.50. Second support is November’s low crossing at 416.70.
January soybean oil closed down 5-pts. at 51.62.
January soybean closed lower on Friday as it consolidates some of the rally
off November’s low. The high-range close sets the stage for a steady to higher
opening when Monday’s night session begins trading. Stochastics and the RSI are
overbought but remain bullish signaling that sideways to higher prices are
possible near-term. If January renews the rally off November’s low, the 50%
retracement level of the September-November decline crossing at 53.13 is the
next upside target. Closes below the 20-day moving average crossing at 49.72
are needed to confirm that a short-term low has been posted. First resistance
is today’s high crossing at 51.85. Second resistance is the 50% retracement
level of the September-November decline crossing at 53.13. First support is the
20-day moving average crossing at 49.72. Second support is November’s low
crossing at 46.89.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock
February hogs closed down $0.98 at $83.47.
February hogs gapped down and closed lower on Friday as it extends the
decline off November’s high. The mid-range close sets the stage for a steady to
lower opening when Monday’s night 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 February extends this week’s decline,
November’s low crossing at 86.65 is the next downside target. Closes above the
20-day moving average crossing at 86.39 would confirm that a short-term low has
been posted. First resistance is the 20-day moving average crossing at 86.39.
Second resistance is November’s high crossing at 88.25. First support is
today’s low crossing at 83.20. Second support is November’s low crossing at
86.65.
February cattle closed down $0.62 at 130.40.
February cattle closed lower on Friday and remain poised to extend the
decline off November’s high. The low-range close sets the stage for a steady to
lower opening when Monday’s night session begins trading. Stochastics and the
RSI are neutral to bearish signaling that sideways to lower prices are possible
near-term. If February extends the decline off November’s high, the reaction
low crossing at 128.90 is the next downside target. Closes above the 10-day
moving average crossing at 131.17 would temper the near-term bearish outlook.
First resistance is the 10-day moving average crossing at 131.17. Second
resistance is November’s high crossing at 132.90. First support is the reaction
low crossing at 128.90. Second support is November’s low crossing at 128.15.
January feeder cattle closed up $0.52 at $148.77.
January Feeder cattle closed higher on Friday as it extends this week’s
rally. The high-range close sets the stage for a steady to higher opening when
Monday’s night session begins trading. Stochastics and the RSI have turned
bullish signaling that sideways to higher prices are possible near-term. If
January extends this week’s rally, October’s high crossing at 150.80 is the
next upside target. Closes below November’s low crossing at 144.37 would renew
the decline off September’s high. First resistance is today’s high crossing at
148.90. Second resistance is October’s high crossing at 150.80. First support
is Monday’s low crossing at 145.05. Second support is November’s low crossing
at 144.34.
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E X T R E M E F U T U R E S
____________________________________________________________________________
Updated every 10 minutes around the clock.
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WINNERS
BCX.F13 SOYBEANS CRUSH INDEX Jan 2013 64.50 1.00 +1.57
CSI.K13 SOYBEAN-CORN PRICE RATIO May 2013 1.966 0.022 +1.13
LB.H13 RANDOM LENGTH LUMBER Mar 2013 353.7 3.4 +0.97
DJ.Z12 DJ INDUSTRIAL AVG Dec 2012 13143 80 +0.61
RV RUSSELL 1,000 VALUE MINI 709.81 3.84 +0.54
FC.F13 FEEDER CATTLE Jan 2013 148.775 0.525 +0.35
SP.M14 S&P 500 INDEX Jun 2014 1376.6 3.1 +0.23
YW.N13 MINI WHEAT Jul 2013 873.75 0.75 +0.09
GH RUSSELL 2000 GROWTH INDEX 468.55 0.31 +0.07
BO.N13 SOYBEAN OIL Jul 2013 52.46 0.03 +0.06
LOSERS
BCX.U13 SOYBEANS CRUSH INDEX Sep 2013 71.00 -1.75 -2.41
C.Z12 CORN Dec 2012 732.75 -15.00 -2.00
SM.F13 SOYBEAN MEAL Jan 2013 442.0 -8.7 -1.93
YC.H13 MINI CORN Mar 2013 737.25 -14.25 -1.89
LH.Z12 LEAN HOGS Dec 2012 82.30 -1.15 -1.38
S.F13 SOYBEANS Jan 2013 1472.25 -19.00 -1.28
YK.F13 MINI SOYBEAN Jan 2013 1472.25 -19.00 -1.28
LB.F13 RANDOM LENGTH LUMBER Jan 2013 343.2 -2.4 -0.69
ND.H13 NASDAQ 100 INDEX Mar 2013 2630.00 -18.25 -0.69
US.H13 US TREASURY BOND Mar 2013 149.53125 -0.96875 -0.64
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E X T R E M E S T O C K S
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WINNERS
CBMX COMBIMATRIX 8.541 6.571 +272.64
MDBX MEDBOX 29.10 6.60 +29.33
PAMT PARAMETRIC SOUND 5.11 0.77 +17.74
UNXL UNI-PIXEL 9.6884 1.4284 +17.29
PTSI PAM TRANS 10.29 1.18 +12.95
CUI CUI GLOBAL 5.90 0.60 +11.32
SAB GRUPO CASA SABA 7.10 0.70 +10.94
FSS FRONT STREET STRATEGIC YIELD F 6.30 0.60 +10.53
SGMO SANGAMO BIOSCIENCES 5.94 0.53 +9.80
CYAN CYANOTECH 5.0101 0.4101 +8.92
LOSERS
AMRN AMARIN 9.69 -2.26 -18.77
RGC REGAL ENTERTAINMENT 14.40 -1.44 -9.09
SWHC SMITH & WESSON HOLDINGS 9.92 -0.93 -8.57
SPRD SPREADTRUM COMMUNICATIONS 15.95 -1.42 -8.18
SRPT SAREPTA THERAPEUTICS 25.29 -2.19 -7.97
HVU HORIZONS BETAPRO S&P 500 VIX B 5.31 -0.42 -7.33
MACK MERRIMACK PHARMACEUTICALS 6.21 -0.49 -7.31
CCSC COUNTRY STYLE COOKING 6.42 -0.50 -7.23
YOKU YOUKU TUDOU 13.95 -1.04 -6.94
NXY NEXEN 23.53 -1.64 -6.69
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T H A N K Y O U
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