Summary
The Dow Future is up 6 points to 16494. The US Dollar Index climbed 0.045 points to 79.564. Gold has gained 2.840 dollars to 1285.955. Silver has climbed 0.0930 dollars to 19.1205. The Dow Industrials softened 21.97 points, at 16558.87, while the S&P 500 trended lower by 0.27 points, last seen at 1883.68. The Nasdaq Composite advanced 10.48 points to 4125.04. Streaming charts of these markets are available 24/7 at MarketClub
Key Events for Friday
8:30 AM ET. April U.S. Employment Report Non-Farm Payrolls (previous +192K) Unemployment Rate (previous 6.7%) Average Hourly Earnings (previous 24.3) Average Hourly Earnings Net Change (previous -0.01) Manufacturing Payrolls (previous -1K) Overall Workweek (previous 34.5) Overall Workweek Net Change (previous +0.2) Service Producing Payrolls (previous +167K) Government Payrolls (previous +0) Federal Payrolls (previous -9K) Non-Farm Payrolls (Bench Net Chg) Private Payroll (previous +192K) 9:45 AM ET. April ISM-NY Report on Business US ISM-NY Business Index (previous 52) 10:00 AM ET. March Manufacturers' Shipments, Inventories & Orders (M3) Total Orders (previous +1.6%) Orders, Ex-Defense (previous +1.3%) Orders, Ex-Transportation (previous +0.7%) Durable Goods 1st Est (previous +2.2%) Durable Goods Revised
The June Dollar closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June renews the decline off April's high, weekly support crossing at 78.91 is the next downside target. Closes above the 20-day moving average crossing at 79.89 are needed to confirm that a double bottom with March's low has been posted. First resistance is the 20-day moving average crossing at 79.89. Second resistance is April's high crossing at 80.77. First support is March's low crossing at 79.37. Second support is weekly support crossing at 78.91. The June Euro closed slightly lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off April's low, March's high crossing at 139.66 is the next upside target. Closes below the reaction low crossing at 137.68 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 139.03. Second resistance is March's high crossing at 139.66. First support is the reaction low crossing at 137.68. Second support is April's low crossing at 136.69. The June British Pound closed slightly higher on Thursday as it extends this year's rally. The mid-range close sets the stage for a steady opening when Friday'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 June extends the rally off March's low, weekly resistance crossing at 1.7043 is the next upside target. Multiple closes below the 20-day moving average crossing at 1.6758 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1.6916. Second resistance is weekly resistance crossing at 1.7043. First support is the 20-day moving average crossing at 1.6758. Second support is the reaction low crossing at 1.6640. The June Swiss Franc closed higher on Thursday. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off April's low, March's high crossing at .11503 is the next upside target. If June renews the decline off April's high, April's low crossing at 1.1175 is the next downside target. First resistance is April's high crossing at .11443. Second resistance is March's high crossing at .11503. First support is last Tuesday's low crossing at .11289. Second support is the 62% retracement level of the January-March-rally crossing at .11160. The June Canadian Dollar closed slightly lower on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, April's high crossing at 91.95 is the next upside target. If June renews the decline off April's high, the reaction low crossing at 89.45 is the next downside target. First resistance is April's high crossing at 91.95. Second resistance is the 38% retracement level of the 2013-2014-decline crossing at 92.96. First support is last Tuesday's low crossing at 90.43. Second support is April's low crossing at 88.45. The June Japanese Yen closed lower on Thursday. Today's low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If June renews the rally off April's low, February's high crossing at .9930 is the next upside target. If June renews the decline off April's high, April's low crossing at .9598 is the next downside target. First resistance is March's high crossing at .9886. Second resistance is February's high crossing at .9930. First support is Tuesday's low crossing at .9732. Second support is April's low crossing at .9598.
June crude oil closed lower on Thursday as it extended the decline off April's high. Today's mid-range close sets the stage for a steady opening when Friday's night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the aforementioned decline, the 50% retracement level of the January-April-rally crossing at 97.54 is the next downside target. Closes above the 20-day moving average crossing at 101.63 would confirn that a short-term low has been posted. First resistance is the 20-day moving average crossing at 101.63. Second resistance is April's high crossing at 104.99. Third resistance is weekly resistance crossing at 105.24. First support is today's low crossing at 98.74. Second support is the 50% retracement level of the January-April-rally crossing at 97.54. June heating oil closed lower on Thursday as it extended this week's decline. The mid-range close sets the stage for a steady opening when Friday's night trading begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this week's decline, April's low crossing at 284.34 is the next downside target. Closes above the 10-day moving average crossing at 297.16 would temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at 297.16. Second resistance is last Thursday's high crossing at 301.58. First support is today's low crossing at 289.30. Second support is the reaction low crossing at 286.80. June unleaded gas closed lower on Thursday as it extended Wednesday's breakout below the 20-day moving average. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this week's decline, the reaction low crosing at 287.16 is the next downside target. Closes above the 10-day moving average crossing at 301.21 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 301.21. Second resistance is April's high crossing at 306.10. First support is is the 50% retracement level of the January-April-rally crossing at 291.20. Second support is the 62% retracement level of the January-April-rally crossing at 287.65. June Henry natural gas closed lower on Thursday. Today's low-range close sets the stage for a steady to lower opening when Friday's 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 4.657 would confirm that a short-term top has been posted. If June extends the rally off April's low, February's high crossing at 4.893 is the next upside target. First resistance is Wednesday's high crossing at 4.852. Second resistance is February's high crossing at 4.893. First support is the 20-day moving average crossing at 4.657. Second support is the reaction low crossing at 4.500.
May coffee closed lower on Thursday. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 19.95 would confirm that a short-term top has been posted. If May renews this year's rally, the 75% retracement level of the 2011-2013-decline crossing at 23.20 is the next upside target. May cocoa gapped down and closed lower on Thursday. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple close above the 10-day moving average crossing at 29.65 are needed to confirm that a low has been posted. If May renews the decline off March's high, the reaction low crossing at 28.86 is the next downside target. May sugar closed higher on Thursday. The high-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May renews the rally off April's low, the reaction high crossing at 18.10 is the next upside target. Closes below the 20-day moving average crossing at 17.00 would temper the near-term friendly outlook. May cotton closed slightly lower on Thursday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends April's rally, March's high crossing at 97.35 is the next upside target. Closes below the 20-day moving average crossing at 91.52 would confirm that a short-term top has been posted.
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July Corn closed down 12-cents at 5.07. July corn closed sharply lower on Thursday and below the 20-day moving average crossing at 5.08 confirming that a short-term top has been posted. Today's decline was triggered by improving weather forecast, which raised trader hopes for better planting weather in the Midwest into next week. Today's low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends today's decline, last week's low crossing at 4.85 1/2 is the next downside target. If July renews this year's rally, the 50% retracement level of the July-January-decline crossing at 5.45 1/2 is the next upside target. First resistance is Monday's high crossing at 5.16. Second resistance is April's high crossing at 5.19. First support is the last Monday's low crossing at 4.85 1/2. Second support is the reaction low crossing at 4.80 1/4. July wheat closed down 14 1/4-cents at 7.07 1/4. July wheat closed lower due to profit taking on Thursday as it consolidated some of the rally off last Tuesday's low. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 6.91 1/2 would confirm that a short-term top has been posted. If July extends the rally off April's low, March's high crossing at 7.25 1/4 is the next upside target. First resistance is Wednesday's high crossing at 7.24 1/2. Second resistance is March's high crossing at 7.25 1/4. First support is the 20-day moving average crossing at 6.91 1/2. Second support is the reaction low crossing at 6.63 3/4. July Kansas City Wheat closed down 8 1/2-cents at 8.04. July Kansas City wheat closed lower on Thursday. Today's low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 7.60 1/2 would confirm that a short-term top has been posted. If July extends this year's rally, the 87% retracement level of the 2013-2014-decline crossing at 8.30 1/4 is the next upside target. First resistance is Wednesday's high crossing at 8.13. Second resistance is the 87% retracement level of the October-January-decline crossing at 8.30 1/4. First support is the 10-day moving average crossing at 7.75 1/2. Second support is the 20-day moving average crossing at 7.60 1/2. July Minneapolis wheat closed down 7 1/4-cents at 7.61 1/4. July Minneapolis wheat close lower on Thursday. The mid-range close sets the stage for a steady to lower opening when Friday'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 July extends the rally off April's low, the 50% retracement level of the 2013-2014-decline crossing at 7.84 1/4 is the next upside target. Closes below the 20-day moving average crossing at 7.34 1/2 would confirm that a short-term top has been posted. First resistance is today's high crossing at 7.72 1/4. Second resistance is the 50% retracement level of the 2013-2014-decline crossing at 7.84 1/4. First support is the 20-day moving average crossing at 7.34 1/2. Second support is April's low crossing at 7.06 1/2. SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " July soybeans closed down 51 3/4-cents at 14.61. July soybeans closed sharply lower on Thursday and below the 20-day moving average crossing at 14.77 1/2 confirming that a short-term top has been posted. Profit taking and unwinding bull spreads triggered by weak export sales were the main reasons for today's sell off. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought, diverging and are turning bearish with today's decline signaling that sideways to lower prices are possible near-term. If July extends today's decline, the 25% retracement level of this year's rally crossing at 14.50 3/4 is the next downside target. If July extends this year's rally, weekly resistance crossing at 15.61 is the next upside target. First resistance is April's high crossing at 15.21. Second resistance is weekly resistance crossing at 15.61. First support is the 25% retracement level of this year's rally crossing at 14.50 3/4 . Second support is the 38% retracement level of this year's rally crossing at 13.78 1/4 . July soybean meal closed down $17.00 at 476.70. July soybean meal closed sharply lower on Thursday as it consolidated some of this year's rally. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish with today's decline signaling that a short-term top might be in or is near. Multiple closes below the 20-day moving average cossing at 474.30 would confirm that a short-term top has been posted. If July extends this winter's rally, weekly resistance crossing at 505.90 is the next upside target. First resistance is Wednesday's high crossing at 494.30. Second resistance is weekly resistance crossing at 505.90. First support is the 20-day moving average cossing at 474.30. Second support is the reaction low crossing at 461.80. July soybean oil closed down 95-pts. At 41.16. July soybean oil closed sharply lower on Thursday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this week's decline, March's low crossing at 40.08 is the next downside target. Closes above the 10-day moving average crossing at 42.77 would confirm that a short-term low has been posted. First resistance is April's high crossing at 43.95. Second resistance is March's high crossing at 45.10. First support is today's low crossing at 41.10. Second support is March's low crossing at 40.08.
The June NASDAQ 100 closed higher on Thursday as it extends the rebound off Monday's low. Today's low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off April's low, April's high crossing at 3669.00 is the next upside target. Closes below Monday's low crossing at 3480.50 are needed to confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 3618.25. Second resistance is April's high crossing at 3669.00. First support is Monday's low crossing at 3480.50. Second support is April's low crossing at 3404.75. Third support is the 38% retracement level of the 2013-2014-rally crossing at 3345.52. The June S&P 500 closed lower on Thursday. Today's low-range close sets the stage for a steady to lower opening when Friday'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 June extends the rally off April's low, April's high crossing at 1892.00 is the next upside target. Closes below the 20-day moving average crossing at 1856.94 would confirm that a short-term top has been posted. First resistance is today's high crossing at 1882.50. Second resistance is April's high crossing at 1892.00. First support is the 20-day moving average crossing at 1856.94. Second support is April's low crossing at 1803.60. The Dow closed lower due to profit taking on Thursday as it consolidated some of the rally off Monday's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If The Dow extends the rally off this month's low, April's high crossing at 16,631.66 is the next upside target. Closes below Monday's low crossing at 16,312.66 would confirm that a short-term top has been posted. First resistance today's high crossing at 16,604.79. Second resistance is April's high crossing at 16,631.63. First support is Monday's low crossing at 16,312.66. Second support is the 50% retracement level of the February-April-rally crossing at 15,987.04.
June T-bonds closed up 21/32's at 135-19. June T-bonds closed higher on Thursday renewing this year's rally. The high-range close sets the stage for a steady to higher opening when Friday's night trading begins. Stochastics and the RSI are diverging but are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off April's low, weekly resistance crossing at 137-14 is the next upside target. Closes below the 20-day moving average crossing at 134-10 would confirm that a short-term top has been posted. First resistance is today's high crossing at 135-28. Second resistance is weekly resistance crossing at 137-14. First support is the 20-day moving average crossing at 134-10. Second support is the reaction low crossing at 133-14.
June hogs closed down $0.32 at $122.80. June hogs closed lower due to profit taking on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 122.98 are needed to confirm that a short-term top has been posted. If June renews the rally off April's low, the reaction high crossing at 130.60 is the next upside target. First resistance is the reaction high crossing at 130.60. Second resistance is March's high crossing at 133.40. First support is the reaction low crossing at 118.55. Second support is the 38% retracement level of the 2012-2014-rally crossing at 115.98. June cattle closed up $2.05 at 139.25. June cattle closed sharply higher on Thursday and posted a new high for the year. The high-range close sets the stage for a steady to higher opening when Friday's 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 June extends the aforementioned rally, weekly resistance crossing at 144.03 is the next upside target. Closes below the 20-day moving average crossing at 135.89 would confirm that a short-term top has been posted. First resistance is today's high crossing at 139.30. Second resistance is weekly resistance crossing at 144.03. First support is the 20-day moving average crossing at 135.89. Second support is April's low crossing at 133.95. May feeder cattle closed up $2.75 at $183.95. May Feeder cattle gapped up and closed sharply higher on Thursday. Today's high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are diverging but are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 179.80 would confirm that a short-term top has been posted. First resistance is today's high crossing at 183.95. Second resistance is unknown. First support is the 20-day moving average crossing at 179.80. Second support is last Monday's low crossing at 177.50.
June gold closed lower on Thursday. The mid-range close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes the decline off March's high, the 62% retracement level of the January-March-rally crossing at 1265.10 is the next downside target. If June renews the rally off last week's low, April's high crossing at 1330.00 is the next upside target. First resistance is Monday's high crossing at 1306.60. Second resistance is April's high crossing at 1330.00. First support is last Thursday's low crossing at 1268.40. Second support is the 62% retracement level of the January-March-rally crossing at 1265.10. May silver closed lower on Thursday. The high-range close set the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May renews the decline off February's high, last April's low crossing at 18.680 is the next downside target. Closes above the 20-day moving average crossing at 19.651 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 19.651. Second resistance is the reaction high crossing at 20.400. First support is today's low crossing at 18.750. Second support is last April's low crossing at 18.680. May copper closed slightly higher due to short covering on Thursday but remains below the 20-day moving average crossing at 305.08. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If May extends this week's decline, the reacton low crossing at 296.20 is the next downside target. Closes above the 10-day moving average crossing at 306.91 would confirm that a short-term low has been posted. First resistance is is the 50% retracement level of the December-March-decline crossing at 314.55. Second resistance is the 62% retracement level of the December-March-decline crossing at 320.90. First support is the reaction low crossing at 296.20. Second support is March's low crossing at 287.90.
| | | Top Stocks | | # | symbol | name | last | net | % | volume | score | triangles | | | 1. | AMD | ADVANCED MICRO DEVICES | 4.19 | +0.10 | +2.38% | 36,215,546 | +90 |    | Entry Signal | | 2. | MACK | MERRIMACK PHARMACEUTICALS | 6.99 | +2.60 | +37.20% | 30,768,411 | +100 | | Entry Signal | | 3. | MU | MICRON TECH | 26.250 | +0.130 | +0.50% | 28,219,745 | +90 | | Entry Signal | | 4. | SUNE | SUNEDISON INC | 20.29 | +1.06 | +5.22% | 14,989,624 | +100 | | Entry Signal | | 5. | AZN | ASTRAZENECA | 81.060 | +2.010 | +2.48% | 12,795,818 | +90 | | Entry Signal | | 6. | DAL | DELTA AIR LINES | 37.100 | +0.270 | +0.73% | 11,656,293 | +90 | | Entry Signal | | 7. | AVNR | AVANIR PHARMACEUTICALS | 4.65 | -0.33 | -7.10% | 11,630,279 | +100 | | Entry Signal | | 8. | GTAT | GT ADVANCED TECHNOLOGIES | 17.22 | +0.61 | +3.54% | 10,947,464 | +90 | | Entry Signal | | 9. | NLY | ANNALY CAPITAL | 11.66 | +0.11 | +0.94% | 10,870,436 | +100 | | Entry Signal | | 10. | MO | ALTRIA | 39.825 | -0.285 | -0.72% | 10,759,414 | +90 | | Entry Signal | |
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