Stocks are lower as early optimism faded. The Obama administration still hasn’t provided any concrete details about their plan for the financial markets; this is pressuring financials.
March S&P: Failed at Friday’s high, is now testing Friday’s low at 752.50. Momentum shows more downside. Still watching for a test of the November low at 737.25
March NASDAQ: The January low at 1132 is the next target
March Dollar Index: Good buy day rally. Cleared 8719 resistance, 8751 is next
March EuroFX: Broke Fibonacci support at 12748, the 127 area is next
April Gold: Good bounce off 975 support for this bull market. See my blog post about gold from earlier here:
May Sugar: No breakout yet, 1291 is key support
April Crude Oil: A failed attempt to regain $40, 3880 is last support for today
