Summary 22/09/2014 The Dow Future is falling 37 points to 17175. The US Dollar Index rose 0.492 points to 84.782. Gold has climbed 0.550 dollars to 1213.310. Silver has advanced 0.221 dollars to 17.710. The Dow Industrials advanced 13.75 points, at 17279.74, while the S&P 500 fell 0.96 points, last seen at 2010.40. The Nasdaq Composite retreated 13.71 points to 4579.72. Streaming charts of these markets are available 24/7 at MarketClub Blog Postings and Videos Building a Better Trader - Volume 1: Laying the Foundation Sunday Sep 21st How to Find Trading Opportunities in ANY Market: Fibonacci Analysis Saturday Sep 20th Weekly Futures Recap With Mike Seery Friday Sep 19th Key Events for Monday 8:30 AM ET. Aug Chicago Fed National Activity Index National Activity Index (previous 0.39) 3 Month Moving Average (previous 0.25) 10:00 AM ET. Aug Existing Home Sales Total Sales (previous 5.15M) Percent Change (previous +2.4%) Months Supply (previous 5.5) Median Price (previous 222900) Median Price - Yrly % Chg (previous +4.9%) Currencies Snapshot Symbol Last Change % US DOLLAR INDEX 84.782 +0.492 +0.63% POWERSHARES DB US DOLLAR INDEX 22.5401 +0.1101 +0.49% US Dollar/Canadian Dollar 1.09844 +0.00409 +0.37% Euro/US Dollar 1.284045 -0.001465 -0.11% JAPANESE YEN Dec 2014 0.009177 -0.000009 -0.10% SWISS FRANC Dec 2014 1.0649 +0.0009 +0.08% US Dollar/Hong Kong Dollar 7.751275 -0.000065 -0.00% CURRENCIES The December Dollar closed higher on Friday as it extends this years rally. The high-range close sets the stage for a steady to higher opening when Mondays night session begins trading. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off Mays low, weekly resistance crossing at 87.00 is the next upside target. Closes below the 20-day moving average crossing at 83.72 would confirm that a short-term top has been posted. First resistance is weekly resistance crossing at 84.96. Second resistance is weekly resistance crossing at 87.00. First support is Tuesdays low crossing at 84.00. Second support is the 20-day moving average crossing at 83.72. The December Euro closed lower on Friday renewing the decline off Mays high. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this summers decline, weekly support crossing at 127.56 is the next downside target. Closes above the 20-day moving average crossing at 130.32 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 130.32. Second resistance is the reaction high crossing at 132.29. First support is todays low crossing at 128.38. Second support is weekly support crossing at 127.56. The December British Pound posted a downside reversal on Friday as it consolidates some of the rally off last Wednesdays low. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 1.6355 are needed to confirm that a short-term low has been posted. If December resumes the decline off Julys high, the 50% retracement level of the 2013-2014-rally crossing at 1.6007 is the next downside target. First resistance is todays high crossing at 1.6515. Second resistance is the reaction high crossing at 1.6629. First support is last Wednesdays low crossing at 1.6039. Second support is the 50% retracement level of the 2013-2014-rally crossing at 1.6007. The December Swiss Franc closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off Julys high, the 87% retracement level of the 2013-2014-rally crossing at 1.0518 is the next downside target. Closes above the 20-day moving average crossing at 1.0792 would confirm that a low has been posted. First resistance is Tuesdays high crossing at 1.0751. Second resistance is the 20-day moving average crossing at 1.0792. First support is the 75% retracement level of the 2013-2014-rally crossing at 1.0653. Second support is the 87% retracement level of the 2013-2014-rally crossing at 1.0518. The December Canadian Dollar closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this weeks rally, Augusts high crossing at 92.26. If December renews the decline off Julys high, the 75% retracement level of the March-July-rally crossing at 89.67 is the next downside target. First resistance is todays high crossing at 91.67. Second resistance is Augusts high crossing at 92.26. First support is Mondays low crossing at 89.90. Second support is the 75% retracement level of the March-July-rally crossing at 89.67. The December Japanese Yen closed lower on Friday as it extends this months decline. Todays high-range close sets the stage for a steady to higher opening when Mondays 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 December extends the decline off Junes high, weekly support crossing at .9013 is the next downside target. Closes above the 20-day moving average crossing at .9455 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at .9323. Second resistance is the 20-day moving average crossing at .9455. First support is todays low crossing at .9143. Second support is weekly support crossing at .9013. Energy Snapshot Symbol Last Change % CRUDE OIL Nov 2014 91.81 +0.16 +0.17% NY HARBOR ULSD HEATING OIL Nov 2014 2.7148 -0.0080 -0.29% NATURAL GAS Nov 2014 3.926 +0.023 +0.59% RBOB GASOLINE Nov 2014 2.5091 -0.0179 -0.71% POWERSHARES DWA ENERGY MOMENT 60.3199 -0.5001 -0.83% UNITED STATES GASOLINE 56.24 +0.43 +0.76% ENERGIES October crude oil closed lower on Friday. The mid-range close sets the stage for a steady opening when Mondays night session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October resumes the decline off Junes high, the 50% retracement level of the 2009-2011-rally crossing at 85.64 is the next downside target. Closes above the reaction high crossing at 96.00 are needed to confirm that a low has been posted. First resistance is Tuesdays high crossing at 95.19. Second resistance is the reaction high crossing at 96.00. First support is is the 38% retracement level of the 2009-2011-rally crossing at 90.62. Second support is the 50% retracement level of the 2009-2011-rally crossing at 85.64. October heating oil closed slightly higher on Friday but remains below the 75% retracement level of the 2013-2014-rally crossing at 272.14. The mid-range close sets the stage for a steady to lower opening when Mondays night trading begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this summers decline, the 87% retracement level of the 2013-2014-rally crossing at 266.22 is the next downside target. Closes above the 20-day moving average crossing at 279.69 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 275.19. Second resistance is the 20-day moving average crossing at 279.69. First support is Thursdays low crossing at 270.10. Second support is the 87% retracement level of the 2013-2014-rally crossing at 266.22. October unleaded gas closed higher on Friday and above the 20-day moving average crosing at 257.21 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Mondays night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends todays rally, the reaction high crossing at 263.47 is the next upside target. If October resumes this summers decline, the 62% retracement level of the 2012-2014-rally crossing at 242.55 is the next downside target. First resistance is todays high crossing at 261.38. Second resistance is the reaction high crossing at 263.47. First support is Mondays low crossing at 249.50. Second support is the 62% retracement level of the 2012-2014-rally crossing at 242.55. October Henry natural gas closed lower on Friday and the low-range close sets the stage for a steady to lower opening when Mondays session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends todays decline, Julys low crossing at 3.740 is the next downside target. Closes below Julys low crossing at 3.740 would confirm a downside breakout of the late-summer trading range. Closes above the late-August high crossing at 4.101 are needed to confirm an upside breakout of the late-summer trading range. First resistance is Wednesdays high crossing at 4.040. Second resistance is the late-August high crossing at 4.101. First support is Augusts low crossing at 3.760. Second support is Julys low crossing at 3.740. Food Snapshot Symbol Last Change % COCOA Dec 2014 3276 +17 +0.52% COFFEE Dec 2014 177.3 -0.7 -0.39% ORANGE JUICE-A Nov 2014 142.75 -0.55 -0.39% IPATH DJ-UBS SUGAR TRUST 40.55 -0.40 -0.98% IPATH DJ-UBS SOFTS TRUST 47.00 -0.14 -0.32% FOOD & FIBER December coffee closed lower on Friday as it broke out to the downside of a six-day trading range thereby renewing this months decline. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this months decline, the reaction low crossing at 17.30 is the next downside target. Closes above the 20-day moving average crossing at 19.16 would confirm that a low has been posted. December cocoa closed higher for the six day in a row on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this weeks rally, Augusts high crossing at 33.00 is the next upside target. Closes below the 10-day moving average crossing at 31.02 would confirm that a short-term top has been posted. October sugar closed lower on Friday and the low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this summers decline, weekly support crossing at 13.00 is the next downside target. Closes above the 20-day moving average crossing at 14.79 would confirm that a low has been posted. December cotton closed lower on Friday as it extends the decline off last weeks high. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this weeks decline, Augusts low crossing at 62.02 is the next downside target. Closes above the 20-day moving average crossing at 66.07 would temper the near-term bearish outlook. Futures Spread Trading - Complimentary Guide This informative guide from RJO Futures can help you learn more about spread trading. Spread trading offers traders lower margin rates, less price volatility and lower exposure to market events. Youll learn: - What spread trading is - The mechanics of spread trading - Types of spreads and how to chart them Click here for access to this informative guide. Grains Snapshot Symbol Last Change % CORN Dec 2014 330.00 -1.50 -0.45% OATS Dec 2014 336.25 -1.00 -0.30% WHEAT Dec 2014 479.25 +4.75 +1.00% TEUCRIUM CORN 23.5499 -0.4301 -1.83% IPATH DJ-UBS GRAINS TRUST 33.79 -0.76 -2.25% ELEMENTS MLCX GRAINS INDEX TRUST 4.52 -0.10 -2.22% SOYBEANS Nov 2014 943.75 -13.25 -1.38% SOYBEAN (MINI) Nov 2014 943.75 -13.25 -1.38% SOYBEAN MEAL Dec 2014 311.4 -4.0 -1.27% TEUCRIUM SOYBEAN 20.4966 +0.0066 +0.03% GRAINS December Corn closed down 6 3/4-cents at 3.31 1/2. December corn closed lower on Friday as a record corn crop looms on the horizon and a rising US Dollar could impede export sales. Weather forecasts show drier weather for much of the Midwest through early October, which should aid harvest and drying down of this years corn crop. A stronger dollar is also pressuring corn prices. The stronger dollar is trading at a four-year high against a basket of foreign currencies and may hurt grain exports as they make crops more expensive to foreign buyers. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are neutral to bearish again signaling that sideways to lower prices are possible near-term. If December extends the decline off Augusts high, monthly support crossing at 3.24 1/2 is the next downside target. Closes above the 20-day moving average crossing at 3.51 3/4 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 3.51 3/4. Second resistance is the reaction high crossing at 3.70. First support is last todays low crossing at 3.31 1/2. Second support is monthly support crossing at 3.24 1/2. December wheat closed down 14-cents at 4.74 1/2. December wheat closed lower on Friday due to spillover weakness from corn and soybeans. The low-range close sets the stage for a steady to lower opening when Mondays 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 December extends the decline off Augusts high, monthly support crossing at 4.25 1/2 is the next downside target. Closes above the 20-day moving average crossing at 5.29 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 5.05 1/4. Second resistance is the 20-day moving average crossing at 5.29. First support is todays low crossing at 4.73 3/4. Second support is monthly support crossing at 4.25 1/2. December Kansas City Wheat closed down 9 1/2-cents at 5.60 1/4. December Kansas City wheat closed lower on Friday as it extends this summers decline. 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 December extends the decline off Mays high, weekly support crossing at 5.24 is the next downside target. Closes above the 20-day moving average crossing at 6.14 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 5.94 3/4. Second resistance is the 20-day moving average crossing at 6.14. First support is todays low crossing at 5.60 1/4. Second support is weekly support crossing at 5.24. December Minneapolis wheat closed down 14 3/4-cents at 5.35 1/2. December Minneapolis wheat closed lower on Friday as it extends this summers decline. The low-range close sets the stage for a steady to lower opening when Mondays 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 December extends the decline off Mays high, psychological support crossing at 5.00 is the next downside target. Closes above the 20-day moving average crossing at 5.99 3/4 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 5.76 3/4. Second resistance is the 20-day moving average crossing at 5.99 3/4. First support is todays low crossing at 5.34 1/4. Second support is psychological support crossing at 5.00. SOYBEAN COMPLEX? quotes.ino/ex?changes/?c=grains November soybeans closed down 14 1/2-cents at 9.57. November soybeans closed lower on Friday as it extends this summers decline in the face of a looming record soybean harvest. The low-range close sets the stage for a steady to lower opening when Mondays 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 November extends the decline off Mays high, monthly support crossing at 9.30 1/2 is the next downside target. Multiple closes above the 20-day moving average crossing at 10.04 3/4 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 9.84 1/4. Second resistance is the 20-day moving average crossing at 10.04 3/4. First support is todays low crossing at 9.56. Second support is monthly support crossing at 9.30 1/2. December soybean meal closed down $4.90 at 315.40. December soybean meal closed lower on Friday and below the 75% retracement level of the 2012-2014-rally crossing at 319.30 as it extends this months decline. The low-range close sets the stage for a steady to lower opening when Mondays 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 December extends the decline off Mays high, the 87% retracement level of the 2012-2014-rally crossing at 304.40 is the next downside target. Closes above the 20-day moving average crossing at 338.60 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 328.80. Second resistance is the 20-day moving average crossing at 338.60. First support is todays low crossing at 315.00. Second support is the 87% retracement level of the 2012-2014-rally crossing at 304.40. December soybean oil closed down 29 pts. at 32.58. December soybean oil closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes this years decline, weekly support crossing at 29.57 is the next downside target. If December extends the rally off last Wednesdays low, the 25% retracement level of this summers decline crossing at 34.41 is the next upside target. First resistance is Tuesdays high crossing at 33.83. Second resistance is the 25% retracement level of this summers decline crossing at 34.41. First support is last Wednesdays low crossing at 31.52. Second support is weekly support crossing at 29.57. Indexes Snapshot Symbol Last Change % DJ 30 INDUSTRIALS 17279.74 +13.75 +0.08% NASDAQ COMPOSITE INDEX (COMBINED) 4579.72 -13.71 -0.30% S&P 500 CASH 2010.40 -0.96 -0.05% SPDR S&P 500 200.790 -0.090 -0.04% QQQQ VOLATILITY INDEX 10.48 +0.33 +3.16% iShares RUSSELL 2000 INDEX 113.94 -1.49 -1.31% U.S. STOCK INDEXES The December NASDAQ 100 closed slightly lower on Friday as it consolidates some of the rally off Tuesdays low. The mid-range close sets the stage for a steady opening when Mondays night session begins trading. Stochastics and the RSI are diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this years rally, monthly resistance crossing at 4258.97 is the next upside target. Closes below Tuesdays low crossing at 4004.25 would confirm that a short-term top has been posted. First resistance is todays high crossing at 4118.75. Second resistance is monthly resistance crossing at 4258.25. First support is Tuesdays low crossing at 4004.25. Second support is Augusts low crossing at 3819.75. The December S&P 500 closed lower due to profit taking on Friday but not before posting a new high for the year. Todays low-range close sets the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off Augusts low into uncharted territory, upside targets will be hard to project. Closes below Mondays low crossing at 1969.00 would confirm that a short-term top has been posted. First resistance is todays high crossing at 2014.30. Second resistance is unknown. First support is Mondays low crossing at 1969.00. Second support is the reaction low crossing at 1930.20. The Dow posted a new all-time high as it closed higher on Friday. U.S. Stocks fluctuated as shares of Alibaba Group Holding Ltd. began trading and corporate takeovers boosted investor optimism. Alibaba climbed 35 percent in its U.S. trading debut, after the company raised a record-breaking $21.8 billion. Dresser-Rand Group Inc. rallied 10 percent as Siemens AG prepared to offer more than $6.5 billion for the company, according to people familiar with the plan. Oracle Corp. (ORCL) slid 4.5 percent after Larry Ellison stepped down as chief executive officer. Todays mid-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 the Dow extends this weeks rally into uncharted territory, upside targets will be hard to project. Closes below last Fridays low crossing at 16,937.67 would confirm that a short-term top has been posted. First resistance is todays high crossing at 17,350.64. Second resistance is unknown. First support is last Fridays low crossing at 16,937.67. Second support is the reaction low crossing at 16,575.42. Interest Snapshot Symbol Last Change % T-BONDS Dec 2014 136.81250 +0.21875 +0.16% iShares FLOATING RATE NOTE 50.8263 +0.0163 +0.03% 5 YEAR T-NOTES Dec 2014 118.031250 +0.101563 +0.09% ULTRA T-BONDS Dec 2014 150.62500 +0.31250 +0.21% POWERSHARES SENIOR LOAN PORTF 24.50 +0.04 +0.16% INTEREST RATES December T-bonds closed up 1-01/32s at 136-24. December T-bonds closed sharply higher due to short covering on Friday as it rebounds off the 50% retracement level of the March-August-rally crossing at 135-21. The high-range close sets the stage for a steady to higher opening when Mondays night trading begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off Augusts high, the 62% retracement level of the March-August-rally crossing at 134-17 is the next downside target. Closes above the 20-day moving average crossing at 137-28 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 136-21. Second resistance is the 20-day moving average crossing at 137-28. First support is the 50% retracement level of the March-August-rally crossing at 135-21. Second support is the 62% retracement level of the March-August-rally crossing at 134-17. Livestock Snapshot Symbol Last Change % FEEDER CATTLE Oct 2014 228.725 +0.975 +0.43% LEAN HOGS Dec 2014 94.850 +1.050 +1.11% LIVE CATTLE Dec 2014 158.700 -0.225 -0.14% IPATH DJ-UBS LIVESTOCK TRUST SUB 31.5267 +0.0767 +0.24% LIVESTOCK October hogs closed up $3.00 at $105.97. October hogs gapped up and closed limit up on Friday leaving an island bottom on the daily chart. Todays limit up close sets the stage for a steady to higher opening when Mondays night session begins trading. 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 101.76 would confirm that a short-term top has been posted. If October resumes the rally off Augusts low, the 62% retracement level of the July-Augusts decline crossing at 107.61 is the next upside target. First resistance is Wednesdays high crossing at 107.20. Second resistance is the 62% retracement level of the July-Augusts decline crossing at 107.61. First support is Thursdays low crossing at 102.10. Second support is the 20-day moving average crossing at 101.76. October cattle closed up $0.02 at 155.62. October cattle closed slightly higher on Friday. The mid-range close sets the stage for a steady opening when Mondays session begins trading. 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 153.48 would confirm that a double top has been posted. If October renews the rally off Augusts low, Julys high crossing at 160.70 is the next upside target. First resistance is last Wednesdays high crossing at 160.50. Second resistance is Julys high crossing at 160.70. First support is Thursdays low crossing at 154.70. Second support is the 20-day moving average crossing at 154.48. October feeder cattle closed up $1.02 at $228.72. October Feeder cattle closed higher on Friday and posted a new contract high. The high-range close sets the stage for a steady to higher opening when Mondays 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 October extends the rally off Augusts low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 221.64 would confirm that a short-term top has been posted. First resistance is todays high crossing at 228.75. Second resistance is unknown. First support is the 10-day moving average crossing at 226.85. Second support is the 20-day moving average crossing at 221.64. Metals Snapshot Symbol Last Change % GOLD Dec 2014 1213.5 -3.1 -0.25% SPDR GOLD SHARES 117.08 -0.70 -0.60% SILVER Dec 2014 17.600 -0.244 -1.37% PALLADIUM Dec 2014 809.00 -3.60 -0.44% DIREXION DAILY GOLD MINERS BEA 23.992 +1.472 +6.14% POWERSHARES DB PRECIOUS METALS 38.57 -0.52 -1.35% PRECIOUS METALS December gold closed lower on Friday as it extends the decilne off Julys high. The low-range close sets the stage for a steady to lower opening when Mondays 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 December extends the decline off Julys high, the 87% retracement level of the December-March-rally crossing at 1211.70 is the next downside target. Closes above the 20-day moving average crossing at 1257.20 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1237.00. Second resistance is the 20-day moving average crossing at 1257.20. First support is todays low crossing at 1214.20. Second support is the 87% retracement level of the December-March-rally crossing at 1211.70. December silver closed sharply lower on Friday and posted a new low close for the month. The low-range close set the stage for a steady to lower opening when Mondays night session begins trading. Stochastics and the RSI are oversold but are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off Julys high, the February-2010 low crossing at 15.425 is the next downside target. Closes above the 20-day moving average crossing at 19.002 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 19.002. Second resistance is the reaction high crossing at 19.950. First support is todays low crossing at 17.780. Second support is the February-2010 low crossing at 15.425. December copper closed lower on Friday and the mid-range close sets the stage for a steady opening when Mondays night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. If December resumes the decline off the late-August high, the 62% retracement level of the March-July-rally crossing at 304.13 is the next downside target. Closes above Tuesdays high crossing at 321.20 are needed to confirm that a low has been posted. First resistance is Tuesdays high crossing at 321.20. Second resistance is the reaction high crossing at 324.60. First support is last Thursdays low crossing at 306.25. Second support is the 62% retracement level of the March-July-rally crossing at 304.13. Top Stocks # symbol name last net % volume score triangles 1. VZ VERIZON COMMUNICATIONS 50.35 +0.66 +1.31% 30,109,015 +100 Green Daily 49.080000 2014-09-16 Green Weekly 50.030000 2014-09-19 Green Monthly 48.460000 2014-05-08 Entry Signal 2. CSCO CISCO SYSTEMS 25.145 -0.075 -0.30% 28,511,623 +100 Green Daily 25.089900 2014-09-11 Green Weekly 25.140000 2014-09-11 Green Monthly 23.000000 2014-04-01 Entry Signal 3. EMC EMC 29.55 -0.17 -0.58% 18,937,126 +90 Green Daily 29.690000 2014-09-18 Green Weekly 29.890000 2014-09-19 Green Monthly 25.850000 2014-01-15 Entry Signal 4. HIMX HIMAX TECHNOLOGIES 8.96 +0.05 +0.56% 10,829,512 +100 Green Daily 8.815000 2014-09-18 Green Weekly 6.800000 2014-08-05 Green Monthly 8.600000 2014-09-03 Entry Signal 5. GRT GLIMCHER REALTY 13.68 +0.05 +0.37% 10,728,697 +90 Green Daily 11.150000 2014-09-16 Green Weekly 11.370000 2014-09-16 Green Monthly 11.390000 2014-09-16 Entry Signal 6. DRC DRESSER-RAND GROUP 79.98 +6.95 +8.70% 10,705,181 +90 Green Daily 68.300000 2014-09-11 Green Weekly 67.580000 2014-08-18 Green Monthly 71.910000 2014-09-17 Entry Signal 7. TXN TEXAS INSTRUMENTS 48.775 -0.205 -0.42% 9,329,783 +90 Green Daily 48.180000 2014-09-17 Green Weekly 48.770000 2014-09-18 Green Monthly 44.820000 2014-02-24 Entry Signal 8. JNJ JOHNSON & JOHNSON 108.20 +0.85 +0.79% 9,129,646 +90 Green Daily 103.720000 2014-08-29 Green Weekly 102.850000 2014-08-19 Green Monthly 106.740000 2014-09-18 Entry Signal 9. ING ING GROUP 14.89 +0.34 +2.29% 8,995,057 +90 Green Daily 14.250000 2014-09-17 Green Weekly 13.770000 2014-08-25 Green Monthly 14.810000 2014-09-19 Entry Signal 10. XIV VELOCITYSHARES DAILY INVERSE V 44.49 0.00 0.00% 8,569,159 +100 Green Daily 43.580000 2014-09-17 Green Weekly 44.790000 2014-09-19 Green Monthly 33.340000 2014-05-06 Entry Signal Top Futures # symbol name last net % volume score triangles 1. ES.U14.E S&P 500 INDEX (E-MINI) Sep 2014 2022.46 +10.21 +0.51% 75,631 +100 Green Daily 1999.250000 2014-09-16 Green Weekly 2011.000000 2014-09-18 Green Monthly 1832.750000 2014-02-24 Entry Signal 2. YM.Z14.E DJ $5 (E-MINI) Dec 2014 17175 -37 -0.22% 28,407 +100 Green Daily 16985.000000 2014-09-16 Green Weekly 17069.000000 2014-09-16 Green Monthly 16987.000000 2014-08-25 Entry Signal 3. NIY.Z14.E NIKKEI 225 INDEX YEN INDEX Dec 2014 16190 -20 -0.12% 12,378 +100 Green Daily 15920.000000 2014-09-17 Green Weekly 15560.000000 2014-09-01 Green Monthly 15220.000000 2014-06-19 Entry Signal 4. SP.U14 S&P 500 INDEX Sep 2014 2022.46 +10.16 +0.50% 10,465 +100 Green Daily 1997.500000 2014-09-16 Green Weekly 2009.800000 2014-09-17 Green Monthly 1831.800000 2014-02-24 Entry Signal 5. LC.G15 LIVE CATTLE Feb 2015 160.250 +0.875 +0.55% 7,223 +100 Green Daily 159.975000 2014-09-17 Green Weekly 154.850000 2014-09-02 Green Monthly 132.900000 2014-01-09 Entry Signal 6. SP.Z14 S&P 500 INDEX Dec 2014 2003.8 -0.8 -0.04% 7,083 +100 Green Daily 1989.500000 2014-09-16 Green Weekly 2001.700000 2014-09-17 Green Monthly 1825.000000 2014-02-24 Entry Signal 7. NQ.U14.E NASDAQ 100 INDEX (E-MINI) Sep 2014 4124.20 +20.45 +0.50% 4,733 +100 Green Daily 4076.250000 2014-09-17 Green Weekly 4113.750000 2014-09-19 Green Monthly 3722.750000 2014-05-28 Entry Signal 8. NKD.Z14.E NIKKEI 225 INDEX $ INDEX Dec 2014 16225 -25 -0.15% 3,805 +100 Green Daily 15955.000000 2014-09-17 Green Weekly 15610.000000 2014-09-01 Green Monthly 15435.000000 2014-07-03 Entry Signal 9. YM.U14.E DJ $5 (E-MINI) Sep 2014 17369.32 +109.32 +0.63% 3,417 +100 Green Daily 17065.000000 2014-09-16 Green Weekly 17154.000000 2014-09-16 Green Monthly 17085.000000 2014-08-25 Entry Signal 10. FC.V14 FEEDER CATTLE Oct 2014 228.725 +1.025 +0.45% 2,667 +100 Green Daily 210.375000 2014-08-25 Green Weekly 216.750000 2014-09-02 Green Monthly 166.600000 2013-12-11 Entry Signal Thank you! Thank you for subscribing to INO Morning Commentary from INO. If you want to subscribe to our other email services, or would like to modify your profile please visit our email services page. To unsubscribe, visit here. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. 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Posted on: Mon, 22 Sep 2014 12:23:46 +0000