Dow Jones, S&P 500, Nasdaq futures outlook feb 27 2012

Dow Jones, S&P 500, Nasdaq futures outlook feb 27 2012 ; Asian stock markets were mixed Monday as high oil prices dampened enthusiasm for riskier assets like stocks ahead of the release of data likely to show that the U.S. economy is improving at a slow but steady clip. Benchmark oil remained near $109 per barrel while the dollar rose against the euro and the yen.

Japan's Nikkei 225 index was 0.5 per cent higher at 9,698.99 after briefly touching 9,736.11, the highest midday mark since Aug. 4.

On Wall Street on Friday, the Dow Jones industrial average flitted above 13,000 for a second day last week before settling marginally lower at 12,982.95. The average hasn't closed above 13,000 since May 19, 2008. The Standard & Poor's 500 index rose 0.2 per cent to 1,365.74. The Nasdaq composite index rose or 0.2 per cent to 2,963.75.

Dow Jones Futures open market outlook february 27 2012

Dow Jones Futures closed higher on Friday and the midrange close sets the stage for a steady opening on Monday. If the Dow extends the rally off October's low, the 87% retracement level of the 20072009decline crossing is the next upside target. Closes below the reaction low crossing would confirm that a shortterm top has been posted.

S&P 500 Futures open market outlook february 27 2012

S&P 500 Futures closed higher on Friday and the midrange close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off December's low, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

NASDAQ Futures open market outlook february 27 2012

NASDAQ Futures closed higher on Friday and the midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off December's low, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that shortterm top has been posted.

Crude oil open outlook february 27 2012

CRUDE OIL closed higher on Friday as it extends the rally off October's low. The highrange close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, the 2011 high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted
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