U.S. STOCK INDEXES

The stock indexes are weaker in early morning electronic trading. Bulls are fading.

March S&P 500: The shorter-term moving averages (4-, 9- and 18-day) are neutral early today. The 4-day moving average is below the 9-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI, slow stochastics) are bearish early today. Today, shorter-term technical support comes in at 1,460.00. Sell stops likely reside just under that level. More sell stops likely reside under shorter-term technical support at 1,450.00. Upside resistance for active traders today is located at the overnight high of 1,477.90 and then at 1,488.00. Buy stops are likely located just above those levels. Wyckoff's Intra-day Market Rating: 4.0

Today's key near-term Fibonacci support/resistance level: 1,477.00.

PIVOT POINT LEVELS FOR MARCH S&P 500:

Pivot:------------ 1,487.10
1st Support:------ 1,469.30
2nd Support:------ 1,460.20
1st Resistance:--- 1,496.20
2nd Resistance:--- 1,514.00

March Nasdaq Index: The shorter-term moving averages (4- 9-and 18-day) are neutral early today. The 4-day moving average is below the 9-day. The 9-day average is above the 18-day. Short-term oscillators (RSI, slow stochastics) are bearish early today. Shorter-term technical support is located at the overnight low of 2,076.75. Sell stops likely reside just below that level, and then more sell stops are likely located just below technical support at 2,060.00. On the upside, short-term resistance is seen at the overnight high of 2,095.00 and then at 2,112.00. Buy stops are likely located just above those levels. Wyckoff's Intra-Day Market Rating: 4.0

Today's key near-term Fibonacci support/resistance level: 2,071.00

PIVOT POINT LEVELS FOR MARCH NASDAQ:

Pivot:------------ 2,102.60
1st Support:------ 2,083.20
2nd Support:------ 2,072.60
1st Resistance:--- 2,113.20
2nd Resistance:--- 2,132.60

March Dow: Sell stops likely reside just below support at last week's low of 13,410 and then more stops just below support at this month's low of 13,335. Buy stops likely reside just above shorter-term technical resistance at 13,500 and then just above resistance at Friday's high of 13,591. Shorter-term moving averages are neutral early today, as the 4-day moving average is below the 9-day. The 9-day moving average is above the 18-day moving average. Shorter-term oscillators (RSI, slow stochastics) are neutral to bearish early today. Wyckoff's Intra-Day Market Rating: 4.0

Today's key near-term Fibonacci support/resistance level: 13,361

PIVOT POINT LEVELS FOR MARCH DOW:

Pivot:------------ 13,485
1st Support:------ 13,380
2nd Support:------ 13,319
1st Resistance:--- 13,546
2nd Resistance:--- 13,651

U.S. TREASURY BONDS AND NOTES

U.S. T-Bonds and T-Notes futures prices are higher in early trading. Short covering is featured today and the bulls are still in trouble as fresh downtrends are in place on the daily bar charts for bonds and notes.

March U.S. T-Bonds: Shorter-term moving averages (4- 9- 18-day) are bearish early today. The 4-day moving average is below the 9-day. The 9-day is below the 18-day moving average. Oscillators (RSI, slow stochastics) are neutral to bearish early today. Shorter-term technical resistance lies at the overnight high of 114 12/32. Buy stops likely reside just above that level. More buy stops likely reside just above technical resistance at 114 24/32. Shorter-term technical support lies at last week's low of 113 18/32. Sell stops likely reside just below that level. More sell stops are likely located below support at 113 7/32. Wyckoff's Intra-Day Market Rating: 5.0

Today's key near-term Fibonacci support/resistance level:115 24/32

PIVOT POINT LEVELS FOR MARCH T-BONDS:

Pivot:----------- 113 30/32
1st Support:----- 113 14/32
2nd Support:----- 113 2/32
1st Resistance:-- 114 10/32
2nd Resistance:-- 114 26/32

March U.S. T-Notes: Shorter-term oscillators (RSI, slow stochastics) are neutral early today. Buy stops likely reside just above shorter-term technical resistance at the overnight high of 112.10.0 and then just above resistance at 112.16.0. Shorter-term moving averages are bearish early today. The 4-day moving average is below the 9-day and 18-day. The 9-day is below the 18-day moving average. Sell stop orders are likely located just below support at last week's low of 111.23.5 and then more sell stops just below support at 111.16.0. Wyckoff's Intra Day Market Rating: 4.0

Today's key near-term Fibonacci support/resistance level: 112.24.0

PIVOT POINT LEVELS FOR MARCH T-NOTES:

Pivot:------------ 112.01.0
1st Support:------ 111.22.0
2nd Support:------ 111.14.0
1st Resistance:--- 112.09.0
2nd Resistance:--- 112.20.0