Market Commentary - U.S. STOCK MARKET INDICES, April 15th 2010

DJI closed higher on Wednesday as it extends the rally off February's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are bullish signalling that additional short-term gains are possible near-term. If it extends the rally off February's low, the 62% retracement level of the 2007-2009-decline crossing is the next upside target.SPI closed higher on Wednesday as it extended the rally off February's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Wednesday as it extended the rally off February's low. The high-range close sets the stage for a steady to higher opening on Thursday.