European and Asian stock markets were mixed overnight, as traders in Europe don’t appear too concerned about the U.K. Parliament voting down on Tuesday evening Prime Minister Theresa May’s Brexit plan. The rejection was expected by the marketplace. Now, May faces a no confidence vote Wednesday, which she is expected to survive. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. Focus in the U.S. will be on quarterly corporate earnings reports.

The important outside markets today see the U.S. dollar index slightly higher following strong gains on Tuesday. Meantime, Nymex crude oil prices are slightly lower and trading just below $52.00 a barrel. Brent crude oil futures are presently trading just above $60.00 a barrel.

U.S. economic data due for release Wednesday includes the Federal Reserve’s beige book, the weekly MBA mortgage applications survey, import and export prices, the NAHB housing market index and the weekly DOE liquid energy stocks report. Several major U.S. economic reports have been postponed because of the continuing U.S. government partial shutdown.

U.S. STOCK INDEXES

March S&P 500 e-mini futures: Prices are slightly higher and poked to another four-week high in early U.S. trading today. The shorter-term moving averages (4-, 9- and 18-day) are bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI, slow stochastics) are neutral early today. Today, shorter-term technical resistance comes in at the overnight high of 2,617.00 and then at 2,630.00. Buy stops likely reside just above those levels. Downside support for active traders today is located at Tuesday’s low of 2,580.00 and then at this week’s low of 2,567.25. Sell stops are likely located just below those levels.

March Nasdaq index December futures: Prices are slightly lower in early U.S. trading after poking to a four-week high overnight. Shorter-term moving averages (4- 9-and 18-day) are bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day average is above the 18-day. Short-term oscillators (RSI, slow stochastics) are neutral early today. Shorter-term technical resistance is seen at 6,700.00 and then at 6,750.00. Buy stops likely reside just above those levels. On the downside, short-term support is seen at 6,600.00 and then at this week’s low of 6,521.50. Sell stops are likely located just below those levels.

U.S. TREASURY BONDS AND NOTES FUTURES

March U.S. T-Bonds: Prices are lower and hit a three-week low in early U.S. trading today. Bulls still have the overall near-term technical advantage, but are fading now. Shorter-term moving averages (4- 9- 18-day) are neutral early today. The 4-day moving average is below the 9-day and 18-day. The 9-day is even with the 18-day moving average. Oscillators (RSI, slow stochastics) are bearish early today. Shorter-term technical resistance is seen at the overnight high of 145 17/32 and then at 146 even. Buy stops likely reside just above those levels. Shorter-term support lies at the overnight low of 144 35/32 and then at 144 16/32. Sell stops likely reside just below those levels.

March U.S. T-Notes: Prices are lower in early U.S. trading. Bulls still have the overall chart advantage. 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 above the 18-day moving average. Oscillators (RSI, slow stochastics) are bearish early today. Shorter-term resistance lies at the overnight high of 121.30.0 and then at 122.00.0. Buy stops likely reside just above those levels. Shorter-term technical support lies at the overnight low of 121.20.0 and then at the January low of 121.16.0. Sell stops likely reside just below those levels.

U.S. DOLLAR INDEX

The March U.S. dollar index is slightly higher in early U.S. trading, following strong gains Tuesday. The shorter-term moving averages for the dollar index are neutral early today, as the 4-day is above the 9-day. The 9-day is below the 18-day moving average. Short-term oscillators for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at this week’s high of 95.895 and then at 96.000. Shorter-term support is seen at the overnight low of 95.480 and then at this week’s low of 95.070.

NYMEX CRUDE OIL

February Nymex crude oil prices are weaker in early U.S. trading. The shorter-term moving averages are bullish early today as the 4-day is above the 9-day and 18-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI and slow stochastics) are neutral early today. Look for buy stops to reside just above technical resistance at the overnight high of $52.52 and then at $53.00. Look for sell stops just below technical support at $51.00 and then at $50.00.

GRAINS

Grain futures were higher overnight, on corrective rebounds from selling pressure on Tuesday. Grain markets continue to fluctuate on news reports on the U.S.-China trade talks progress, or lack thereof. The U.S. government closure has created a dearth of fresh fundamental news for the grain markets. The uncertainty over no fresh government data remains bearish. The grain market bears have the overall near-term technical advantage.