DJIA (8109.82): If the Dow is sitting above an 8162 hidden pivot after the first hour, we should infer that it has sufficient strength to reach a minimum 8240 in this minor rally cycle. Short the latter target with a tight stop only if you are exiting a profitable long held on your initiative at that level.

E-Mini S&Ps (859.25): The nearest hidden-pivot support worth mentioning lies at 840.50, so that will be our minimum downside projection if the futures fall hard in the first hour. We won’t suggest bottom-fishing there, however, since the 840 level looks vaguely supportive because of some prior lows near there.

MAR 10-YEAR NOTE (113.310):  No change. The futures would need to close above 114.310 to suggest that a test of the important January 31 peak at 115.175 is likely.

OEX (435.70): Just a small addition: The closest pivot, and therefore our minimum upside target if the OEX should rally, is 442.66. In a somewhat larger picture, a garden-variety bear rally this week should be able to reach 456.16, equivalent to a 0.618 retracement of the decline from mid-January’s high. 

QQQ  (24.49):  The cubes are struggling to hold their ground at levels where several important bottoms were made over the last few months. With other issues we track seemingly ready to rally, our slightly bullish bias yields a modest upside target of 26.17, a Fibo level. It holds no special opportunities for us.

$    MAR NASDAQ 100 (986.50):  If the futures move higher, our minimum projection is to 1008.00, a hidden pivot; if lower, 970.25. The latter number can be bottom-fished in the first hour only, using the E-mini contract and a 970.50 bid, stop 969.50. You’ll be on your own thereafter.