Thursday, November 11, 2021

 Fri. a.m. 12/11/21.  Mixed results in New York trading.

Overnight:


Dow Jones -0.44%.  SP500 +0.06%.  Nasdaq +0.52%.  Small Caps +0.66%.  Banks +0.63%

It was a relatively quiet session of trading with the bond market closed.  Volume was down and indices saw little movement.

SP500:


SP500 scored an inside day candle with intra-day selling evident to finish just on the positive side of the ledger.

The short-term trend remains down with last night's candle still below the short-term line and the Supertrend Line (1.5/7).

I'm still expecting more downside in the index.

The medium-term trend remains up.

Commodities:




Commodities Index +0.71%.  Energy +0.17%.  Base Metals +1.88% on heavy volume.  Gold +0.56%.

Spot Iron Ore +5.3%.  That had a booster shot in the U.S. for BHP +5% and RIO +4.4%.  Expect another strong day for the big iron ore miners today.

Overnight Oz Futures +0.4%.

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