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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