Fri. a.m. 5/11/21.  More records for SP500 and Nasdaq.

Overnight:

Dow Jones -0.09%.  SP500 +0.42%.  Nasdaq +0.81%.  Small Caps -0.21%.  Banks -1.98%.

SP500:

The SPX shows no change to its technical picture.  The trend remains up, but the Index is very overbought on both the RSI and MFI.  Negative divergences on the CCI and MACD Histogram show momentum has slowed.  Momentum has to slow before the Index pulls back.

Commodities:

Commodities Index -0.62%.  Energy -0.73%.  Base Metals -2.55%.  Gold +1.13%

Iron Ore:  No change

Overnight Oz Futures: +0.3%

Looks like a moderately positive start to today's trading but with weak metals prices and weak banks overnight, don't expect a lot today.