Sat. 20/11/21.  Dow down, Nasdaq up.  The world is topsy-turvey.

Overnight:

Dow Jones -0.75%.  SP500 -0.14%.  Nasdaq +0.4%.  Small Caps -1.11%.  Banks -1.28%.

Such variance in activity in the Dow and Nasdaq usually means some activity in interest rates.  Lower rates (bonds higher) are good for Technology stocks which tend to be more leveraged than Industrial stocks.  Looking to Treasuries, 20-Year Treasuries were up last night, +1.06%.  That result is also poor for banks, so the banks went down.

SP500:

SP500 remains stuck at overhead resistance.  Wait for a break, up or down.  Up - above 4707, down - below 4647.

Thursday is Thanksgiving in America - a national holiday and the stock market is closed.  Friday brings "Black Friday" when shoppers splurge - or not.  It provides an indication of confidence in the economy and can be market moving.

Commodities:

Commodities Index -1.6%.  Energy -3.21%.  Base Metals +1.83%.  Gold -0.76%.

Our market will probably take its cue from the Dow Jones when it opens on Monday, i.e., opening on the down side.