Tue. a.m. 9/11/21.  Modest gains in New York - but new records.

Overnight:

Dow Jones +0.29%.  SP500 +0.09%.  Nasdaq +0.07%.  Small Caps +0.02%.  Banks +0.53%.

The three major indices all show double doji candlesticks coming at the top of long up-trends.  That's a degree of indecision rarely seen.  The next movement is likely to be down.

SP500:

SP500 has now reached the top of its trading channel.  It can go higher, but the probabilities are to the downside.

Commodities:

Commodities Index +0.61%.  Base Metals +1.55%.  Energy +0.72%.  Gold +0.36%.

Gold:

The above longer term chart of Gold shows that it is at a critical point.  It could break the down trend line from mid-2020, and that it give it the opportunity of breaking horizontal resistance where it has been turned back three times since June this year.  Watch this space.

Iron Ore: +1.2%.

Overnight Oz Futures +0.1%.

It looks like another lack-lustre day today for the XJO - with the main focus on resource stocks which have taken a beating in recent weeks.  BHP up +2.2% overnight in the U.S. Rio up +2.75%