Thu. a.m. 2/12/21.  Europe up, Wall Street down.

Overnight. 

It was a wild session on Wall Street with Dow Jones swinging through 1000 points.  For most of the session, Wall Street followed Europe up, but afternoon trading saw a change in sentiment and Dow Jones finished down 462points.

Dow Jones -1.34%.  SP500 -1.18%.  Nasdaq -1.83%.  Small Caps -1.53%.  Banks -1.25%.

20-Year Treasury Bonds up +0.62%.  

SP500.

SP500 has now broken dual support, the 50-Day MA and major horizontal support.  Still no positive divergences showing up on important leading indicators such as the CCI.

SP500 has had two days in a row of large downside moves.  I think we can expect some consolidation here, barring more bad news.

SP500 is now bearish in both the short-term and medium-term.

Commodities.

Commodities Index -0.87%.  Energy -1.6%.  Base Metals -1.15%.  Gold +0.4%.

Iron Ore +1.3%.

Overnight Oz Futures -1.1%.

The Australian market can expect another day of poor performance.