Tues. a.m. 7/12/21.  U.S. indices advance strongly.

Overnight:

Dow Jones +1.87%.  SP500 +1.17%.  Nasdaq +0.93%.  Small Caps +2.41%.  Banks +1.93%.

Four out of five of the above indices have given buy signals with Stochastic rising above 20.  The only index not giving a buy signal is Nasdaq, and that appears to be imminent.

SP500.

The short-term trend remains bearish despite today's good number.  Stochastic (not shown on this chart) has given a short-term buy signal so the situation is ambiguous.

Last night, SP500 bounced strongly off the 50-Day MA and above horizontal support.  That's also bullish.

Aggressive traders will go long, more cautious traders will wait for further confirmation.

Commodities.

Commodities Index +1.74%.  Energy +3.8%.  Base Metals +0.29%.  Gold -0.25%.

Iron Ore +1.9%.

Overnight Oz Futures +0.4%.

Oz market should be stronger today.

Reserve Bank interest rate decision to be handed down later today.