Finspiration Australia. Objective analysis of the Australian stock market and overseas markets.

Wed. a.m. 19/1/22.  Nasdaq breaks below 200 DMA.

Overnight: 

Dow Jones -1.51%.  SP500 -1.84%.  Nasdaq -2.6%.  Small Caps -2.63%.  Banks -2.4%.

Nasdaq.

Nasdaq has broken below its 300-Day Moving Average.  That's often taken as a sign of a bear market and the tech sector should be avoided until it is back above its 200-Day MA.

Using Ichimoku, I'd avoid the tech sector until the chart is above the "cloud".

Positive divergence on the CCI suggests we could see a rebound in the near future.

Commodities.

Commodities Index +0.78%.  Energy +1.31%.  Base Metals +0.4%.  Gold -0.17%.

Iron Ore +2.7%.

Overnight Oz Futures -0.9%.

To state the bleeding obvious - we'll open well down this morning.