Wed. a.m. 12/1/22. U.S. stocks rebound.
Overnight.
Dow Jones +0.51%. SP500 +0.92%. Nasdaq +1.41%. Small Caps +0.67%. Banks +0.88%.
SP500.
The short-term down trend may have ended. The short-term line has turned up, but the Index still has short-term resistance of the 8-Day EMA and the Supertrend line to contend with. Until the short-term line finishes above the 8-Day EMA, this upside reversal remains undecided.
Commodities.
Commodities Index +1.94%. Energy +2.76%. Base Metals +1.97%. Gold +1.21%.
Iron Ore +2.5%
For Australia today, all the stars are aligned with Dow Jones, Banks, Base Metals and Iron Ore all positive.
After 45 minutes of trading, XJO is up more than 1%.
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