Overnight.
Dow Jones -1.42%. SP500 -1.01%. Nasdaq -1.23%. Small Caps -1.45%. Banks -0.14%.
SP500.
Conditions remain bearish on all time frames for the SP500.
The index is approaching the January lows, we may get some indication around that zone if we are going to get a counter-trend rally.
Commodities.
Commodities Index +1.42%. Energy +0.95%. Base Metals +0.42%. Gold +0.21%.
Energy seems close to exhaustion after gapping up at the opening then selling off intra-day.
Iron Ore -1.6%.
The Australian market opened flat this morning, then oscillated around the zero mark. In the last few minutes (11.00 a.m. Summer time) it shot up to be up +0.24%. That's looking promising for further rises.
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