Overnight.
Dow Jones -0.49%. SP500 -0.38%. Nasdaq -0.00%. Small Caps -0.35%. Banks -1.02%.
Major indices show some intra-day trading. PPO Histogram on the brink of going negative. This can go either way. Waiting on Ukraine?
SP500
SP500 is back below the 200-Day MA and into the consolidation zone formed in late January.
The index is below all three major Moving Averages- 20/50/200 but above the Supertrend (1.5/7). This is fluffing about going nowhere in particular, but the overall picture remains bearish (below 200-DMA and Inchimoku Cloud).
Commodities.
Commodities Index +0.52% remains in its long-term up-trend. Energy +0.95%. Base Metals -0.13%. Gold +0.54%.
Iron Ore -0.5%.
Overnight Oz Futures -0.9%.
We should open lower today.
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