Overnight.
Dow Jones -0.16%. SP500 +0.09%. Nasdaq -0.11%. Small Caps +0.26%. Banks +0.25%.
Major indices were well down for most of the trading session. A last hour rush to the upside erased most of the earlier losses.
SP500.
Last night's action was better than a big down day, but did little to change the technical picture. SP500 is stuck around major moving averages (20/200 DMAs) and well below the 50-DMA and the Ichimoku Cloud. Until it can clear those, this remains a "sell the rallies" scenario.
Commodities.
Commodities Index +0.13%. Energy -0.51%. Base Metals +0.72%. Gold +1.03%.
Iron Ore up +3%.
Overnight Oz Futures were up just three points which equates to no movement 0.00%.
In the U.S. last night, BHP up +1.79% and Rio up +1.85% despite both falling yesterday in Australia. So the big miners might do well today in Australia.
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