Overnight:
Dow Jones flat 0.00%. SP500 -0.37%. Nasdaq -0.58%. Small Caps +0.1%. Banks +0.62%.
SP500.
Monday's candle was a narrow-range, inside-day candle indicating indecision. The past three days have straddled the 8-Day EMA, another sign of indecision.Major moving averages also provide little direction - SP500 is above the 200-Day MA but below the 50-Day MA.
Monday's finish ended below the short-term line and the medium-term line which suggests down-ward pressure on the Index.
Seventh-tenth days of the month are often bearish. Wait.
Commodities.
Commodities Index +0.22%. Energy -0.35%. Base Metals +0.56%. Gold +0.74%.
Iron Ore. China was back from holidays. IO up +1.9%.
Oz overnight Futures down -0.2%.
Yesterday reporting season in Australia started in earnest. Major news came from ANZ, which initially fell more than -5% but finished down -1.92%. Today we get Suncorp (SUN) and Shopping Centres Australia (SCP). Tomorrow is another big bank, CBA which is likely to be market moving.
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