Wed. a.m. 2/2/22. U.S. stocks up again.
Overnight.
Dow Jones +0.78%. SP500 +0.69%. Nasdaq +0.75%. Small Caps +0.75%. Banks +2.39%.
SP500
After three days up, SP500 is now at its first serious resistance level, 20-Day MA and the lower edge of the Ichimoku Cloud. Expect a pause here or a slowing in upside momentum.
Commodities.
Commodities Index +0.4%. Energy +0.1%. Base Metals +1.19% (bouncing off support of the 20-Day MA), Gold +0.08%.
Iron Ore - no change as China is shut for Chinese New Year holidays.
After 50 minutes of trading, XJO is up +0.9%. VIX is up modestly, so we might see the XJO settle back now.
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