Fri. a.m. 4/2/22. U.S. Stocks break down from short-term trend.
Overnight.
Dow Jones -1.45%. SP500 -2.44%. Nasdaq -3.74%. Small Caps -1.45%. Banks -1.04%.
SP500.
This down-side move is an emphatic rejection of the recent short-term up-trend.
SP500 gapped down at the opening and continued to move lower.
The two-day candle-stick pattern is known as a "bearish kicker" pattern. The first day is an upside move, followed by a gap down and further down-side. This is a strong bearish signal.
Commodities.
Commodities Index +0.22%. Energy +0.5%. Base Metals -0.26%. Gold showed intra-dy buying but finished lower -0.14%.
Iron Ore +4.2%.
The Australian market opened lower but then moved higher. After 40 minutes of trading, XJO is up a little +0.14% The reversal to the upside has been led again by reports in America, with Amazon soaring after a good report announced after the U.S. market closed.
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