Overnight.
Dow Jones flat 0.00%. SP500 -0.74%. Nasdaq +2.04%. Small Caps -1.17%. Banks +1.73%.
SP500.
SP500 is back down to the lower edge of its trading range. Medium and long term, the index is bearish.
The index has experienced a "death cross" with the 50-Day MA crossing below the 200-Day MA. It's not always an accurate guide to a bear market beginning, but it should continue to make investors take a defensive stance.
Commodities.
Commodities Index -2.93%. Energy -4.25%. Base Metals -3.31%. Gold -1.51%.
Iron Ore -6.2%.
After 15 minutes of trading, the XJO is down about 60 points, or -0.8%. That's not surprising given the overnight results from America for stocks and commodities. Resources are leading the drop to the downside, but Financials (XXJ) up about +1%.
No comments:
Post a Comment