Tuesday, March 15, 2022

Finspiration Australia. Dow Jones up almost 600 points.

 Overnight.


Dow Jones +1.82%.  SP500 +2.14%.  Nasdaq +2.92%.  Small Caps +1.05%.  Banks +0.77%.

SP500.


Despite the big rise last night, the technical picture for SP500 remains much the same.  It continues within its short-term sideways consolidation.  Plenty of overhead resistance remains.

This remains a "sell the rallies" scenario.

Commodities. 


Commodities Index -2.46%.  Energy -4.3%.  Base Metals flat -0.08%.  Gold -1.87%.

Iron Ore -6.5%.

U.S. Federal Reserve announces its interest rate decision tonight (Oz Time).

After 15 minutes of trading, XJO up +0.56%.  Resource stocks are down, keeping a cap on the XJO.

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