Overnight.
Dow Jones -0.34%. SP500 -0.43%. Nasdaq -0.95%. Small Caps -0.13%. Banks -1.14%.
SP500.
SP500 has pulled back a little after yesterday's big rise. That's probably a result of exhaustion and "smart money" trying to shake "weak hands" out of the market after they entered yesterday. Wednesday's "kicker" candle was a strong indication that SP500 is at the start of a short-term move to the upside.
But, strong resistance remains overhead. Until that is overcome - long-term investors might stay their hands until thi markets becomes bullish.
Commodities.
Commodities Index -1.2%. Energy -1.81%. Base Metals +2.34%. Gold +0.31%.
Iron Ore down -0.8%.
After 40 minutes of trading this morning, XJO is up modestly +0.3%. That's largely due to the miners with Materials up +1.44%. Commodities fell largely under the pressure of further falls in Oil. Energy appears to be finding support at the 20-Day MA, so we might see a rebound here.
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