Wednesday, March 30, 2022

Finspiration Australia. U.S. equities down. Tech hard hit.

 Overnight.


Dow Jones -0.19%.  SP500 -0.63%.  Nasdaq -1.21%.  Small Caps -1.84%.  Banks -2.21%.

European stocks also fell, with STOXX600 down -0.4%.

SP500.


Last night's action looks like the start of a pull-back portended by the negative divergence on the CCI.  Traders will look to buy the dip - a likely support is the Ichimkoku Cloud and the 200-Day MA.

Commodities.


Commodities Index +1.8%.  Energy +1.91%.  Base Metals +2.23%.  Gold +0.8%.

Iron Ore +0.4%.

Those good Commodity and IO figures should give Ozzie resources a boost today.

Overnight Oz Futures are up a little, 10 points or +0.1%.

Overnight, BHP was up +3.1% in the U.S. after falling yesterday in Australia just a little -0.08%.


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