Wednesday, March 16, 2022

Finspiration Australia. U.S. raises rates, markets rise. Que?

 Overnight.


Dow Jones +1.55%.  SP500 +2.24%.  Nasdaq +3.77%.  Small Caps +2.49%.  Banks +3.63%.

SP500.


SP500 is now short-term bullish, Hull MA13 has turned up and Supertrend 1.5/7 has switched from bearish to bullish.

Until SP500 rises above the 200-Day MA and the Ichimoku Cloud, its long-term prospects remain suspect.

Commodities.


Commodities Index -0.85%.  Energy +0.14%.  Base Metals +0.41%.  Gold +0.63%.

Iron Ore +7.3%.

The XJO this morning after 30 minutes to trading is up +1.4%.  

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