Overnight.
Dow Jones -1.76%. SP500 -1.55%. Nasdaq -1.59%. Small Caps -1.9%. Banks -5.72% (ouch).
SP500.
The three-day candle stick pattern (up,doji,down) suggests the short-term trend has now reversed to the downside. There's just too much overhead resistance to think about going long this market.
Commodities.
Commodities Index +4.02%. Energy +5.06%. Base Metals +1.84%. Gold +1.82%.
Commodities continue to benefit from fear over the geopolitical events in Eastern Europe.
Iron Ore +3.8%.
After twenty minutes of trading this morning, XJO is down -0.6%.
No comments:
Post a Comment