Finspiration Australia. World markets mixed. ASX down. Europe up. America down. 12/3/22.

 Yesterday in Australia.

XJO down-0.94% on Friday.  It remains in its consolidation zone.

The path of least resistance is to the downside.

Overnight.

Dow Jones -0.69%.  SP500 -1.3%.  Nasdaq -2.18%.  Small Caps -1.15%.  Banks -1.11%.

All eleven U.S. Sectors were down.

German DAX +1.38%.  French CAC +0.85%.  U.K. FTSE +0.8%.  Europe STOXX600 +0.95%.

SP500

SP500 remains in a short-term consolidation.  The path of least resistance is to the down side.

NYAD Cumulative.

New York Advances-Declines is often a good leading indicator.  The current correction from early Jan. in SP500 was preceded by a negative divergence in A-D Cum from Nov. to Jan.  

NY A-D Cumulative remains in a strong down-trend.  Until we see improvement in NY A-D Cum it is unlikely we'll see an improvement in SP500.

Commodities.

Commodities Index +1.72%.  Energy +2.6%.  Base Metals +0.44%.  Gold -0.7%.

Those improvements in Energy and Base Metals could give a lift to the Oz market on Monday.