Overnight.
Dow Jones +0.3%. SP500 +0.81%. Nasdaq +1.9%. Small Caps -0.38%. Banks -0.02%.
The Yield Curve remains inverted. 2Yr Treasuries at 2.42%. 10Yr Treasuries at 2.41%.
SP500.
Dip buyers came into the market and SP500 shows strong intra-day buying. It has found support at multiple levels: 8-Day EMA, Tenkan Sen (Conversion Line) Supertrend (1.5/7) and top line of the "Cloud".
A strong up-day tomorrow will confirm the resumption of the bull rally.
Commodities.
Commodities Index +1.91%. Energy +2.39%. Base Metals -0.42%. Gold +0.48%.
Iron Ore +1.3%.
U.S. Advances-Declines Cumulative.
A-D Line remains bullish, but momentum has slowed as indicated by the MACD Histogram which has flattened out. That suggests we could be looking at another pull-back in the near future.
Overnight Oz Futures +0.6% but Oz big miners were down overnight, BHP -0.7% and RIO -1.57%. If that flows through to Australia, it will put a damper on gains in the XJO.
No comments:
Post a Comment