Thursday, April 7, 2022

Finspiration Australia. Major U.S. indices rebound after two days of losses.

 Overnight.


Dow Jones +0.25%.  SP500 +0.43%.  Nasdaq +0.06%.  Small Caps -0.08%.  Banks -0.7%.

Indices were well down in early after-noon trading, but markets rebound to erase early losses.

SP500.

SP500 remains sitting on support of the 200-Day MA and the upper line of the "Cloud".

We need to see further upside to presume the pull-back is over.

Commodities.


Commodities Index +0.34%.  Energy +0.6%.  Base Metals -1%.  Gold +0.38%.

Iron Ore -2.1%.  Thermal Coal -1.7%.

Overnight Oz Futures +0.5%.

XJO should have a better day today, but those metals prices might put a cap on the miners.



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