13/4/22. Overnight. U.S. equities lose ground again.
Dow Jones -0.26%. SP500 -0.34%. Nasdaq -0.3%. Small Caps +0.55%. Banks -1.36%.
SP500.
SP500 was down modestly last night and finished at about horizontal support from the high back in early March, 2022. The index is sitting just below the 50-Day MA and the Ichimoku Base Line (Kijun Sen). That's good support.
It is currently in the Ichimoku Cloud - the no-trade zone. Continue to wait to see how this plays out. Odds are pointing to an upside move - but the U.S. is coming up to some crucial reports particularly from the big U.S. banks.
Reporting season becomes something of a lottery - so anything could happen here.
Commodities.
Commodities Index +2.98%. Energy +4.28%. Base Metals +1.85%. Gold +0.77%.
Iron Ore +1.7%. Thermal Coal had a whoosh +6.3%.
Overnight Oz Futures were flat, down just three points.
Those good resource prices might give the XJO an upside edge today.
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