27/4/22. Overnight.
Dow Jones -2.39%. SP500 -2.81%. Nasdaq -3.95%. Small Caps -3.01%. Banks -2.58%.
The first glimmer of hope for a rebound is showing in the Banks, where the CCI is beginning to show a positive divergence.
Alphabet reported after the market closed. It is down about -5% in after-market trading. Microsoft also reported after the market closed. Opposite story for Microsoft - up +6% in after-market trading.
SP500
Sp500 is now down to a major support level, where it's been three times before back in Feb-Mar. The more times a support level is hit - the weaker it becomes.
This level could see some buying come back into the market, but we'll just have to wait and see if the level holds.
Commodities.
Commodities Index +1.37% rose on the back of an improved oil price, with Energy up +2.46%. Base Metals -0.97%. Gold +0.15%.
Iron Ore +0.4%,
Those IO and Energy prices might provide a cushion for Australian resource stocks today, but overnight Oz Futures remain gloomy, down -1.5%.
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