Yesterday in Australia.
XJO finished down just -0.08%
Yesterday was a narrow range day, barely moving from the finish of the previous day.
The up-trend is still intact, Plenty of downside support remains.
Overnight.
Intra-day buying took the three major indices into positive territory.
Dow Jones +0.4%. SP500 +0.34%. Nasdaq +0.29%. Small Caps +0.97%. Banks remain under pressure, -1.26%.
SP500.
Intra-day buying took the SP500 into positive territory and bounced off the first line of support.
This may be the end of the short-term pull-back. We need to see confirmation of an upside day on Monday.
Commodities.
Commodities Index +0.65%. Energy +1.43%. Base Metals +0.97%. Gold -0.64%
Energy and Base Metals are in consolidation patterns. This could go either way, but more likely up than down.
Those overnight results look good for a mildly positive opening in Australia on Monday.
New York Advance-Decline Line.
The Advance-Decline Line for the New York Equities is in an up-trend. That's positive for the near-term future of the U.S. market.
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