Overnight.
Dow Jones +0.8%. SP500 +0.95%. Nasdaq +0.94%. Small Caps +1.1%. Banks +0.93%.
SP500.
SP500 remains in its short-term up-trend channel, but consolidating for the seventh trading day.
Longer term, the index remains bearish as it is below the Ichimoku Cloud. Wait.
Commodities.
Commodities Index +0.67%. Energy +1.25%. Base Metals -0.65%. Agriculture -0.23%. Gold +0.65%.
Iron Ore +0.4%. Thermal Coal -4.4%.
Overnight Oz Futures +0.7%.
The Australian market usually bounces after a strong day down. Yesterday XJO was down -1.53%. We'll recover some of that day, but any rise should be a chance for traders to sell out of positions.
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