21/7/22. American equities rise after choppy trading.
Dow Jones +0.15%. SP500 +0.59%. Nasdaq +1.59%. Small Caps +1.42%. Banks +0.04%.
Cyclicals were strong while defensives weakened.
2Yr/10Yr Bond Yields remain inverted suggesting a recession is coming.
SP500.
SP500 is now above its 50-Day MA and in a short-term up-trend.
It is now faced with the resistance of the Kumo Cloud.
Until we see definite signs of reversal, we'll stay with the trend.
Commodities.
Commodities Index -0.08%. Energy flat 0.00%. Base Metals +0.88%. Agriculture flat 0.00%. Gold -0.94%.
Iron Ore +0.9%. Thermal Coal +2.2%.
Overnight Oz Futures are down -0.4% suggesting the ASX will open lower.
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