Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 5/8/22.  Overnight.  Mixed results in the U.S., Tech up again.

Dow Jones -0.26%.  SP500 -0.08%.  Nasdaq +0.41%.  Small Caps -0.81%.  Banks -1.09%

SP500.

Short-term and medium-term trends are up.  The long-term trend remains in doubt while the SPX remains below the 200-Day MA.

Currently, SPX has been consolidating in a narrow range - probably waiting on Jobs numbers on Friday, which will probably be market moving.

Commodities.

Commodities Index (-1.07% continues to weaken under pressure from Energy (-2.53%).  Base Metals went up +1.78%.  Gold also went up +1.65%.  Agriculture +1.52%.

On the ASX today, we can expect a narrow range day.  After 20 minutes of trading today, XJO is up +0.2%.