1/9/22. Overnight in America, stocks fall for a fourth session.
Dow Jones -0.88%. SP500 -0.78%. Nasdaq -0.58%. Small Caps -0.99%. Banks -0.73%.
SP500.
The Conversion Line of the Ichimoku system has broken below the Base Line. That's a "weak" sell signal.
The chart remains above the Kumo Cloud - the division between bull and bear market, but the chart is well below its 200-Day MA, so the long term trend is in doubt.
The Kumo Cloud near to the stock chart is very narrow, so it is likely to provide weak support to any move by the stock chart. The most likely scenario is for the stock chart to break through the Cloud throwing the Index into a bear market.
Commodities.
Commodities are again weak. Commodities Index -2.09%. Energy -3.16%. Base Metals -0.36%. Agriculture -0.34%. Gold continues in its bear market, -0.77%.
After thirty minutes of trading on the ASX, XJO is down more than -1%.
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