8/9/22. Overnight, American stocks up, Nasdaq snaps seven day losing streak.
Dow Jones +1.4%. SP500 +1.83%. Nasdaq +2.14%. Small Caps +1.81%. Banks +2.18%.
SP500.
SP500 has found support at the lower edge of the Kumo Cloud. We can expect some more upside, but plenty of resistance lies nearby.
Commodities.
Commodities Index -2.38%. Energy -3.99%. Base Metals -1.02%. Agriculture -0.64%. Gold +1.02%.
Iron Ore -0.4%. Thermal Coal -2.5%.
Overnight Oz Futures are up +0.5%. So we should have a positive day today, but resource stocks might be under pressure.
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