26/10/22. Morning Report.
American stocks continue to rise. Alphabet and Microsoft reported after hours.
SP500 +1.07%. SP500 +1.63%. Nasdaq +2.25%. Small Caps +2.32%. Banks +1.73%.
Alphabet and Microsoft reported after hours and the market responded poorly. Those closing figures above overstate the current position.
SP500.
SP500 is now testing the 50-Day MA as resistance. It may now pull back to test the 20-Day MA as support.
The index is now between a rock and a hard place - Wait.
Commodities.
Commodities Index +0.56%. Energy +0.87%. Base Metals -0.44%. Agriculture -0.3%. Gold +0.23%.
After 20 minutes of trading, XJO is up +0.4%. Coles reported before the market opened and is now down -2.53% - taking WOW down with it. WOW now down -1.4%.
Bitcoin.
Bitcoin had a sharp rise last night. It is now above the 50-Day MA and the Supertrend Line has turned bullish. A cross-over of the 20-DMA above the 50-DMA would provide a "silver cross" - that's a solid medium-term go long signal.
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