12/10/22. U.S. stocks finish mixed.
Dow Jones +0.12%. SP500 -0.65%. Nasdaq -$1.1%. Small Caps +0.25%. Banks -2.06%.
SP500
SP500 is now down to horizontal support - the low in early October.
The fast Stochastic that I use is now down in the oversold region. We can now look for a bounce back above 20 for a short-term upside trade. Stochastic can, however, stay oversold for long periods of time.
RSI shows a small positive divergence, and MACD is showing a big positive divergence from early September.
Wait.
Commodities.
Commodities did poorly last night. Commodities Index-1.44%. Energy -1.79%. Base Metals -0.98%. Agriculture -0.39%. Gold -0.21%.
After 15 minutes of trading, XJO is down a little -0.11%.
Bitcoin.
Above is an Heiken-Ashi chart for Bitcoin in USD. It lags a little but is good for showing trends.
Bitcoin remains in a short term down trend, and a longer term down trend. Unless you are a nimble trader, it's best to leave this along for the time being.
Stay safe.
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