Mixed results in the U.S. Dow down. Nasdaq whooshka. What the heck?
Dow Jones -0.11%. SP500 +0.88%. Nasdaq +1.71%. Mid-Caps -0.00%. Small-Caps -0.32%. Banks -0.19%.
What the heck? Indeed. Read "Nvidia". Nvidia's report shot the stock up into the mega-cap realm along with Apple, Alphabet and Microsoft - One Trillion plus Cap.
That ignited the Nasdaq shooting it into the stratosphere.
Stodgy old Dow Jones Industrials was left behind.
But ... see all those long tails on today's candles? Plenty of intra-day buying everywhere in the market.
SP500
That's a good rise in the SP500, but it's not out of the woods yet - or should we say out of the (narrow) Bollinger Bands (20/1). It remains in "" (mixing up a few metaphors there). It still has Supertrend above it and HullMA13 remains pointed down.
SP500 remains indecisive.
Commodities.
Commodities Index -1.58%. Energy -2.05%. Base Metals -0.23%. Agriculture -1.11%. Gold -0.96%.
Base Metals with an RSI of 27.22 is now very oversold, so we might see an end to this plunge in the near future. It will be interesting to see how Oz big miners act today.
After half an hour of trading this morning, XJO is flat, up just +0.06%. And BHP is up +0.55%. WOW
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