Unbelievable day on the XJO Yesterday. U.S. remains weak. And - my computer behaves itself this morning after I gave it a good flogging.
XJO Chart.
XJO finished up +0.05%. Intraday Low to High +1.6%
Best sectors were Utilities +0.79%, Energy +0.72%, Materials +0.56%. (Fortescue +1.46%, Pilbara +6.78%).
Worst sectors were ones impacted most by interest rates: IT -0.67%, Health -1.02%, Property -1.41%.
Overnight In the U.S.
Dow Jones -0.31%. SP500 -0.23%. Nasdaq -0.09%. Small Caps -0.31%. Banks -1.26%.
SP500.
Indicators are at or close to oversold levels. A positive divergence on MACD Histogram hints at a possible rebound.
Look for positive action in America on Monday.
Commodities.
Commodities Index flat +0.08%. Energy -0.3%. Base Metals +1.03%. Agriculture -0.18%. Gold +0.32%.
For the Gold Bugs
Gold was up a little last night, but bouncing off the lower trend line of the Andrews Pitchfork. That suggests more upside.
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