Sat. 11/12/21. SP500 hits new record.
Overnight:
Dow Jones +0.6%. SP500 +0.95%. Nasdaq +0.73%. Small Caps +0.02%. Banks -0.2%
SP500:
SP500 reversed the bearish candle set on Thursday, broke above resistance and set a new closing record. That's a bullish event. Expect more upside.
Commodities:
Commodity Index +1.14%. Energy +1.95%. Base Metals -0.52%. Gold +0.42%.
VIX.
VIX finished at 18.69. Traditionally, 20 is considered the marker between bullish and bearish for the stock market. VIX is now giving a bullish signal confirming the signal from the SP500.
BHP was up in the US, but down in little in the UK. RIO had similar results to BHP, up in the US, down in UK. Both stocks remain in up-trends. Westpac and Woodside were both up in the U.S.
Our market should see a bounce off the 50-Day MA on Monday.
