Drive In Movie Tuesday, page-3

In America:



DJ -0.1%, SP500 -0.12%, Nasdaq -0.16%, NYA -0.21%, Russell2000 -0.64%. Major indices finished down a little, with the more volatile R2K down much more.

XLF (Financials) up a little +0.17%

SP500:



SP500 up-trend remains up. The middle (Regression) line of the Standard Error Channel seems to be acting as resistance since late March. That's where we are once again.

Australia remains uncorrelated with the broad American market. The commodities pricing helps a little but the major American indices are not much assistance.

Commodities:
DBC -0.55%. Energy continues to fall -1.02% Industrial Metals -1.34%. Copper Producers ETF was down -0.65%. Gold +0.1%. Iron Ore -1.1%.

Miners and Energy will probably be weak today. After yesterday's big falls in the banks, they might get a rebound. So - things will probably even out. I expect we’ll be flat - at least in the early part of the morning trading.

There's a lot of uncertainty around at the moment with terrorist activity in Britain, an unpredictable Trump, and accusations of terrorist support against Qatar. All of that might weigh negatively on the market. But - you never know your luck in the big casino.

RB.