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In America:

SP500 +0.23%
Dow Industrials +0.25%
Nasdaq100 +0.33%
Dow Transports -0.14%
Russell 2000 +0.$%
Comment: A modest day up. Markets opened down on the previous day, then recovered. But there wasn't much zip in the buying and intra-day charts more-or-less trailed along a bit above the par line.

NewHighs/NewLows. NH>NL. 161/45. Ratio: 78.2%. Marginally out of the Do Not Sell Zone. New Lows are showing a high degree of nervousness. The trend up in the New Lows should be a concern for bulls.

Technical Comment on the SP500:

The SP500 finished at 1518.2. S/R: 1495.7/1526.7.
MACD Histogram. Above zero. Positive.
MACD. Below zero. Negative.
RSI.9 is at 56. Positive.
Stochastic. 68.1. Above its signal line. Positive.
CCI.14: -3.9. Hovering around the zero line. Neutral.
The chart continues to struggle to break above overhead resistance. Yesterday's bearish tombstone doji wasn't confirmed by follow through selling. The last two days action if combined into one would be a spinning top - indecision.

Full Weekly Report tomorrow.

Redbacka