Anzac Weekend Charting and Chat, page-7

American Major Indices:

Results were mixed. Nasdaq went on to new all time highs, +0.71%. Russell 2000 was down -0.31%. The blue chips (Dow 30) flat at 0.12%. The big caps (SP500) +0.23%. And the broad market index (NYA) dead flat at +0.01%.



Here’s the detailed chart for Dow Jones Industrial:



Same old, Same old, still consolidating. Today was a narrow range day - the narrowest since 27 March, about a month. Expect a big day on Monday. Not much else to say. Wait and watch.

Commodities:



US$ (UUP) down -0.39%. The broad commodity ETF, DBC, was flat -0.06%. But Base Metals responded to the lower U.S.$, up +1.36%,. Energy +0.4%. But Gold accelerated to the downside. It is marching to a different drummer, -1.4%.

Oz Stocks in NY:

BHP +3.7%. Rio +1.89%. Westpac +1.14% and ANZ +1.63%. RMD -10.47% (poor report, RMD carked it). Woodside +1.31%. EWA +2.26%. AUD/USD +0.53%. Those good results (except RMD) follow on from a very strong Friday in Australia.

Monday in Australia will be very interesting. I'm expecting a big Monday in the U.S. Which way? Don't know. Australia might pre-empt any big move coming in the U.S. - so we could have another big move coming in Australia on Monday. Watch which way soon after the opening.

Redbacka