Apart from the commodity markets being old off and are entering an exhaustion stage which should be completed over the course of the next five trading days. DOW constituents told an interesting story. Industrials where strong, Telecoms weak & major oilers closing the day flat despite oil tumbling. It makes me wonder whether equity traders are pre empting the exhaustion phase of the commodity markets?
The result from Alcoa will weigh on Wall Street's open
It will be an interesting day on the ASX.
Corn & Wheat have stailised.
Possible exhaustion move on Natural Gas.
Overall, the volume on wall street were above the 30 day average and despite being early calling a turning point, it certainly has some preliminary signs. The USD may have flatlined here, gold probably needs another week.
Oversold stocks such as ILU, PPX & NUF should have an interesting day.
Big stocks like RIO & ORG should be watched like hawk
