18/09 Indices, page-216

Unbelievable day on the XJO Yesterday. U.S. remains weak. And - my computer behaves itself this morning after I gave it a good flogging.

XJO Chart.

XJO finished up +0.05%. Intraday Low to High +1.6%

Best sectors were Utilities +0.79%, Energy +0.72%, Materials +0.56%. (Fortescue +1.46%, Pilbara +6.78%).

Worst sectors were ones impacted most by interest rates: IT -0.67%, Health -1.02%, Property -1.41%.

Overnight In the U.S.

Dow Jones -0.31%. SP500 -0.23%. Nasdaq -0.09%. Small Caps -0.31%. Banks -1.26%.

SP500.

Indicators are at or close to oversold levels. A positive divergence on MACD Histogram hints at a possible rebound.

Look for positive action in America on Monday.

Commodities.

Commodities Index flat +0.08%. Energy -0.3%. Base Metals +1.03%. Agriculture -0.18%. Gold +0.32%.

For the Gold Bugs

Gold was up a little last night, but bouncing off the lower trend line of the Andrews Pitchfork. That suggests more upside.