XJO 0.25% 8,160.0 s&p/asx 200

22/01 Indices, page-37

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    Overnight, American stock markets were up. Energy up, Gold up.

    Dow Jones +0.64%. SP500 +0.53%. Nasdaq +0.18%. Small Caps +0.72%. Banks +0.5%.


    SP500.

    SP500 remains in a strong bull trend.


    Force Index and CCI are showing negative divergences - which are leading indicators and not always relaible. But the last time we had similar divergences (in December), they led to small pull-backs and a sideways consolidation from mid-December to mid-January.


    Commodities.

    Commodities Index +0.76%. Energy +1.41%. Base Metals +0.23%. Agriculture +0.47%. Gold +0.4%.


    A rising Energy sector is a contra-indicator for the U.S. Stock Market.


    Good luck.

 
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