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

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.