All or Nothing Tuesday, page-2

Tuesday Morning Joe, 26 July, 2016.

In America:


Dow Jones -0.42%, SP500 -0.3%, Nasdaq -0.05%, NY Composite -0.49%, Russell2000 -0.26%. Negative results last night, but still nothing drastic. A cross below the mid-line on the Stochastic RSI would suggest a change to a down trend. DJ is the closest to such an event.

NYSE NewHigh/NewLow Ratio remains bullish at 96.6%. New Lows registered just nine.

SP500:



The above chart is a Heiken-Ashi Chart for the SPX. The spinning candles suggest a possible change in trend. It needs to be confirmed by a blue candle with a flat top. Indicators are turning down. CCI and MFI are both close to falling below the middle line of their Bollinger Bands. A negative x-over could be a catalyst for downside action in the Index. Wait.

Commodities:



DBC, the Commodities Index tracking ETF, was down last night -1.1%, mainly under the influence of weak oil prices. Gold was down last night -0.7%. Commodities Index has a marked effect on the Australian market, particularly showing up in Materials.
DBC is now oversold and at support, so some relief could be in store in that sector of the market.

Bonds Ratio:



Bonds Ratio is a good guide to Risk-On/Risk-Off. It is currently in neutral. A fall below the 50-Day MA would suggest a Risk-Off Market. Wait.

RB.