In America: [IMG] Markets were flat to up modestly. Dow Jones...

In America:


Markets were flat to up modestly. Dow Jones +0.02, SP500 +0.04%, Nasdaq +0.24%, New York Composite +0.15%, Russell 2000 +0.11%. RSI on the Nasdaq has risen into overbought territory once again. Three of the other four are in the 60's, which is nervous territory. NYA is a tad below the 60 mark. NYA is the broadest measure of the stock market and relatively the weakest.

NYSE NewHigh/NewLow Ratio remains exceptionally bullish at 96.8%. New Lows were insignificant at 7.

SP500:



The Heiken-Ashi Chart for the SPX remains bullish. It always lags a little because of its calculation methodology. Some indicators are showing the potential for a negative divergence. Too early to tell if that will work out. All indicators have turned back up and most are above the mid-line of their Bollinger Bands. The short-term trend remains up. Accumulation/Distribution remains bullish which suggests any pull-back is likely to be bought.

Commodities:



DBC, the Commodities Index tracking ETF, down modestly -0.28%, but the short term up trend remains bullish. Plenty of resistance lies overhead which might slow up the chart, or turn it back down. We’ll see how it goes. Energy was down -0.44% and Industrial Metals down -0.44%. Gold went the other way +0.41%.

CBA reported today. It dropped sharply on opening, but recovered to be flat at around 10.10. That suggests not much danger to the CBA price.

RB.