No Housework Friday, page-4

In America:

DJ +0.07%, SP500 +0.19%, Nasdaq +0.25%, NYA +0.3%, Russell2000 +0.91%. Afternoon selling was again in evidence in this session and took off most of early gains.




The Banks sub-index (BKX) was up +0.79%.

SP500:



SP500 up +0.19%. The long term trend remains up. The medium term trend is down. The short term trend is sideways. Indicators remain hovering about in mid-range. Anything can happen here. The Jobs Report tonight will probably prove to be a catalyst.

Commodities:

DBC +0.26%. Industrial Metals -1.09%. Energy +1.2%. Gold -0.37%.
ETF tracking Copper producers (COPX) was up +0.09%.

Futures are pointing to a positive start today. The banks were very weak in our market yesterday, so they should regain a little of yesterday's losses. Figures for the banks yesterday: CBA -1.4%, ANZ -1.01%, NAB -0.94%, Westpac -1.24%. Yesterday, the RSI on VIX was very overbought >75, which suggests undue worry by investors. That's a contrarian indicator for our market in the short term.

RB