interesting night on usa markets..
spx/dow flat.
usd down to a record low ..
stocks: the leaders in the growth times were all off.. financials, materials.. but the defensives and energy were up .. oilers, health care, consumer staples.
market breadth improved a little tho still below bull territory. The divergence between dow transports and the dow continues, as between small caps and large caps. These need to pull together to move the market much higher. The surge in oil was what really kept the spx index and dow afloat this session, but again, the overall picture still doesn't look strongly bullish.
oil hit a record..
metals incl gold off or flat. This is interesting, cos both usually rally along with oil when usd declines.. the metals action signals concern with growth, oil is up on usd weakness and demand, but gold?
spx futs rallied a bit after the bell but have come back down.
spi up 20 on xjo close.
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