Viewer Discretion Advised - Tuesday, page-2

Sesame Street Market. Tuesday Morning Joe. 24 March, 2015.

In one of the very early Sesame Street episodes back in 1970, two monsters sing the Up and Down Song. And that's how the American market's been going. Up one day, down the next. Down today. Up tomorrow?

American Major Indices:

SP500 -0.17%, Dow Industrials -0.06%, Nasdaq -0.31%, Russell 2000 -0.13%, New York Composite +0.00%.



Here’s the detailed chart for Dow Jones Industrial:



The long term trend is up. The short term trend is up. But the medium term is still in limbo land. The recent highs seem likely to be tested. We should get some clarity then. Indicators are still off overbought levels - so more upside seems likely.

Commodities:



DBC (Commodities tracking ETF) up +1.16%. DBE (Energy tracking ETF) up +0.38%. DBB (Industrial Metals tracking ETF) +3.4%%. Iron Ore -1.5%. Precious Metals +0.92%. GLD +0.63%. US$ -1.08

While the US$ continues to fall, commodities will benefit. Good for our miners and energy producers. That, however, still cannot make an impact on the Iron Ore price.

Oz Stocks in NY:

BHP +2.81%. Rio +1.4%. Westpac +0.06%. ANZ 0.00%. EWA +0.71%. Ozzie Dollar +1.39%.
Discounting for the rising Ozzie Dollar, BHP was the only stock doing well in the overnight market in NY.

The miners might keep us afloat today, but it looks like being another choppy range bound day.

Redbacka