A bag of mixed signals overnight has delivered a confused markets which imo doesn't know which way to jump. Yet.
DJIA and SPX have again broken ranks, with the latter down most of the night and into the close while the DJIA was choppier and ended slightly green on decent, above-average (50 day ema volume) volume.
Neither made a new high, which could tip the balance in favour of bears.
DJ Transports gave up all the previous day's gains, enhancing that argument.
US Dollar index regained the previous two days losses and is more or less respecting the 50 day sma at open/closes.
Chart suggests up, bad for stocks.
Adding to the $US to rise argument, gold dropped sharply, 3%, $44, $1370's...well below peak.
Crude oil below $90 again--suggests $US will rise.
watchful wily wednesday, page-2
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |