I think Santa was smoking some illicit substances last night and got a little high.
In America:
Dow Industrials +2.87%
Dow Transports +3.37%
SP500 +2.98%
Russell 2000 +4.19%
Nasdaq100 +3.01%
Comment: Big, big up night last night and, ignoring volume on Freaky Friday, volume was up on recent days. Positive.
NewHighs/NewLows 123/23. NH>NL. The New Lows is back to low numbers. Positive.
Technical Comment on the Dow 30:
The Dow finished at 12103.6. Bounced strongly above the 150-Day Exponential Moving Average (red dotted line) at 11757.
Indicators:
* Stochastic: 49.1. Still below its signal line but rising. Neutral
* RSI.9 is at 58.6. Above 50. Positive.
* MACD Histogram. Marginally below Zero and rising . Neutral.
* MACD. Marginally below Zero and rising. Neutral.
* CCI.14: -11.1. Bounced from below -100. Positive.
The market has turned around strongly on good volume from the 150-Day Moving Average. Buy the dips.
The current short term trend is up. Respect the trend.
Redbacka
I think Santa was smoking some illicit substances last night and...
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| Open | High | Low |
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| XJO (ASX) Chart |