Dow Jones -0.12%. SP500 -0.58%. Nasdaq -1.15%. Small Caps -0.78%. Banks +0.72%.
SP500
All three Super Trend lines on the main chart are blue – bearish. Until we see all three lines turn yellow – it’s best to be cautious.
If all three Super Trend lines turn yellow – we have a bullish trend – and that needs confirmation on indices.
Commodities.
Commodities Index -1.56%. Energy -2.65%. Base Metals +1.28%. Agriculture +1.36%. Gold -0.74%.
Those Base Metals prices look good for Ozzie miners. Overnight in the U.S., BHP was up +2.55%, Rio up +1.66%.
Yesterday in the ASX, the market finished flat.
The chart is sitting on horizontal Support – so we could get a bounce here today. But, until we see three yellow Super Trend lines on the chart – I’ll remain defensive.
Good luck
Australian Market Report 