Friday Morning Joe. 9 June, 2017.

In America:

DJ, SPX and NYA were flat. Nasdaq up modestly.  R2k is now playing catch-up with today’s big jump.  That’s a positive.  DJ +0.04%, SP500 +0.03%,  Nasdaq +0.39%, NYA +0.1%, Russell2000 +01.36%.

XLF (Financials) up strongly +1.15%

SP500:

Nothing much has changed in the SP500.  H-A candle today saw another doji candle.   The middle (Regression) line of the Standard Error Channel has been acting as resistance since late March.  RSI was showing a short-term sell signal – that’s now cancelled.  CCI remains on a short-term sell signal.  This is an indecisive chart.  Wait.

Australia remains uncorrelated with the broad American market.  The commodities pricing helps a little but the major American indices are not much assistance.

Commodities:

DBC flat +0.00%.  Energy flat -0.09%   Industrial Metals +1.04%.  Copper Producers ETF was up +0.25%.  Gold -0.65%.  Iron Ore -0.2%.

Copper Producers ETF was up strongly 2.43%.  That’s a good sign for our Miners today.  BHP up overnight in the U.S. +2%.

Pre-markets are looking soft.  So we’ll probably open down a little.  Given yesterday’s intra-day strength, we’ll probably see more of the same today.

RB.