The S&P 500 broke higher during the day on Thursday, clearing the top of the shooting star from Tuesday. The NASDAQ 100 broke higher during the day on Thursday, as we continue to extend the gains.
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The US dollar broke above the 112.50 level, showing signs of strength. The Australian dollar had a volatile session during the day on Thursday, as we continue to bang around just above the 0.76 handle.
Gold prices dropped $13.18 an ounce yesterday as the strength in the dollar and global equities sapped demand for the metal as an alternative investment.
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The German index initially fell on Wednesday, but found the €11,500 level to be supportive enough to turn the market back around.
The EUR/USD pair broke down during the day on Wednesday, slicing below the 50-day exponential moving average. The British pound fell initially during the day but continues to find support near the 1.25 level.
The S&P 500 initially fell on Wednesday but turned around to form a hammer. The NASDAQ 100 initially fell on Wednesday but found support at the previous resistance, and it now looks as if we are going to go higher.
The USD/JPY pair found resistance at the 112.50 level, yet again. The Australian dollar had a choppy session on Wednesday, forming a relatively neutral candle.
The WTI Crude Oil market rally during the day on Wednesday, even after we get a very bearish announcement coming out of the inventories indicator. Natural gas markets initially fell during the session on Wednesday, but turned around to form a hammer.