Monday, May 16, 2022

Finspiration Australia. Chart Analysis of Australian and International Stock Markets.

Overnight.  Energy up, Technology Down.

The American market was generally indecive with doji candle stocks evident on most important indices.


 Dow Jones flat +0.08%.  SP500 -0.39%.  Nasdaq -1.2%.  Small Caps -0.35%.  Banks -1.13%.

SP500.


Blind Freddy could see this chart is bearish.  It might be on the cusp of a counter-trend rally - but don't count on a lot.  Remember, the Fed is just around the corner waiting to mug the market.


Commodities.

Commodities Index +1.64%.  Energy +1.17%.  Base Metals +0.54%.  Agriculture Whooshka +2.98%.  Gold +0.95%.

Iron ore +1.2%.  Thermal Coal +2.5%

Those commodity price are looking good for our resource stocks today.

Overnight Oz Futures +0.3%.

 

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