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

22/6/22.   After a promising start today, XJO finished down today -0.23%.

XJP remains mired at the low end of its down-trend.  It remains very oversold so some upside seems likely.

We're in a bear market, so any upside is likely to be limited.

Five sectors were up today, but most were defensives.

Energy (XEJ) was up +1.52% and that dragged up Utilities (XUJ) +2.05%.  There were other factors at play in the increase in Utilities - the uncertainty about power supply seems to be stabilising.

Consumer Staples (XSJ) was up +0.53%.  Telecommunications (XTJ) up +0.19%.  Health (XHJ) up +0.22%.

The all important Financials (XXJ) down -0.39% and Materials (XMJ) down -0.19%.

In America, Dow futures are off 400 points or -1.58%.  That's not looking good for the overnight market or the Oz market tomorrow.