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

 25/8/22.  Overnight in America, stocks closed up modestly.

Dow Jones +0.18%.  SP500 +0.29%.  Nasdaq +0.41%.  Small Caps +0.31%.  Banks +0.17%.

SP500.

SP500 is in consolidation mode.  

Stochastic (bottom panel) is in the oversold zone, so we can start to look for an upside movement.  Stochastic can stay oversold for long periods of time, so don't expect an immediate upside movement.  It might come, but don't bet on it.  Patience.

Commodities.

 Commodities Index +1.05%.  Energy +1.44%.  Base Metals +0.25%.  Agriculture +0.39%.  Gold +0.29%.

After 30 minutes of trading, XJO is up about +0.5%.  Best performing sectors are Energy and Real Estate.  Consumer Staples hit hard by a big fall in Woolworths down more than -4%.