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

12/8/22.  Yesterday in Australia.

 XJO up +1.12% following the U.S. rally after easing CPI data.

Indicators suggest that yesterday's action may be a false break to the upside.

Overnight in America, mixed results after intra-day selling.

Dow Jones +0.08%.  SP500 -0.07%.  Nasdaq -0.58%.  Small Caps +0.64%.  Banks +1.6%.

SP500.

Negative divergences are showing up on MACD, its Histogram and CCI.  That's good evidence that the SP500 is due for a pull-back.

Commodities.

Commodities Index+1.94%.  Energy +2.78%.  Base Metals +1.03%.  Agriculture +0.93%.  Gold -0.26%.  

Iron Ore +1.6%.  Thermal Coal +0.6%.

Overnight Oz Futures -0.3%, that suggests a weak opening for the XJO this morning.